Futetech (301607.SZ): Focused on products for autos on-board power supply.

Gelonghui, May 8 - Futubull Technology (301607.SZ) stated in its investor relations that since its establishment, the company has been expanding its Business around the application scenarios of Battery charging and discharging, focusing on Automotive power supply products for New energy. In recent years, leveraging the technology and experience accumulated from the automotive business, it has gradually extended its non-automotive Business, developing products such as the Asia Vets Direct Current Charging Station power module and the liquid-cooled ultra-fast charging station power module, thereby enhancing the overall Operation capacity of the company under conditions of high resource reusability. At the same time, in recent years, the functionality of automotive products has also gradually expanded, incorporating features like V2L, V2V, and V2G discharging capabilities.

Gelonghui FinanceMay 8 20:24

Futubull Technology (301607.SZ): The fluctuation of gross margin is mainly influenced by the dual transmission effects of annual decline and supply chain costs.

On May 8, Gelonghui reported that Futek Technology (301607.SZ) stated in its investor relations that the fluctuations in gross margin are mainly affected by the dual transmission of annual reduction and supply chain costs. In recent years, the market competition in the New energy Fund industry has been very intense, and the end market pattern remains unclear. Many auto companies are facing survival pressure and have introduced incentive models such as "more features without increasing the price" and "subsidies from auto companies." This kind of price war will gradually transmit the impact on costs along the Industry Chain, hence the company's overall gross margin level has slightly decreased. In response to the intensified competition, the company will continue to deepen strategies for cost reduction through Technology and supply chain collaboration, ensuring that the gross margin remains stable within a reasonable range.

Gelonghui FinanceMay 8 20:23

Futubull Technology (301607.SZ): The company has applied multiple mass production projects using third-generation wide bandgap Semiconductors.

On May 8th, Gelonghui reported that Futek Technology (301607.SZ) stated in its investor relations that the company has independently developed topology application technology based on third-generation wide bandgap Semiconductor materials Silicon Carbide (SiC), leveraging its high temperature resistance, high breakdown voltage, high switching speed, and low loss characteristics. This technology upgrades and optimizes the circuit topology, simplifies circuit structure design, and increases switching frequency, significantly enhancing the power density of the products. At the same time, the circuit design optimization has also reduced the number of components, achieving the goals of cost reduction and improving product quality reliability. As of now, multiple mass production projects of the company are underway.

Gelonghui FinanceMay 8 20:23

Futubull Technology (301607.SZ): In 2024, direct export revenue is expected to account for 6.8%, and the expansion of overseas Business has begun to show results.

On May 8, Gelonghui reported that Futeb Technology (301607.SZ) stated in its investor relations that, compared to the domestic market, the penetration of overseas New energy Fund vehicles is relatively slow, but the competitive landscape among automotive companies is relatively stable. Therefore, for the overseas market, the company focuses on international mainstream automotive manufacturers, intensifying efforts around existing overseas customers, amplifying the differentiated advantages of its own brand, and improving market share through customized products and solutions. In 2024, the proportion of revenue from direct exports is expected to reach 6.8%, showing initial results in the expansion of overseas business.

Gelonghui FinanceMay 8 20:22

Futubull Technology (301607.SZ): With the continuous expansion of the company's designated customer base, it is expected that the customer structure will continue to be optimized and improved.

On May 8, Gelonghui reported that Futec Technology (301607.SZ) stated in their investor relations that in 2024, the company's customer concentration has eased, with the sales amount of the top five customers accounting for 3.87% less of the revenue year-on-year. Among them, the sales amount of the first customer decreased from 56.15% in 2023 to 36.16% of the revenue, mainly benefiting from the orderly mass production of new customer projects. As the scale of the company's designated customers continues to expand, it is expected that the customer structure will continue to optimize and improve.

Gelonghui FinanceMay 8 20:21

Futec Technology (301607): Domestic and international new customers continue to expand, significantly increasing the proportion of overseas revenue.

In 2024, the company achieved a net profit attributable to shareholders of 0.095 billion yuan, meeting expectations. The company released the 2024 annual report and the 2025 first quarter report. In 2024, the company achieved revenue of 1.934 billion yuan, a year-on-year increase of 5.38%.

Open-source securities.Apr 24 00:00