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Shanghai Automobile Air-Conditioner Accessories (SHSE:603107) Might Be Having Difficulty Using Its Capital Effectively
Shanghai Automotive Parts (603107.SH): Actively layout new business areas such as integrated modules, hydrogen distribution pipes.
Gelonghui, November 12th: Shanghai Auto Parts (603107.SH) stated at the performance briefing that after more than 30 years of development, the company has accumulated a very high-quality customer base, serving these customers is the basis for the company's further development. At the same time, the company also closely monitors changes in the auto market. In the field of new products, the company actively lays out new business areas such as integrated modules, CO2 new refrigerant pipelines, and hydrogen distribution pipes. In addition, we also continue to monitor market dynamics, strive to develop new customers, continuously improve production processes, and are committed to providing customers with more comprehensive and cost-effective products.
Shanghai Auto Air Conditioning Parts Co., Ltd. Report for the Third Quarter of 2024
Shanghai Automotive Parts (603107.SH): The raised investment projects have gradually reached production, and the company's production capacity can meet customer demand.
On September 18, Shanghai Auto Parts (603107.SH) stated at the performance briefing that the company's production model is based on sales to determine production. After obtaining specific customer orders for specific projects, customers will issue production orders to the company according to their production plans and continue rolling. Currently, the company's customers include Volkswagen, General Motors, Toyota Motor, and other leading customers in the new energy automotive industry. In terms of production capacity, the company's investment and financing projects are being put into operation one after another, and the production capacity is able to meet customer demands. As for future expectations, the pressure from the industry continues to exist, but the company still has confidence in overcoming the pressure and striving for better results.
Impressive Earnings May Not Tell The Whole Story For Shanghai Automobile Air-Conditioner Accessories (SHSE:603107)
Shanghai Auto Air Conditioning Parts Co., Ltd. 2024 Semi-Annual Report
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