Subsidiary of Chuzhou Duoli Automotive Technology (001311.SZ) wins contracted projects from clients, with expected total sales amounting to around 1.2-1.4 billion yuan.
18/11/2024
GMT Eight
Chuzhou Duoli Automotive Technology (001311.SZ) announced that its wholly-owned subsidiary, Kunshan Daya Automotive Parts Co., Ltd. (referred to as "Kunshan Daya"), recently received designated notifications from two leading domestic new energy automobile manufacturers (unable to disclose their names due to confidentiality agreements, collectively referred to as "customers"), confirming Kunshan Daya as the supplier of integrated die-cast parts for the customers' new projects. According to the customers' plans, the above projects are expected to start mass production in 2026, with an estimated total sales amount of about 1.2-1.4 billion yuan during the project lifecycle.
This project designation reflects customers' recognition of the company's comprehensive strength and expertise in the field of integrated die-casting, which will help the company improve its product structure and enhance market competitiveness. After mass production of the project, the company will confirm the revenue for the year based on the actual orders from customers, which will have a positive impact on the company's future operational performance. It is expected that this project designation will not have a significant impact on the company's performance for the current year.