Cheersson(SZ:002976)2023-08-22 22:24Group 1: Company Overview - The company is positioned in precision intelligent manufacturing, focusing on precision metal stamping components, fasteners, and precision molds [2] - Main applications are in the automotive, communication, and new energy sectors [2] Group 2: Financial Performance - In the first half of 2023, the company achieved revenue of CNY 798 million, a year-on-year increase of 81.74% [3] - Revenue from the automotive and new energy sectors reached CNY 518 million, up 110.11% year-on-year [3] - Precision metal structural components for automotive and new energy applications generated approximately CNY 338 million, a growth of about 48.00% [3] - Revenue from seat comfort system components and sub-assembly products was approximately CNY 180 million, with a significant increase of about 897.97% [3] - Revenue from the mobile communication sector was CNY 226 million, reflecting a year-on-year growth of 62.69% [3] Group 3: Strategic Developments - The company is actively developing its market presence by focusing on customer needs and expanding market share for key products [3] - Collaboration with UK partner Pralide is ongoing for the development of automotive air suspension systems [3] - The project with Pralide is currently under review due to expired financial data, with efforts to expedite the auditing process [3] Group 4: Talent and Management - The company emphasizes talent management and has established a professional team for air suspension business operations [4] - Continuous improvement of talent selection, training, and evaluation systems is in place to support business expansion [4] Group 5: Acquisition Impact - The acquisition of Guangzhou Xinzhen has enhanced business synergies, focusing on the development of seat metal framework products and comfort system components [5] - In the first half of 2023, Xinzhen reported revenue of CNY 182.43 million and a net profit of CNY 22.72 million [5]