Ningbo Sunrise(SZ:002937)2024-01-24 10:26Company Overview - Ningbo Xingrui Electronic Technology Co., Ltd. was established in 2001 and listed on the Shenzhen Stock Exchange in September 2018. The company's products are primarily used in smart terminals, automotive electronics, and new energy vehicle electrical systems [3]. Product Development - The company has expanded its automotive electronic product line from traditional automotive components to new energy vehicle battery-related components, achieving diversification into intelligent products such as millimeter-wave radar and connectors [3]. - The core capability of the company's embedded injection molding products combines multiple processes, including stamping, injection molding, and automation, supported by over 20 years of experience in precision mold and component manufacturing [3]. Customer Relationships - The company has enhanced sales with established clients like Vantiva and Sagemcom, while also developing strong partnerships with leading North American clients such as Verizon and Landis+Gyr [4]. Capacity Planning - The company is steadily expanding its production capacity across six domestic and international bases. The new energy vehicle components production base is expected to increase capacity by 40-50% and is projected to commence production in the first half of 2024 [4]. - The company is actively exploring market and capacity planning beyond Southeast Asia to strengthen overseas factory capabilities in market, technology, operations, and delivery [4]. Strategic Development - The long-term strategy focuses on high-value-added products and deepening the domestic and international dual circulation market. The company aims to leverage its manufacturing capabilities and operational efficiencies gained from collaborations with international clients to expand its domestic client base [4]. - The company is committed to maximizing shareholder benefits and employee satisfaction while promoting high-quality sustainable development [4].