Huada(603358)2023-11-29 07:34Group 1: Strategic Partnerships - The company has established a strategic partnership with Chery, providing component products for their vehicles [2] - The company has a long-standing relationship with Chang'an Automobile, supplying them with parts [3] - The company is exploring new customer resources to enhance development [2] Group 2: New Energy Projects - The board approved the construction of a new energy materials casting project on September 15, 2023, with the first phase expected to be completed by May 2024 [2] - Jiangsu Hengyi, a subsidiary, is actively developing key component innovations and has completed the industrialization of aluminum profile extrusion [3] Group 3: Market Position and Competitiveness - Jiangsu Hengyi has strong competitive advantages in the battery box tray business, supported by multiple proprietary technologies [3] - The company is expanding its production capacity in response to the growing demand in the new energy vehicle market [3] - The company is maintaining stable relationships with various joint venture brands and domestic independent brands [4] Group 4: Financial Performance - The company reported steady operational performance in the first three quarters of 2023, with significant revenue growth in the new energy vehicle components sector [4] - The company is implementing strategies to improve gross profit margins by expanding its customer base and reducing material costs through upstream integration [4] Group 5: Investment Activities - The company has invested in an intelligent connected vehicle industry fund, which has already funded two automotive-related projects [4] - The company is actively exploring new markets through its subsidiary, Shenzhen Yuntu, which has entered the supply chains of various manufacturers [4]