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Zhejiang Rongtai's performance growth has significantly accelerated the gathering of institutions to conduct on-the-spot research on the Social Security Fund. According to the Securities Times News, the income amount and share of thermal runaway protective insulation parts of new energy vehicles continue to rise. Help Zhejiang Rongtai (603119) to achieve good performance and continue to increase after listingCandycrushsagagame...

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Zhejiang Rongtai performance growth significantly accelerated institutions gather field research social security fund newly entered the top ten circulating shareholders Securities Times News, new energy vehicle thermal runaway protection insulation income amount and share continue to rise, help Zhejiang Rongtai (603119) after the listing of good performance and continue to accelerate, 2023 annual report and 2024 quarterly report company net profit increased by 28.43%, 51.09% year-on-year. Institutional investors have moved on to the company.CandycrushsagagameBe "sincere". From March 1 to March 22, the company disclosed its annual report a month ago, including Boshi Fund, King Asset Management and other large institutional investors gathered in field research companies. The company's quarterly report in 2024 shows that the national social security fund 103 portfolio and 501 portfolio, Boshi value growth securities investment fund ranked second to fourth among the top 10 tradable shareholders of the company. Persisting in innovation and continuous R & D investment in 2023, Zhejiang Rongtai achieved an operating income of about 800 million yuan, an increase of 19.89 percent over the same period last year, and a net profit of 172 million yuan belonging to shareholders of listed companies, an increase of 28.43 percent over the same period last year. Among them, Zhejiang Rongtai New Energy vehicle thermal runaway protection insulation income of 575 million yuan, an increase of 22.39% over the same period last year, accounting for 71.81% of business income, which is the main source of revenue and profit of the company. In the first quarter of 2024, the growth rate of Zhejiang Rongtai's performance increased significantly, with operating income and net profit of 215 million yuan and 46.8336 million yuan respectively, an increase of 40.38% and 51.09% over the same period last year. Zhejiang Rongtai disclosed that the substantial increase in net profit was mainly due to the increase in sales in the current period. New energy vehicle industry is a new field of application of high temperature resistant insulating mica materials. as a leading enterprise in this field, Zhejiang Rongtai products have a strong competitive advantage and have been widely used in the world's well-known new energy vehicle brands. The company's main customers include Tesla, Volkswagen, BMW, Mercedes-Benz, Volvo, SAIC, FAW, Geely and other global or domestic well-known automakers and the global power battery leader Ningde Times. For the key operation in 2023, Zhejiang Rongtai disclosed from many angles, such as ploughing customers in key industries, actively arranging domestic and foreign production bases, continuously improving the level of lean manufacturing, persisting in innovation and sustainable R & D investment, and so on. On the one hand, Zhejiang Rongtai actively distributes domestic and foreign production bases. In 2023, in order to meet the business development needs of Hunan Rongtai, a wholly-owned subsidiary, the company has invested in the construction of an annual production project of 15000 tons of mica products for new energy. In addition, Rongtai of Singapore provides supporting services for overseas customers. Rongtai of Vietnam, as the company's overseas production base of new energy auto parts, has been put into use. Zhejiang Rongtai said that it will continue to build branches and production bases at home and abroad according to customer demand, and actively participate in the global market competition. On the other hand, Zhejiang Rongtai insists on innovative research and development, and the company's products expand from thermal runaway protective insulators of new energy vehicles to non-mica products such as new lightweight safety structures. the field of application extends from new energy passenger vehicles to energy storage, new energy commercial vehicles and other electrified fields. In 2023, Zhejiang Rongtai spent 45.1065 million yuan on R & D, accounting for 5.64% of business income, which remained at a high level. A month before the five batches of institutions' annual reports gathered, the Shanghai Stock Exchange e interactive platform showed that a month before the disclosure of Zhejiang Rongtai Annual report, there were as many as five batches of institutions' field research companies from March 1 to 22, indicating that the institutions paid extremely high attention to the company. The large number of new social security funds and fund shareholders in the quarterly report of 2024 show that the organization is "sincere" to the company. On March 6 and 7, 12 research companies including Boshi Fund, China Europe Fund and Tianhong Fund, Zhejiang Rongtai Chairman Cao Meisheng, Director GE Tairong, General Manager Zheng Minmin and Financial Director and Board Secretary Jing Fei received the research. The organization mainly pays attention to the company's future business development plan, the situation of the company's foreign subsidiaries and whether other production bases are planned, as well as the company's new products and customer introduction. Zhejiang Rongtai said that the company continues to enhance its innovation capability, strengthen its independent core technology reserve, explore more application scenarios in new energy vehicles, energy storage and other fields, and launch new materials, new products and new technologies such as new lightweight safety structures to meet customer needs, so as to create the company's unique competitive advantage. Through new production equipment and supporting facilities, the company continues to effectively enhance the overall production capacity of the company's new energy vehicle thermal runaway protection insulators and new lightweight safety structures, which is conducive to the company's better development of new customers. On March 11, 12 and 22, more than 10 fund companies and securities firms investigated Rongtai, Zhejiang Province. The organization pays close attention to Zhejiang Rongtai's current on-hand orders and the proportion of foreign orders. Zhejiang Rongtai said that according to the statistics of designated projects announced by the company, the sales amount of designated projects disclosed by the company so far is expected to be about 92.38-9.963 billion yuan, of which foreign orders account for a relatively large number, and the specific proportion has not been counted. With regard to the raw materials and price fluctuations of Zhejiang Rongtai products, the company explained that the main raw materials of the products include mica ore, silicone glue, foam tape and so on. The purchase price of raw materials will fluctuate to a certain extent due to the relationship between supply and demand in the downstream market. The company's purchase of mica ore mainly comes from imports, and it will also be affected by exchange rate changes and freight increases. The company will actively take effective measures to reduce the impact of raw material price fluctuations on business. (Li Ping) proofread: Liao Shengchao