Sinexcel Electric(300693)2024-12-12 10:41Group 1: Company Performance and Financials - The company's revenue from electric vehicle charging equipment reached approximately CNY 859 million in 2024, representing a 45% year-on-year growth [4] - As of October 31, 2024, the company completed a share repurchase of 753,150 shares, accounting for 0.2435% of the total share capital, with a total transaction amount of CNY 20,980,784.51 [2] - The company's net profit for the first three quarters of 2024 is expected to decline due to changes in sales structure and increased management costs [3] Group 2: Strategic Plans and Market Position - The company plans to focus on four main business segments: industrial power supply, electric vehicle charging services, new energy power conversion equipment, and battery formation and testing equipment [3] - The company is ranked fourth in global energy storage PCS shipments among Chinese enterprises according to CNESA [4] - The company has no current plans for mergers or acquisitions, but will disclose any future plans as required [2] Group 3: Market Trends and Challenges - The domestic energy storage industry is expected to face price competition in the short term, but with technological advancements and policy support, a healthier development path is anticipated [5] - The demand for charging stations remains strong due to the rapid development of the domestic new energy vehicle market [4] - The company is actively expanding its overseas market presence as part of its strategic growth plan [4]