Ningbo KBE Electrical Technology (SZ:300863)2023-02-09 10:21Group 1: Investor Meeting Overview - The investor meeting took place on February 9, 2023, via telephone [2] - Participants included the company's Vice General Manager and Board Secretary, Qin Ci, and Securities Affairs Representative, Xiao Shuyue [2] - A total of 12 investment institutions participated in the meeting [3] Group 2: Key Discussion Points and Company Responses - The rise in copper prices, which constitute approximately 85% of the product cost, may impact the company's gross margin; however, the effect on total profit is minimal as costs are largely passed to downstream companies [4] - The company has been supplying automotive cables to BYD through downstream harness manufacturers and is actively exploring more projects related to BYD [5] - The company provides high-voltage cables and data cables to Geely's Zeekr 001 model through downstream harness manufacturers and plans to expand this business [6] - After obtaining certification for high-voltage products from Mercedes-Benz in October 2022, the company began supplying these products in January 2023 [6] - The company focuses on automotive cables, including high-voltage and standard cables, and anticipates increased demand for automotive data cables due to enhanced vehicle performance [7] Group 3: Project Updates - The company is progressing with its IPO and convertible bond projects, including the Shanghai and Benxi new energy vehicle cable production lines; the Shanghai project has been in trial production for one year, while the Benxi project is nearing completion [8]