SENSSUN(SZ:002870)2023-11-02 10:28Group 1: Financial Performance - The company experienced revenue and profit growth in Q3 2023, driven by strong demand for intelligent components and high-end surface decoration products, with increased unit value contributing to automotive business growth [3] - Gross margin and net margin improved year-on-year for the first nine months of 2023, primarily due to a higher proportion of high-margin product sales and continuous improvement in overseas operational capabilities [6] Group 2: Product and Market Development - The company’s innovative products, such as electric hidden air outlets and optoelectronic touch surfaces, have gained high recognition from major market clients, leading to increased revenue [3] - The penetration rate of intelligent cockpit components and new energy charging and distribution products has further increased among new car manufacturers and domestic brands [3] Group 3: Overseas Operations and Competitive Advantage - The company has a global presence with overseas R&D centers in the USA and Germany, and manufacturing centers in Mexico, Poland, and Romania, enhancing its global competitive advantage [4] - The company has successfully exported multiple batches of charging pile products, indicating a growing international market presence [5] Group 4: Strategic Plans - The company holds a 63% stake in Junsheng Qunying and views the acquisition of the remaining shares as a key strategic move for future development [6] - Plans to increase unit value include selling intelligent products and complete sets of new energy charging and distribution products to OEMs, which will significantly enhance the unit value of these products [5]