SHINRY(SZ:300745)2022-12-03 09:46Group 1: Company Overview and Activities - The meeting was held on June 14, 2018, with participation from 6 representatives from various financial institutions [2] - The chairman and general manager, Mr. Wu Renhua, provided an overview of the company's basic situation, R&D capabilities, and products [2] Group 2: Key Performance Indicators - Key indicators for measuring OBC performance include conversion efficiency, miniaturization, lightweight design, and integration [3] - The company reported a 96% or higher efficiency for the G5 generation bidirectional V2L and V2G products launched in 2017 [3] Group 3: Market Trends and Challenges - The future trend for OBC is towards integration, with a clear shift towards three-in-one and four-in-one solutions [3] - The company has experienced a decline in gross margin due to intense industry competition and has implemented continuous technological innovation to maintain competitive advantages [4] Group 4: Financial Performance and Risks - The company achieved explosive growth starting in 2014, but faced negative growth in 2017 due to policy changes and increased R&D investments [4] - Material costs account for over 70% of the company's main business costs, and the company has strategic partnerships with suppliers to mitigate market risks from price fluctuations [5] Group 5: Customer Relationships - Major customers include BAIC New Energy, JAC, Geely, and others, with stable long-term cooperation, reducing dependency risks on uncertain clients [4]