Financial Performance - In the first three quarters of 2024, the company's operating income reached XX million yuan, representing a year-on-year growth of 6.30% [1] - The net profit attributable to shareholders was XX million yuan, an increase of 8.96% year-on-year [1] - The net profit after deducting non-recurring gains and losses grew by 9.82% [1] Product Development and Market Position - The company has a strong vertical integration strategy in its cleaning system business, allowing for in-house production of key components such as cleaning pumps and nozzles [1] - The company is recognized as a hidden champion in the cleaning pump sector, with a high global market share and a solid reputation among end customers [2] - The company is actively expanding its ADAS (Advanced Driver Assistance Systems) cleaning system customer base, with products already adapted for clients like Waymo and Meituan [2] Overseas Operations - The U.S. factory is in the ramp-up phase for certain projects, but profitability is expected to be challenging in the short term [3] - The Thailand facility is anticipated to achieve profitability more quickly due to lower asset burdens and efficient capacity expansion [3] Future Investment Plans - Future investments will focus on new projects, including a new automotive parts production base in Thailand, with an annual output of 19.54 million automotive micro-motors [3] - The company plans to adjust its investment strategy based on performance and market conditions [3] Pricing Strategy and Market Competition - The automotive industry remains competitive, leading to pricing pressures on the company's cleaning system business, primarily serving OEMs [3] - The company employs two pricing strategies: annual reductions and one-time discounts to maintain market share [3] - Despite short-term margin pressures, the company expects absolute growth in revenue and profit [3]
恒帅股份(300969) - 投资者关系活动记录表