Xingyu Co.,Ltd(SH:601799)2022-03-15 11:01Group 1: Company Overview - The company reported a normal operating situation, with a strong production and sales performance in January and February 2022. In 2021, the company secured new project orders amounting to approximately 13.5 billion RMB, which are expected to enter mass production by the end of 2022 and in 2023, contributing to revenue and profit [3][4]. Group 2: Product Development and Technology Trends - The automotive lighting industry is moving towards electronic, intelligent, and digital upgrades, with future directions focusing on advanced driving assistance systems (ADB) and digital light processing (DLP) headlights. The company has already launched mass production projects for ADB headlights and secured a DLP headlight project by the end of 2021 [3][4]. - Ambient lighting is becoming a key aspect of consumer personalization in vehicle interiors, with significant market potential. The company has sufficient technical reserves for ambient lighting and has already initiated mass production projects in this area [4]. Group 3: Client and Market Strategy - The company has successfully entered the supplier system for new forces and leading domestic brands, securing relevant projects [4]. - The Serbian factory is progressing normally, with future capacity planning to be carried out in an orderly manner based on project acquisition [4]. - The company is exploring global expansion for additional production capacity based on business development plans [4]. Group 4: Research and Development - The company has established a technical research institute in Changzhou and set up R&D branches in multiple locations, including Shanghai and Wuhan, to enhance research on cutting-edge automotive lighting and electronics technologies [4]. - The company plans to continue advancing ADB headlights, DLP headlights, and ambient lighting projects, while increasing the proportion of high-tech and high-value-added products in its portfolio. It will also strengthen cooperation with leading domestic and international automotive manufacturers [4].