Group 1: Investor Relations Activity - The investor relations activity was conducted as an online meeting on February 11, 2025, with participation from various securities and asset management companies [3][4]. - The meeting was led by the company's board secretary, Zhao Xin, who provided an overview of the company's situation and addressed investor inquiries [4]. Group 2: Company Development and Market Outlook - The company has established a subsidiary, Zhixin Xiatian (Vietnam) Co., Ltd., in 2024 to better serve international clients in Japan and Southeast Asia, with production expected to commence in the first half of 2025 [4]. - The main products are connector cable assemblies, which are primarily used in consumer electronics, automotive, and new energy sectors, contributing to approximately 90% of the company's main business revenue [5]. - In the first three quarters of 2024, the company's revenue from connector cable assemblies reached CNY 1.54 billion in consumer electronics and CNY 1.96 billion in automotive and new energy sectors, reflecting a balanced development [5]. Group 3: Market Growth Projections - The company anticipates a 4.7% growth in total automobile sales in China for 2025, with expected sales of 32.9 million vehicles, including 28.9 million passenger vehicles (up 4.9%) and 1.6 million new energy vehicles (up 24.4%) [6]. - The company is optimistic about the potential market opportunities arising from new technologies and product updates in the consumer electronics sector, particularly following the CES exhibition [6]. Group 4: Financial Performance and Profitability - The company's gross margin for the first three quarters of 2024 was approximately 13.58%, showing a slight decrease compared to 2023, but maintaining stability [7]. - Plans for 2025 include improving gross margins through enhanced automation, optimized production processes, and reduced material and product loss [7].
智新电子(837212) - 投资者关系活动记录表