Core Viewpoint - The company is actively expanding its presence in the aerospace sector by providing high-strength aluminum alloy materials for various aircraft systems, contributing to the domestic aviation industry's self-sufficiency and modernization [1] Group 1: Company Developments - The company's aerospace products include hydraulic, braking, sealing, heat exchange, door, and seating systems made from high-strength aluminum alloys [1] - The company has received certification from aircraft manufacturers under China Aviation Industry Corporation and is now supplying products in bulk [1] - The company is involved in the development of new materials and the establishment of aviation quality management systems, as well as participating in the formulation of national industry standards [1] Group 2: Industry Impact - The company's efforts are aimed at meeting the demand for domestic substitutes for key component materials in the aerospace sector [1] - The company is committed to supporting the autonomous and controllable development process of China's aviation industry [1]

Core Viewpoint - Asia Pacific Technology has established itself as a significant supplier in the automotive thermal management system components and lightweight system materials sector, with a focus on innovation and market expansion in various high-growth industries [1] Group 1: Company Overview - The company was founded in 2001 and went public on the Shenzhen Stock Exchange in 2011 [1] - As of the end of the first half of 2025, the company's total assets reached 8.023 billion yuan [1] Group 2: Industry Position and Strategy - The company is a key player in the global automotive thermal management and lightweight materials market [1] - It has a competitive advantage in high-end aluminum alloy material import substitution, aluminum replacing copper, and aluminum replacing steel due to years of technological reserves and application experience [1] - The company aims to seize historical opportunities for transformation and development in sectors such as new energy vehicles, aerospace, industrial thermal management, and robotics [1]

Core Viewpoint - The company, Asia Pacific Technology, emphasizes its focus on thermal management systems, particularly in the automotive sector, while also expanding its capabilities to other industrial applications [1]. Group 1: Automotive Thermal Management - The company's products in the automotive thermal management sector include aluminum materials for cabin systems, such as air conditioning liquid cooling pipes, composite pipes, seamless pipes, microchannel pipes, flow control valve materials, expansion valves, liquid storage tanks, and heat pump materials [1]. - For automotive power systems, the company provides aluminum materials like condenser liquid cooling pipes, cylindrical battery liquid cooling pipes, square battery piano pipes, flow control valves, expansion valves, and connection materials [1]. - The company aims to meet the high demands of various automotive thermal management systems, especially liquid cooling systems, focusing on high heat dissipation efficiency, low leakage, high pressure resistance, high sealing, long lifespan, and lightweight materials [1]. Group 2: Broader Industrial Applications - Beyond automotive thermal management, the company is also supporting the upgrade and iteration needs in industrial thermal management fields such as household and commercial air conditioning, energy storage temperature control, and data centers [1]. - The focus in these areas is on achieving higher heat dissipation performance, more compact and lightweight designs, and improved cost structures [1].

Core Viewpoint - The company aims to leverage opportunities in high-end aluminum applications across various industries, including automotive, aerospace, marine engineering, and renewable energy, to become the largest supplier of lightweight alloy materials globally [1] Group 1: Strategic Focus - The company plans to expand its global market share while focusing on the domestic market [1] - It will enhance the production capacity of high-performance aluminum materials and develop comprehensive deep processing solutions [1] - The company is committed to building a more scientific governance structure to support long-term high-quality development [1] Group 2: Market Orientation - The company will focus on market trends and potential customer needs, emphasizing technological innovation [1] - Continuous optimization of product structure and core competitiveness is a priority [1] Group 3: Globalization and Sustainability - The company intends to optimize its production layout with a global perspective, positioning near green energy regions to shorten customer supply chains [1] - It aims to meet long-term sustainable development requirements [1] Group 4: Organizational Development - The company will optimize its organizational structure and build a talent reserve to support rapid growth [1] - It plans to leverage digitalization, automation, and intelligence to enhance management efficiency [1] Group 5: ESG Commitment - The company is dedicated to advancing ESG initiatives to build an environmentally friendly enterprise [1] - It will utilize the advantages of capital markets and its public company platform to strengthen its position in the industry transformation [1]

