Group 1 - The core product of the company, the turbine casing, is primarily used in traditional fuel vehicles and hybrid cars [1] - This product is a significant component of the company's revenue [1] - In 2024, the turbine casing will be recognized as a champion product in manufacturing by the Ministry of Industry and Information Technology of China [1]

Core Viewpoint - The company, Feilong Co., Ltd. (002536.SZ), is primarily supplying products such as turbine housings, exhaust manifolds, mechanical water pumps, and electronic pumps to overseas markets, indicating a strong international presence in its product offerings [1] Group 1 - The main products supplied by the company to overseas markets include turbine housings, exhaust manifolds, mechanical water pumps, and electronic pumps [1] - The company has over 50 major overseas clients, including well-known names such as BorgWarner, Cummins, Garrett, Ford, Vovlo, Daimler, General Motors, and Vietnam's VINFAST [1]

Core Viewpoint - Feilong Co., Ltd. is actively expanding its liquid cooling business, with a focus on both domestic and international markets, particularly through partnerships in Taiwan [1] Group 1: Business Development - The company has established relationships with 80 major clients in the liquid cooling sector [1] - Over 120 projects are currently in progress, with some already in mass production [1] Group 2: Market Expansion - While solidifying its domestic market presence, the company is also working to expand its overseas server liquid cooling market through clients in Taiwan [1]

Core Viewpoint - The company has adopted a platform-based, lineage-based, and customized development strategy for its liquid cooling pump series products, enhancing its technological leadership in the industry [1] Group 1 - The company has successfully increased the maximum power of its electronic pumps to 40 kW through continuous technological advancements [1]

格隆汇8月12日丨飞龙股份(002536.SZ)于近期投资者关系活动表示，目前公司液冷领域现有4条生产 线，预计每年产能最高可达120万只。 ...

Core Viewpoint - The company, Feilong Co., Ltd. (002536.SZ), is primarily supplying products such as turbine housings, exhaust manifolds, mechanical water pumps, and electronic pumps to overseas markets, indicating a strong international presence in its product offerings [1] Group 1 - The main products supplied by the company to overseas markets include turbine housings, exhaust manifolds, mechanical water pumps, and electronic pumps [1] - The company has over 50 major overseas clients, including well-known names such as BorgWarner, Cummins, Garrett, Ford, Vovlo, Daimler, General Motors, and Vietnam's VINFAST [1]

格隆汇8月12日丨飞龙股份(002536.SZ)于近期投资者关系活动表示，目前公司液冷领域主要客户及建立 联系的达80家，有超120个项目正在进行中，部分项目已经量产。另外，公司在稳固国内市场的同时， 正积极通过中国台湾地区客户拓展海外服务器液冷市场，持续扩大业务版图。 ...

Group 1 - The company expects a significant increase in net profit for the first half of 2023, projecting a range of 130 million to 150 million yuan, representing a year-on-year growth of 440.43% to 523.57% [1] - The increase in profit is attributed to a rise in orders, higher export revenue, and a substantial growth in operating income compared to the same period last year [1] - The company has seen a rapid increase in the penetration rate of turbochargers and a surge in hybrid vehicle production, contributing to steady growth in turbocharger housing products [1] Group 2 - The company is focusing on the development of new energy thermal management products, which have seen rapid growth, particularly in the context of the expanding new energy vehicle market [2] - The automotive industry has shown strong recovery, with a 14.2% year-on-year increase in industrial added value for the automotive manufacturing sector from January to May 2023, significantly outpacing the overall industrial growth [2] - The company is actively expanding its business into civilian sectors, with over 40 ongoing projects in areas such as 5G base stations, agricultural machinery, and renewable energy storage [2] Group 3 - The automotive parts manufacturing industry is facing both opportunities and challenges, with the rapid growth of new energy vehicles and storage creating new demand for components [3] - The traditional parts market remains highly competitive, necessitating continuous investment from companies to maintain competitiveness [3]

Group 1 - A total of 24 automotive parts listed companies in A-shares have released their performance forecasts for the first three quarters, with 18 companies expecting positive results [1] - Six companies, including Wan'an Technology and Feilong Co., are projected to have a net profit growth rate exceeding 100% year-on-year, driven by sufficient orders and strong sales of core products [1] - Feilong Co. anticipates a net profit of 205 million to 230 million yuan for the first three quarters, representing a year-on-year increase of 252.82% to 295.84%, attributed to increased export revenue and substantial growth in operating income [1] Group 2 - The overall profitability of parts manufacturers is increasing due to the rising sales scale in the automotive market, with domestic car sales hitting new highs from June to September [2] - In the first three quarters, China's automotive production and sales reached 21.075 million and 21.069 million units, respectively, marking year-on-year growth of 7.3% and 8.2% [2] - The electric and intelligent transformation in the automotive industry is expected to further boost consumer policies, leading to significant growth in the market for automotive parts, especially in the fields of new energy and intelligent connected vehicles [2]

Core Viewpoint - The company expects revenue improvement in the second half of 2025 driven by new overseas projects, growth in orders for integrated modules for new energy vehicles, and increasing sales of liquid cooling products [1] Group 1: Revenue Drivers - New overseas projects are gradually ramping up [1] - Orders for integrated modules in the new energy vehicle sector are increasing [1] - The company's liquid cooling product line is expected to see gradual growth [1] Group 2: Liquid Cooling Product Details - The liquid cooling product line primarily consists of electronic pump series and temperature control valve series, with plans to expand into temperature control modules [1] - The company currently has four production lines for liquid cooling products, with an annual capacity of up to 1.2 million units [1] - The company has established connections with 80 major clients and is involved in over 120 ongoing projects, some of which have already entered mass production [1]