VT Industries(SZ:300707)2022-11-21 15:44Group 1: Company Performance Overview - The company achieved a revenue increase of 6.10% year-on-year for the first three quarters of 2021, with total revenue reaching 4.43 billion [1] - The mold business experienced a decline in revenue due to factors such as business model and international logistics disruptions caused by the pandemic [1] - The stamping parts business is currently operating at full capacity, with a substantial order backlog [1] Group 2: Future Outlook and Projects - The company anticipates steady growth for the year, with significant progress in the new energy sector, including a project with VINFAST for battery box assembly expected to last 5 years [2] - Future projects will enhance the company's capabilities in developing and manufacturing automotive stamping molds and components [2] - The company plans to increase R&D investment and expand production lines for new energy vehicle stamping molds and components [2] Group 3: Client Relationships and Market Position - The top five clients are well-known international companies, showing significant growth in product supply [2] - The company is deepening cooperation with core clients to pursue high-value and promising new projects [2] Group 4: Operational Challenges and Responses - The company has effectively mitigated the impact of power restrictions in its region, which have now been lifted [2] - Management is actively monitoring and responding to changes in power limitation policies [2] Group 5: Financial Strategies - The company will consider refinancing plans based on actual funding needs and future strategic development [2] - Continuous monitoring of stock prices and convertible bond terms will inform decisions regarding conversion prices [3]