Summary of Asia Pacific Technology Conference Call Company Overview - **Company**: Asia Pacific Technology - **Industry**: Aluminum tubing for air conditioning and automotive applications Key Points and Arguments - **Product Development**: Asia Pacific Technology has achieved mass supply of aluminum tubes for air conditioning, particularly in high-end overseas markets, and is in the sample delivery phase with domestic manufacturers [2][4] - **Material Advantages**: Aluminum tubes offer lightweight and cost advantages over copper tubes. The company has made technological breakthroughs to enhance thermal conductivity and corrosion resistance, making aluminum performance comparable to copper [2][5] - **Market Acceptance**: Acceptance of all-aluminum heat exchangers is higher in overseas markets (Japan 40%-50%, Korea and Southeast Asia 30%-40%, USA 10%-20%), while domestic acceptance remains low. The company aims to change market perceptions through data and partnerships with major manufacturers [2][6] - **Cost Efficiency**: Using aluminum instead of copper can reduce the material cost for a single air conditioning unit by 70%-80%. For example, a unit that typically uses 9-10 kg of copper can use only about 3 kg of aluminum [2][11][12] - **Production Innovations**: The company has increased the stretching speed of aluminum from 40-80 meters per minute to 600-800 meters per minute, significantly lowering processing costs [2][14] Future Plans - **Collaboration and Education**: Asia Pacific Technology plans to strengthen partnerships with major air conditioning manufacturers, optimize material formulations, and engage in consumer education to accelerate the adoption of aluminum over copper [2][8] - **Market Strategy**: The company is focused on overcoming domestic skepticism towards aluminum by leveraging successful applications in the automotive sector and collaborating with established brands [2][7] Industry Dynamics - **Technological Transition**: The domestic market primarily uses internal threaded tubes, while international markets favor microchannel technology. The company is developing new processes to improve the performance and longevity of internal threaded tubes [2][10] - **Certification Process**: The company has undergone rigorous material development and certification processes, achieving a 95% localization rate in the automotive sector, which can serve as a model for the air conditioning market [2][19][20] Financial Outlook - **No Conversion Plans**: Asia Pacific Technology has no plans for stock conversion in the next six months, citing confidence in future growth and a solid financial position [3][22] Additional Achievements - **Aerospace Contributions**: The company supplies aluminum tubing for the entire Chinese economy's aircraft market, demonstrating its capability to meet stringent aerospace standards [2][23] - **Capacity Expansion**: The company plans to increase production capacity to 500,000 to 600,000 tons by 2026, with ongoing projects in Qinghai, Shenyang, and Europe [2][24] - **High-Speed Rail Applications**: Aluminum tubes produced by the company have been successfully used in high-speed rail projects, achieving standards comparable to aerospace applications [2][25]

Group 1 - The core viewpoint of the article highlights that Asia Pacific Technology (SZ 002540) will hold an investor meeting on December 24, 2025, where company representatives will address investor inquiries [1] - For the first half of 2025, the revenue composition of Asia Pacific Technology shows that aluminum products account for 96.64% of total revenue, while other businesses contribute 3.36% [1] - As of the report date, Asia Pacific Technology has a market capitalization of 8.5 billion yuan [1] Group 2 - The article also mentions Yang Lingjiang's acquisition of a leading domestic winery, raising questions about the potential relisting of 1919 [1] - There is a sense of urgency expressed regarding the achievement of a significant financial target, indicating that while many promises have been made, the goal of reaching a trillion has not yet been realized [1]

