Ningbo Sunrise(SZ:002937)2022-11-17 14:20Group 1: Company Overview - Xingsui Technology is a precision component manufacturing and R&D enterprise, focusing on smart terminals, automotive electronics, and consumer electronics [2] - The company aims to provide customized system solutions for high-end clients in the new energy vehicle and smart terminal sectors [2] Group 2: Financial Performance - In Q1, the company achieved a revenue of CNY 354 million, a year-on-year increase of 13.66% [2] - The net profit attributable to shareholders was CNY 34.01 million, with a quarter-on-quarter growth of 38.97% [2] - The company expects overall business confidence to remain strong in the second half of the year [2] Group 3: New Energy Vehicle Business - The company laid the foundation for the "New Energy Vehicle Parts Industry Base" project on July 3, 2022, marking a significant step in industrial integration [2] - Xingsui Technology has successfully developed and mass-produced battery module components such as IBMU/BDU/DCDC, benefiting from a collaboration with Panasonic since 2018 [2] - Future plans include increasing R&D and product development for automotive electrical modules and thermal management systems [2] Group 4: Production Capacity and Investment - In June 2021, the company signed an agreement with the Cixi government to build production lines for 1.26 million automotive battery components and 13 million 5G smart terminal parts [2] - The total investment for the first phase of the project increased from CNY 392.93 million to CNY 662.60 million [2] - The main construction is expected to be completed in the second half of 2023, with production starting in 2024 [2] Group 5: Revenue Growth Guidance - The company projects a sales revenue growth range of 20%-40% for 2022 [3]