西上海(605151) - 西上海投资者关系活动记录表（2023-005）

Financial Performance - Revenue for the first three quarters of 2023 reached 883 million yuan, with a net profit of 80.1059 million yuan, a year-on-year increase of 3.15% [3] - R&D expenses for the first three quarters of 2023 amounted to 35.4409 million yuan, an increase of 8.46% year-on-year [5] Business Operations and Strategy - The company has operational bases in cities such as Shanghai, Guangzhou, Beijing, and Wuhan, and production bases in cities like Shanghai, Guangzhou, and Xi'an [3] - The company follows a synchronous development model in the automotive interior industry, which is now a mainstream R&D model [5] - The company has a unique geographical advantage and high-quality resources, with a total land area of 539,958.13 square meters and available land area of 694,351.55 square meters [7] Market and Industry Trends - The company is actively exploring the new energy vehicle market, with projects supporting brands like BYD, NIO, and GAC Aion [4] - The company faces challenges in the new energy vehicle market, including the need for continuous investment and the instability of market patterns [5] Cost Management and Efficiency - The company focuses on cost control in logistics, including customer acquisition, operational, and capital costs [6] - The company monitors raw material prices closely, improves material utilization, and optimizes supplier management to control production costs [9] Future Plans and Development - The company plans to continue focusing on its core business, stabilize existing operations, and accelerate the development of new energy vehicle business [8] - The company aims to expand its scale and implement its "14th Five-Year Plan" strategy [8]