Company Overview - Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. was established in 2001 and listed on the Shenzhen Stock Exchange in 2011. As of mid-2025, the total assets reached CNY 8.023 billion [2] - The company is a key supplier in the automotive thermal management and lightweight system components materials sector, focusing on high-end aluminum alloy material import substitution and application experience [2] Production Capacity and Development - The company is actively expanding its production capacity in emerging fields such as new energy vehicles, aerospace, industrial thermal management, and robotics [3] - Key projects include: - Annual production of 2 million sets of high-strength aluminum system components for new energy vehicles - Annual production of 12 million lightweight high-performance aluminum profile components for automobiles - Annual production of 14,000 tons of high-efficiency, corrosion-resistant aluminum tubes for household air conditioning [3] Product Offerings Thermal Management - Products include aluminum materials for automotive cabin thermal management systems, such as air conditioning liquid cooling pipes, composite pipes, seamless pipes, and microchannel pipes [4] - The company also provides materials for automotive power system thermal management, meeting high efficiency, low leakage, high pressure resistance, and lightweight requirements [4] Aerospace - The aerospace product line includes high-strength aluminum alloys for aircraft hydraulic, braking, sealing, heat exchange, door, and seat systems [5] - The company has gained certification from major aircraft manufacturers, supporting the domestic aerospace industry's development [5] International Expansion - On July 29, 2025, the company approved the acquisition of 100% equity in Alunited France SAS and Alunited Denmark A/S for €1,533,000, with an additional capital increase of €1,467,000 for operational purposes [6] Profit Distribution - In 2025, the company distributed cash dividends of CNY 2.00 per 10 shares for the 2024 fiscal year, totaling CNY 247,154,648.60, and CNY 1.00 per 10 shares for the first half of 2025, totaling CNY 123,443,231.80 [7] Future Development Strategy - The company aims to capture opportunities in high-end aluminum applications in automotive, aerospace, marine engineering, new energy, and thermal management sectors [7] - Plans include enhancing production capacity, optimizing governance structures, focusing on market trends, and leveraging digitalization for management efficiency [7]

Core Viewpoint - The company, Asia Pacific Technology, is a significant supplier of aluminum materials in the automotive thermal management and lightweight sectors, focusing on high-performance aluminum alloy extrusion materials and components for various industrial applications [1] Group 1: Company Overview - Asia Pacific Technology is dedicated to providing high-strength, high-fatigue resistance, and high-corrosion resistance aluminum alloy extrusion materials and components [1] - The company has established a strong presence in high-end aluminum alloy material import substitution and has developed technologies for "aluminum replacing copper" and "aluminum replacing steel" [1] Group 2: Applications and Market Focus - The products of Asia Pacific Technology are widely used in automotive thermal management, aerospace, rail transportation, and also provide core corrosion-resistant aluminum alloy pipes for seawater desalination and liquefied natural gas (LNG) applications [1] - The company aims to continue focusing on market demand, enhancing material research and process innovation to strengthen its technical and market competitiveness in corrosion-resistant aluminum alloy pipes and other high-performance aluminum materials [1]

格隆汇12月18日丨亚太科技(002540.SZ)在互动平台表示，公司作为全球汽车热管理系统及轻量化领域 的重要铝材供应商，长期致力于为全球范围工业领域提供具有高强度、高抗疲劳、高耐腐蚀等综合性能 的中高端铝合金挤压材及部件的开发与制造。基于在高端铝合金材进口替代以及"铝代铜"、"铝代钢"方 面的技术积淀，公司产品已广泛应用于汽车热管理、航空航天、轨道交通等领域，同时还为海水淡化、 液化天然气领域提供核心的耐海水腐蚀铝合金管、"大型LNG绕管式换热器"用耐腐蚀铝换热管。面向未 来，公司将继续聚焦市场需求，深化材料研发与工艺创新，持续巩固并提升在耐腐蚀铝合金管材及其他 高性能铝材领域的技术与市场竞争力。 ...

Core Viewpoint - The company, Asia Pacific Technology (002540), has announced that its products are widely used in various sectors including automotive thermal management, aerospace, and rail transportation, as well as in seawater desalination and liquefied natural gas (LNG) applications [1] Group 1 - The company's products are extensively applied in automotive thermal management [1] - The company provides core corrosion-resistant aluminum alloy pipes for seawater desalination [1] - The company supplies corrosion-resistant aluminum heat exchange tubes for large LNG spiral heat exchangers [1]