Lucky Harvest(SZ:002965)2022-11-19 01:26Group 1: Company Overview - Xiangxin Technology specializes in precision stamping molds and metal structural components, providing solutions for industries such as automotive and power batteries [3] - The company is recognized as a national high-tech enterprise and has established engineering research centers for automotive large components [3] Group 2: Financial Performance and Pricing Strategy - In 2021, the company's net profit declined due to rising raw material costs, which were based on earlier pricing strategies [4] - In 2022, the company adjusted its procurement and sales strategies, establishing price linkage mechanisms with major clients to mitigate raw material price fluctuations [4] Group 3: Market Opportunities and Growth - The rapid development of new energy vehicles (NEVs) is expected to increase the demand for automotive molds and components, with NEVs projected to account for over 20% of total vehicle sales by 2025 [4] - The company has secured orders from major NEV manufacturers such as GAC Aion, NIO, BYD, and Xpeng, indicating a strong growth trajectory in this sector [4] Group 4: Technological Advantages - Xiangxin Technology holds competitive advantages in various technologies, including steel-aluminum connection technology and self-piercing riveting (SPR) technology [5] - The company is actively monitoring advancements in battery box technologies and has established collaborative development intentions with clients regarding CTC and CTB technologies [5] Group 5: Impact of COVID-19 - The pandemic has affected the automotive supply chain's efficiency, particularly in heavily impacted regions, but is not expected to hinder the long-term development of the automotive industry [5] Group 6: Future Development Trends - The company is focusing on the development of energy storage and photovoltaic inverter precision metal structural components, anticipating significant growth in these areas by 2025 [6] - Various metal forming technologies coexist, with stamping being the most widely used due to its high efficiency and low cost [6]