Xinpeng Co.,Ltd.(SZ:002328)2022-12-07 00:07Group 1: Company Overview - Shanghai Xinpeng Industrial Co., Ltd. was established in October 1997 and listed on the Shenzhen Stock Exchange on December 30, 2009, with stock code 002328 [2] - The company operates mainly in four business segments: metal products processing, military industry development, investment platform, and cultural industry platform [2][3] Group 2: Business Segments - Metal Products Processing: The automotive parts business is the largest segment, with factories located in Shanghai, Yangzhou, Ningbo, and Changsha. This segment has become a significant economic pillar for the company [2] - Military Industry Development: The company has a military industry incubation platform "Precision Electromechanical," which has obtained two military qualifications and focuses on satellite navigation communication equipment [3] - Investment Platform: The company has invested in various funds focusing on strategic emerging industries, including new materials and environmental technology [3] - Cultural Industry Platform: In January 2014, the company invested 200 million RMB to establish Shanghai Hanyu Dong Investment Co., Ltd., focusing on cultural industry projects [3] Group 3: Financial Insights - The automotive parts business has a relatively low gross margin due to high raw material costs, particularly in welding operations [3] - The company sold its gold mining project due to declining prices and operational challenges, which was seen as a protective measure for shareholders [4] Group 4: Future Directions - The company is cautious about direct investments in film and television projects, preferring to maintain a stable operational approach to control investment risks [4] - There are no current plans to re-enter the new energy battery metal shell business, although the company can process lightweight aluminum components for automotive applications [4]