Victory Precision(SZ:002426)2023-05-06 10:11Group 1: Financial Performance - The company reported a loss of over 70 million in Q1 2023, despite an increase in automotive parts revenue year-on-year [2] - As of December 31, 2022, the company had total liabilities of 4.278 billion, with a debt-to-asset ratio of 50% [4] - The automotive parts business generated revenue of 306 million in 2022, accounting for 7.42% of total revenue [5] Group 2: Product Development and Market Strategy - The composite copper foil project is currently in the sample testing phase, with production capacity expected to be established soon [4] - The company aims to focus on traditional precision components while expanding into automotive parts, particularly large vehicle displays and lightweight magnesium alloy components [5] - The company has sent samples of the composite copper foil to multiple battery manufacturers and is maintaining communication for future orders [3] Group 3: Market Conditions and Challenges - The consumer electronics sector remains sluggish due to reduced demand and limited product iterations [5] - The automotive industry is experiencing a growing demand for larger in-car displays and lightweight components, driven by trends in smart, electric, integrated, and lightweight vehicles [5] Group 4: Corporate Governance and Investor Relations - The management is committed to improving operational capabilities and company quality to enhance investor recognition and value [3] - There are currently no plans for stock buybacks or significant share purchases by executives [4]