SIASUN(300024)2025-04-15 14:30Summary of Conference Call Company and Industry Involved - The conference call primarily focused on Xiaopeng Motors and its supply chain, as well as the automotive and robotics industries. - Key companies mentioned include Guangdong Hongtu, Bojun Technology, and Xiaomi. Core Points and Arguments 1. Xiaopeng Motors Production Forecast: Xiaopeng Motors is expected to produce approximately 500,000 vehicles this year and 800,000 vehicles next year, with significant new models anticipated [2][3]. 2. Recommendations for Suppliers: The call recommended Guangdong Hongtu and Bojun Technology as key suppliers for Xiaopeng Motors due to their strong business capabilities and competitive advantages [2][3]. 3. Guangdong Hongtu's Role: Guangdong Hongtu has established a deep partnership with Xiaopeng, providing critical components for various models, including the X9 and G9, with a unit price around 3,000 to 4,000 RMB [3][4]. 4. Bojun Technology's Potential: Bojun Technology is highlighted as an undervalued supplier for Xiaopeng's M03 model, with a unit contribution of approximately 3,500 RMB per vehicle. The company is expected to generate around 800 million RMB in revenue this year [7][8]. 5. Overall Revenue Growth: The overall revenue for the company is projected to grow by 20% this year, driven by partnerships with major clients like BYD and Geely, contributing an additional 2 billion RMB [5][6]. 6. Focus on Robotics: The company is actively involved in robotics development, collaborating with Xiaopeng on various projects, including aluminum and lead alloy components [4][9]. 7. Market Positioning: The company is positioned to benefit from the growing demand in the automotive sector, particularly with Xiaopeng's increasing production and model diversity [8][10]. Other Important but Possibly Overlooked Content 1. Client Structure Transformation: The company is undergoing a significant transformation in its client structure, which is expected to enhance its growth prospects [6]. 2. Long-term Partnerships: The call emphasized the importance of long-term partnerships with clients like Xiaopeng, which could lead to sustained revenue growth and product development opportunities [10]. 3. Investment Opportunities: The conference highlighted potential investment opportunities in the automotive supply chain, particularly in companies like Guangdong Hongtu and Bojun Technology, which are seen as undervalued in the current market [8][9].