Company Overview - Minglida is a leading enterprise in precision structural components, established in 2004, with a comprehensive process system covering multiple materials and forming methods [2]. - The company has expanded its business into photovoltaic, security, new energy vehicles, and consumer electronics sectors from 2014 to present [2][3]. - In 2023, the company expects to maintain rapid revenue growth [2]. Product and Technology - The main products in the new energy vehicle sector include structural components for the three electric systems (battery structure, motor housing, and electronic control housing) [2]. - The company is focusing on integrated die-casting technology, which is a trend in the new energy and automotive sectors, and has been collaborating with BAIC since 2019 for R&D and mass production [3][4]. - The largest die-casting machine currently has a capacity of 5000 tons [3]. Market Expansion - Future growth is anticipated to come from new customers, with a focus on overseas markets due to higher profit margins and better settlement conditions [4]. - The company has a relatively high market share in photovoltaic and energy storage sectors abroad, while domestic market share has seen significant growth recently [4][5]. - The strategic development plan centers on the new energy sector, continuously deepening relationships with leading customers [4]. Financial Performance - The company expects stable profit margins in overseas markets, benefiting from declining raw material prices and the depreciation of the RMB [5]. - The impact of exchange rate fluctuations is anticipated to be positive due to the high proportion of overseas business [5]. - The overall gross and net profit margins are expected to face pressure in the domestic market due to customer price reduction demands [5]. Production Capacity - The first phase of the Mexican plant was launched in November 2022, with the second phase under construction, aimed at meeting increasing customer demand [5]. - The management of overseas factories is more complex due to local labor protection and legal regulations, but the overall operational costs are higher than domestic [4][5]. Customer Relations - Current business growth is primarily driven by existing customers, but new customer acquisition is expected to become a major growth source in the next two to three years [4]. - The company is actively working to fill talent gaps in its overseas management team by training internal staff and attracting external talent [4].
铭利达(301268) - 2023年6月14日投资者关系活动记录表