SENSSUN(SZ:002870)2023-02-16 07:16Group 1: Company Overview and Performance - The company's main products include luxury smart accessories, new energy charging and distribution products, and weighing instruments. Due to macroeconomic factors, the growth rate of performance slowed in the first half of 2022, but it accelerated in the second half, with a projected net profit growth of over 80% compared to the first half after excluding non-recurring gains and losses [3] - The new energy charging and distribution products have matured and are seeing a significant increase in revenue after market introduction. The company is focusing on developing new DC charging equipment, next-generation AI smart AC charging devices, and charging operation platforms [3] Group 2: International Operations and Market Strategy - The company has established a complete manufacturing and operational team in North America, including factories and R&D centers, primarily serving North American clients through local teams [4] - Currently, the company has begun selling European standard products in Europe, while American standard products are still undergoing certification. The company is considering expanding production lines for new energy products at its existing manufacturing bases in Europe and North America [5] Group 3: Financial Impact and Risk Management - The company monitors exchange rate fluctuations and adjusts its operational strategies accordingly, employing measures such as forward foreign exchange contracts to mitigate risks. The impact of exchange rate losses on profits in 2022 was relatively low [6] Group 4: Future Growth and Product Development - The company is confident in meeting profit commitments and anticipates growth from three main areas: 1. The luxury smart accessories business, which is expected to increase the average selling price (ASP) of vehicles through continuous product iteration [7][8] 2. The rapid growth of the new energy business as the product matrix expands [8] 3. Partnerships with both traditional automotive brands and new energy vehicle manufacturers, which will further open market opportunities [8] Group 5: Charging Infrastructure Development - The company has constructed over 200 charging stations in the Yangtze River Delta region, primarily focusing on AC charging stations, with good operational performance reported [9]