Group 1: Company Overview - Sichuan Chuanhuan Technology Co., Ltd. is involved in the production of pipeline systems for various automotive applications [2] - The company has established partnerships with major clients in the new energy vehicle sector, including BYD, GAC Aion, and others [3][4] Group 2: Market Insights - The total sales volume of automobiles in China is projected to reach 27.6 million units in 2023, with a year-on-year growth of 3% [3] - New energy vehicle sales are expected to hit 9 million units in 2023, reflecting a significant year-on-year growth of 35% [3] - By 2035, it is anticipated that new energy vehicles will account for 50% of total vehicle sales in China [3] Group 3: Product Development and Client Engagement - The company has secured contracts for turbocharger and cooling pipeline systems with Li Auto [4] - Chuanhuan Technology has been a strategic supplier for various models of BYD, including the Dynasty series and Ocean series [3][4] - The company is actively involved in the development of pipeline systems for traditional automakers transitioning to new energy vehicles, such as Changan and Geely [4] Group 4: Production Capacity and Infrastructure - The new factory's workshops 101 and 102 are operational, with ongoing capacity ramp-up [5] - Workshop 103 is approximately 90% complete, while workshop 104 is about 50% finished [5] Group 5: Product Value and Market Position - The value of pipeline systems varies: traditional fuel vehicles range from 200-400 RMB, pure electric systems from 400-600 RMB, and hybrid systems from 800-1000 RMB, with some designs reaching up to 1200 RMB [4] - The company has a competitive edge in producing both rubber and nylon pipeline systems, catering to diverse automotive design requirements [5]

Group 1: Business Development - The company has maintained a strong focus on the automotive rubber hose sector, leveraging its technical and business advantages to meet the national VI emission standards, with products now supplied to major domestic automotive manufacturers and some new energy vehicle companies [2][3] - The company is actively involved in the localization of automotive parts, collaborating with manufacturers to replace imported products [3] Group 2: Research and Development - The company invests over 3% of its annual revenue into R&D, emphasizing technological advancement as a key driver for growth [4] - Ongoing R&D projects are expected to maintain or increase the current high level of investment, which is crucial for sustaining competitive advantages [4] Group 3: Order Status and Production - Since resuming operations in late February, the company has seen a steady recovery in orders, surpassing the same period last year, and is operating at full capacity to ensure timely delivery of products [3] Group 4: International Market Expansion - The company has successfully entered the global procurement systems of major automotive brands such as Ford and Valeo, enhancing its brand influence internationally [4] - Despite challenges posed by the COVID-19 pandemic, the company is utilizing online communication to maintain customer relations, with expectations for a return to rapid growth in international business post-pandemic [4] Group 5: Mergers and Acquisitions - The company is open to pursuing mergers and acquisitions to accelerate market penetration, prioritizing targets within the same industry or those with high relevance in the supply chain [4]

编号：2021-004 证券代码：300547 证券简称：川环科技 四川川环科技股份有限公司 2021 年 12 月 24 日投资者关系活动记录表 | --- | --- | --- | |-----------------------------|------------------------------------|-------------------------------------------------------------------------------------------------------| | | √特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | 类别 | √现场参观 | | | | □其他 （请文字说明其他活动内容） | | | 参与单位名称及 | 中信证券 李鹞；东吴证券 | 杨博琳；中融基金 孙志东、王可 | | 人员姓名 | 汗；真科基金 | 罗志弘；宝盈基金 李巍宇。 | | | | | | 时 间 | 上午 9：30 分 | | | 地 点 | 公司二楼会议室 | | ...

编号：2021-005 证券代码：300547 证券简称：川环科技 四川川环科技股份有限公司 2021 年 12 月 30 日投资者关系活动记录表 √特定对象调研 □分析师会议 | --- | --- | --- | --- | |-------------------------|----------------------------|----------------------------------------------|------------------------------------------------------| | | | | | | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | | 类别 | □现场参观 | | | | | □其他 | （请文字说明其他活动内容） | | | 参与单位名称及 人员姓名 | 长城证券 | 王仕宏，中欧基金 | 范适 | | 时 间 | 下午 15：00 分 | | | | 地 点 | 腾讯电话会议 | | | | 上市公司接待人 | | 董事/董秘：张富厚 副总经理：罗丰友 | | | 员姓 ...

证券代码：300547 证券简称：川环科技 四川川环科技股份有限公司 2021 年 12 月 14 日投资者关系活动记录表 编号：2021-001 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|-----------------------------------------------------------------------------|-------------|--------------------------------------------------|-------|-------|-------|-------|-------| | | √特定对象调研 □分析师会议 | | | | | | | | | | □媒体采访 □业绩说明会 | | | | | | | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | | | | | | | 类别 | √现场参观 | | | | | | | | | | □其他 （请文字说明其他活动内容） | | | | | | | | | 参与 ...

