Lucky Harvest(SZ:002965)2023-08-25 07:37Group 1: Company Overview - Xiangxin Technology Co., Ltd. specializes in the research, production, and sales of precision stamping molds and metal structural components, focusing on automation and intelligence in mold development [1] - The company serves clients in the automotive, power battery, and communication industries, providing comprehensive solutions [1] - It is recognized as a national high-tech enterprise and has established engineering research centers and technology centers in Guangdong Province [1] Group 2: Financial Performance - For the first half of 2023, the company reported a revenue of CNY 2.451 billion, representing a year-on-year increase of 43.38% [1] - The net profit for the same period was CNY 168 million, with a net profit margin of 6.85% [1] Group 3: Future Outlook - The company anticipates that the new energy automotive sector will enter a production peak starting in the second quarter, with sales expected to rise in the third and fourth quarters [2] - The strategic focus will be on expanding into the new energy sector, including electric vehicles, power batteries, photovoltaic inverters, and energy storage [2] - Plans include enhancing product value and service convenience to become a platform-based and integrated supplier [2] Group 4: Competitive Strategy - The company aims to strengthen its presence in the North American market by focusing on strong export products and technical services [2] - Efforts will also be made to expand customer acquisition in the European market, leveraging mold technology and cost advantages [2] - The company plans to develop a diverse range of products to prepare for future capacity deployment [2]