Lucky Harvest(SZ:002965)2024-06-04 10:28Financial Performance - The company reported a revenue of 1.571 billion RMB for Q1 2024, representing a year-on-year growth of 36.81% [1] - Net profit reached 121 million RMB, with a growth of 47.76% and a net profit margin of 7.51% [1] Strategic Focus - The company aims to expand in the new energy sector, focusing on electric vehicles, power batteries, and photovoltaic energy storage [1] - Emphasis on technological innovation to enhance the competitive edge in precision stamping mold technology [1] Production Capacity and Client Base - The company has established production bases in multiple locations, including Dongguan, Guangzhou, and Mexico, to meet future planning and client demands [2] - Current clients include major automotive manufacturers such as GAC Group, Geely, and NIO, with ongoing negotiations with other vehicle manufacturers [2] Raw Material Management - The company has implemented a price linkage mechanism with major clients to mitigate the impact of raw material price fluctuations, particularly for steel and aluminum [2] Product Development and Market Expansion - Active development in photovoltaic inverters and energy storage systems, supplying to notable companies like Enphase and Aiko [2] - The company has received a project notification for supplying components for flying cars, with an estimated sales volume of 60 million RMB over five years starting in 2025 [3] Competitive Advantages - The company utilizes advanced manufacturing techniques for battery box products, including stamping and aluminum extrusion, and has established partnerships for joint development [3] - Continuous focus on enhancing R&D capabilities to support technological transformation and product value addition [3]