Ningbo Sunrise(SZ:002937)2022-11-22 01:01Company Overview - Ningbo Xingrui Electronic Technology Co., Ltd. was established in 2001, focusing on the manufacturing and R&D of electronic connectors, structural components, plastic housings, and insert-molded parts, primarily applied in smart home terminals, automotive electronics, and new energy vehicles [2]. - The company aims to become a solution provider in the smart home terminal and global high-voltage connection fields for new energy [2]. Financial Performance - In the first three quarters of 2021, the company achieved a revenue of 901.09 million yuan, with the automotive electronics and new energy vehicle business accounting for approximately 80% of total revenue [3]. - The company reported a year-on-year revenue growth of 22.16% in 2021, with a target growth rate of 30%-40% [3]. Market Trends and Strategic Focus - The company is focusing on expanding its client base among leading enterprises in the new energy vehicle sector, driven by the trend of replacing fuel vehicles with new energy vehicles [3]. - In the smart home terminal sector, the company is leveraging opportunities arising from advancements in 5G, big data, and artificial intelligence, gradually expanding its business scope from smart set-top boxes and gateways to smart security [3]. Production and Operations - The company has seen a recovery in production as overseas pandemic conditions improve, leading to a sequential increase in both revenue and profit during the reporting period [3].