Lucky Harvest(SZ:002965)2023-08-23 09:42Financial Performance - The company's revenue for the first half of 2023 was CNY 2.451 billion, representing a year-on-year increase of 43.38% [1] - Net profit for the same period was CNY 168 million, with a net profit margin of 6.85% [1] - Revenue from precision stamping molds and metal structural parts for new energy vehicles reached CNY 1.33 billion, with a gross margin of 19.75% [1] - Revenue from precision stamping molds and metal structural parts for energy storage equipment was CNY 307 million, with a gross margin of 16% [1] - Revenue from new energy products accounted for 68% of the company's total revenue [1] Market Outlook - The total intended amount for new projects in the first half of 2023 was CNY 28-28.5 billion, primarily from the North American and European markets [2] - The domestic automotive industry is experiencing a recovery, particularly in the new energy vehicle sector [2] - The company plans to strengthen its technology research and development to adapt to potential changes in the industry landscape [2] Strategic Initiatives - The company aims to enhance equipment research and production technology optimization to improve competitiveness [2] - There is a focus on expanding the North American market and developing a complementary product matrix with localized factories [2] - Efforts will be made to strengthen customer development in the European market, leveraging the company's mold technology and service quality [2] Customer Engagement - The company received project intention letters from customers in the first half of 2023, with an expected total amount of CNY 28-28.5 billion [3] - The downstream customers include sectors such as new energy vehicles, power batteries, energy storage, and communication servers [3] - The company anticipates that the new energy market's rapid growth will drive upstream industry chain growth [3] Future Expectations - The company expects the new energy vehicle industry to enter a production peak season in the second half of the year [3] - The development strategy includes embracing new energy sectors and enhancing product value to provide better services [3] - The company aims to become a platform-based and integrated supplier in response to the accelerating transformation of the automotive industry [3]