The main business of Kexinyuan Company is polymer materials business and thermal management system business, of which the polymer materials business is mainly implemented by the company, Wuxi Kuncheng, a holding subsidiary of the company, and Wuhu Xianglu, a holding subsidiary of the company, and the thermal management system business is implemented by the company's holding subsidiary Ruitek.
At present, the company's products can be used in communications, electric power, automobiles, home appliances, new energy, data centers and other business fields. Among them, in the field of communication business, the company has established business cooperation with major domestic and foreign communication equipment manufacturers such as Huawei, ZTE and Ericsson, and has directly or indirectly established business cooperation with operators such as China Mobile, China Telecom and China Unicom. In the field of power business, relying on continuous investment and innovation in the field of core material technology, the company now has three product lines of electrical maintenance, cable connection and fire blocking, which have been applied to the construction of State Grid, China Southern Power Grid and Thailand Power Grid, and are well received by customers; In the field of new energy, the subsidiary Ruitek has entered the first-class business system of a number of industry-leading power battery manufacturers and integrators, including leading power battery manufacturers, Sunwoda, Honeycomb Energy, EVE Lithium Energy, Shandong Electrician, TBEA, Kelu Electronics, Zhongtian Technology, etc.
The company expects operating income of 5400 million yuan to 600 million yuan, a year-on-year increase of 379% to 1532%；It is estimated that the net profit attributable to the parent company will be 18.5 million yuan to 27.5 million yuan, a year-on-year increase of 16926% to 20295%。In 2023, the company will actively respond to changes in the external environment, increase market development efforts and continue to increase market share on the basis of consolidating strategic cooperation with customers, among which the company's automotive sealing business revenue in the field of polymer materials will increase significantly in 2023. On the other hand, in 2023, the company will continue to promote the work of "reducing costs and increasing efficiency", continuously carry out management innovation and process optimization, and effectively control various expenses, and the company's profitability will continue to improve. Xianglong celebrates the New Year and posts to win prizes