CITC(SZ:002190)2022-12-08 01:22Group 1: Company Overview - Sichuan Chengfei Integration Technology Co., Ltd. focuses on automotive mold business and lithium battery production [2] - The company has a subsidiary, AVIC Lithium Battery, which specializes in lithium battery materials [2] Group 2: Lithium Battery Business - AVIC Lithium Battery's main materials are lithium iron phosphate and some ternary materials [2] - The procurement of battery raw materials is primarily market-based, with some clients specifying suppliers [3] Group 3: Clientele and Applications - The lithium battery business mainly serves the new energy vehicle sector, with key clients including Suzhou Golden Dragon, Nanjing Golden Dragon, and Zhongtong Bus [3] - In the passenger vehicle sector, clients include Dongfeng Xianglv, Chongqing Ruichi, and Changan New Energy [3] Group 4: Financial Performance - AVIC Lithium Battery's gross margin increased from 11.89% at the end of 2014 to 23.72% in mid-2015, with expectations for further improvement due to economies of scale [3] - The estimated net profit for 2015 ranges from 67.17 million to 87.78 million CNY, representing a growth of 63% to 113% compared to the previous year [3]