Cheersson(SZ:002976)2022-11-22 02:58Group 1: Business Development and Strategy - The company plans to increase investment in functional electronic ceramics, covering the entire industry chain from material formulation to product development and market application [2] - The automotive parts sales revenue constitutes a significant portion of the company's main business income, with projects for Tesla Model S and Model Y being highlighted [2][3] - The company aims to establish strategic investments and collaborations in upstream and downstream sectors of precision metal components and functional electronic ceramics [3][4] Group 2: Client Relationships and Market Expansion - The company’s direct clients in the automotive and new energy vehicle sectors include well-known domestic and foreign suppliers, with a focus on long-term cooperation [3] - In 2020, the company increased its domestic client development efforts due to delays in overseas project deliveries caused by the pandemic [4] - Major clients include Nokia, Ericsson, and Bosch, indicating a strong presence in both domestic and international markets [4] Group 3: Financial Performance and Future Plans - The company’s profit distribution and capital reserve increase plan aligns with its current development status and aims to provide reasonable returns to investors [5] - In 2020, the precision metal components projects generated a profit of 5.3847 million yuan, with 1.8366 million yuan in the first quarter of 2021 [5] - The company is committed to accelerating the construction of fundraising projects to enhance the efficiency of its investments [5]