Company Overview - Jinlu Electronics specializes in the research, production, and sales of printed circuit boards (PCBs), particularly focusing on the automotive electronics sector since 2016 [1] - The company has established a broad customer base within the new energy vehicle industry, including vehicle manufacturers and Tier 1 suppliers [1] Financial Performance - In the first three quarters of 2022, the company achieved a revenue of CNY 1.127 billion, representing a year-on-year growth of 18.87% [1] - The proportion of multi-layer board revenue in the main business income increased to 68.05%, up by 5.72 percentage points year-on-year [1] - The gross profit margin for the first three quarters was 20.61%, an increase of 6.07 percentage points year-on-year [1] Gross Margin Trends - Since the second quarter of 2022, the gross margin has shown a monthly upward trend, reaching 22.95% in the third quarter, which is a 2.20 percentage point increase from the second quarter [2] - In September 2022, the monthly gross margin peaked at 25.07%, up by 5.74 percentage points compared to 2021 [2] - The net profit for the first three quarters was CNY 98.24 million, reflecting a year-on-year increase of 35.90% [2] Production Capacity - As of the end of 2021, the company's production capacity was 2.2 million square meters, with plans to increase it to 2.7 million square meters in 2022 through new projects [2] Product Applications - The company's PCBs are utilized in energy storage battery management systems, with major clients including Pylon Technologies [2] - The value of PCBs in traditional vehicles is approximately CNY 500-600, while in smart electric vehicles, it can reach CNY 1,500-1,700, which is three times that of traditional vehicles [3] Revenue Composition - PCB revenue from automotive applications exceeds 50%, with 40-50% of that coming from new energy vehicle systems and charging stations [3] - In 2021, sales through trading partners accounted for 42.33% of total sales, primarily in automotive and industrial control sectors [3]
金禄电子(301282) - 2022年12月9日投资者关系活动记录表