Lucky Harvest(SZ:002965)2023-11-14 09:51Group 1: Company Overview - Xiangxin Technology specializes in precision stamping molds and metal structural components, focusing on automation and intelligence in mold development [1] - The company reported Q3 2023 revenue of CNY 1.455 billion, with a profit of CNY 109 million and a net profit margin of 7.49% [1] Group 2: Market Focus and Clientele - The company aims to expand its client base in the new energy sector, targeting major automotive clients such as GAC Group, SAIC Group, and NIO [2] - Xiangxin Technology supplies metal structural components for new energy vehicle battery systems to clients like Guoxuan High-Tech and Yiwei Lithium Energy [2] Group 3: Product Development and Strategy - The company is actively developing products in the photovoltaic inverter and energy storage sectors, supplying components to well-known firms like Enphase Energy and Jinlang Technology [2] - Xiangxin Technology has a strong focus on lightweight components for new energy vehicles, leveraging its experience and technical reserves [2] Group 4: Future Outlook and Operations - The company anticipates a busy second half of the year, with a focus on converting existing orders into performance [2] - Xiangxin Technology is progressing with its share issuance to specific investors, having received approval from the China Securities Regulatory Commission [3]