Ningbo KBE Electrical Technology (SZ:300863)2023-02-03 10:21Group 1: Company Overview - The company is Ningbo Kabeiyi Electric Technology Co., Ltd. [2] - The announcement was made on February 3, 2023, regarding an investor research activity [2]. Group 2: Research Activity Details - The research was conducted via a phone call on February 3, 2023 [2]. - Key participants included the Vice General Manager and Board Secretary, Qin Ci [2]. Group 3: Key Questions and Responses - Cable Value and Profit Margins: Ordinary cables have a gross margin of 10%-15%, while high-voltage cables have a gross margin of 20%-30% [4]. - Production Process Differences: High-voltage cables have more complex production processes and higher costs, leading to increased prices and margins compared to low-voltage cables [5]. - Application in Major Companies: In 2022, the company supplied high-voltage and ordinary cables to BYD and Geely, showing significant growth compared to 2021 [6]. - Certifications: The company’s high-voltage cables have been certified by major manufacturers including Volkswagen, Mercedes-Benz, Tesla, BYD, and Geely [7]. - Market Strategy: The company aims to maintain its competitive edge by enhancing product quality and after-sales service rather than engaging in price wars [8]. - Aluminum vs. Copper Cables: While aluminum cables offer advantages like lightweight and high margins, their widespread adoption is still limited, presenting future market opportunities [9].