Xinpeng Co.,Ltd.(SZ:002328)2022-12-06 11:28Company Overview - Shanghai Xinpeng Industrial Co., Ltd. was established in October 1997 and restructured in 2007, primarily engaged in sheet metal stamping and related businesses [2] - The company was listed on the Shenzhen Stock Exchange on December 30, 2009, with the stock code 002328 [2] - Xinpeng specializes in various metal processing capabilities, particularly in mold design and manufacturing, as well as complex metal component production [2] Business Segments - The automotive parts business is the largest segment, with factories located in Shanghai, Yangzhou, Ningbo, and Changsha [2] - The company provides automotive parts for Shanghai Volkswagen, covering most of its vehicle models, including Tiguan, Touran, and Santana [2] Investment Initiatives - The company is collaborating with Jinpu Investment to establish the Shanghai Jinpu Emerging Industry Investment Fund, aimed at strategic investments in emerging industries [3] - The fund will focus on sectors such as new materials, medical technology, and environmental technology, primarily targeting growth-stage companies [3] Financial Status - Currently, the company has sufficient cash reserves and does not have any financing needs, as core customers have good credit and no overdue payments [3] - Future financing needs may arise if new project investments exceed the company's own capital reserves, but this is uncertain [3] Project Development - The Beidou project is managed by the wholly-owned subsidiary Nanjing Kangpai Electronics Co., Ltd., which specializes in satellite navigation communication equipment [3] - In 2015, Kangpai Electronics developed several products related to the Beidou system and obtained 1 invention patent and 2 software copyrights [3]