Group 1: Company Overview - Jinlu Electronics specializes in the research, production, and sales of printed circuit boards (PCBs), known as the "mother of electronic products" with extensive downstream applications [2] - The company focuses on the automotive electronics sector, entering the new energy automotive PCB field in 2016, starting with battery management systems (BMS) and expanding to other core components of smart electric vehicles [2][4] Group 2: Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 950.33 million yuan, a year-on-year decrease of 15.65%, with Q3 revenue at 331.11 million yuan, also down year-on-year [2][4] - The decline in revenue is attributed to market demand downturn, intensified industry competition, and inventory adjustments by customers [4] Group 3: Production Capacity and Utilization - The production capacity utilization rate improved to 92.23% in Q3 2023, showing a significant increase compared to Q2 [4] - As of the end of 2022, the annual production capacity of the company's production bases in Qingyuan and Hubei was 2.8 million square meters, with ongoing projects to expand capacity [5] Group 4: Market Challenges and Strategies - The automotive PCB business faced revenue declines due to reduced demand from traditional automotive parts and smart electric vehicle core components, influenced by geopolitical factors and price sensitivity among trade customers [4] - The company plans to focus on the smart electric vehicle and energy storage sectors for future business expansion, aiming to enhance market share in BMS and develop new customer resources in intelligent and connected fields [5][6] Group 5: Customer Base and International Operations - The company has established a broad customer base in the new energy automotive supply chain, including vehicle manufacturers and Tier 1 suppliers [2] - Over 40% of the company's main business revenue comes from overseas markets, with a talent pool prepared for international operations [4][5]
金禄电子(301282) - 2023年11月17日投资者关系活动记录表