证券代码：300547 证券简称：川环科技 四川川环科技股份有限公司 2021 年 12 月 16 日投资者关系活动记录表 编号：2021-003 | --- | --- | --- | |-------------------------|--------------------------------------|-----------------------------------------------------------------------------------------------------------| | | | | | | √特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | 类别 | □现场参观 | | | | □其他 （请文字说明其他活动内容） | | | | | 华泰证券：陈小亮；赋格投资：张东东、陈派卿、朱明瑞、 | | 参与单位名称及 人员姓名 | 嘉谟投资：钱喆 | 李太山；青骊资产：吴洋、徐成尚；禾其投资：王祥麒；朴 新投资：方智；龙蟒集团：吴灿；上海楷沣资产：江崇义， | | ...

Group 1: Company Overview and Market Position - Sichuan Chuanhuan Technology Co., Ltd. is focusing on the production of rubber hoses for both traditional fuel vehicles and new energy vehicles (NEVs) [2] - The company has shifted from a reliance on fuel system hoses (70% of revenue) to increasing orders from the NEV sector due to the growing market demand [4][5] - Major clients include SAIC-GM Wuling, Geely, Changan, and Dongfeng, with a broad customer base across both domestic and joint venture brands [4] Group 2: Product and Technology Insights - The value of hoses used in NEVs is approximately 2-3 times higher than that of traditional fuel vehicles [3] - NEVs have more complex cooling systems, leading to an increase in the number of hoses required compared to fuel vehicles [3] - The company emphasizes technological barriers in hose production, focusing on material composite, lightweight design, and green recycling [3] Group 3: Financial Performance and Projections - The gross margin has declined by over 3 percentage points primarily due to significant increases in raw material costs [5] - The new factory is expected to add an annual production capacity of approximately 300-500 million yuan once operational by March 2022 [5] - The company is implementing cost control measures and transitioning some outsourced components to in-house production to mitigate rising costs [5]

Key Clients and Partnerships - Key clients in the new energy vehicle (NEV) sector include BYD, GAC Aion, Wuling Mini, NIO, BAIC Arcfox, Changan New Energy, Seres, WM Motor, Li Auto, Lynk & Co, Zeekr, and Dongfeng Voyah [1] - The company is actively involved in the development of BYD's NEV models such as Dolphin, Yuan, Qin, Han, and Song, covering both hybrid and pure electric models [1] - The company plans to strengthen cooperation with BYD and participate in the synchronous development of next-generation and facelifted models [2] Product and Market Advantages - The company provides comprehensive solutions for different models and configurations, covering fuel system hoses, cooling system hoses, brake system hoses, power steering hoses, and more [2] - The company's products are applicable to NEV fields including thermal management system pipelines, battery pack system pipelines, and extended-range power system pipelines [2] - The company can participate in the synchronous development of pipelines with automakers, leveraging years of experience to accelerate development progress [2] - The company has 8 national key new products, including the "Hybrid New Energy Vehicle Engine Fuel Pipeline System," and has formulated national standards, ensuring a strong competitive edge [4] Market Trends and Opportunities - The NEV market is a significant growth area, with the company focusing on increasing its market share in this sector [3] - The company sees the rapid development of NEVs as an opportunity to overtake competitors, especially in the context of traditional and new energy vehicle manufacturers [3] - The company expects to benefit from the trend of providing integrated and modular products, reducing assembly processes and saving time costs [3] Financial and Operational Insights - The company's profitability is supported by its core technology in product R&D and production, as well as its ability to provide integrated and modular products [4] - The company does not sell semi-finished rubber materials externally, as they are used exclusively for internal production [4] Technical and Product Differentiation - NEV pipeline systems are more complex and modular compared to traditional fuel vehicles, with pure electric vehicles using 20-35 sets of pipelines and hybrid vehicles using 40-50 sets [3] - The value of NEV pipeline systems per vehicle can reach around 800 RMB, with some exceeding 1000 RMB [3]

证券代码：300547 证券简称：川环科技 四川川环科技股份有限公司 2022 年 1 月 19 日投资者关系活动记录表 编号：2022-003 | --- | --- | --- | --- | |-------------------------|---------------------------|----------------------------|----------------------------------------------------------------| | | | | | | | √特定对象调研 □分析师会议 | | | | | □媒体采访 | □业绩说明会 | | | 投资者关系活动 | □新闻发布会 □路演活动 | | | | 类别 | □现场参观 | | | | | □其他 | （请文字说明其他活动内容） | | | 参与单位名称及 人员姓名 | 紫欣基金：贾孟浩、苏智 | | | | | | | | | | | | | | 时 间 | 下午 15：15 分 | | | | 地 点 | 腾讯电话会议 | | | | 上市公司接待人 员姓名 | 董事/董秘：张富厚 ...

证券代码：300547 证券简称：川环科技 编号：2022-002 四川川环科技股份有限公司 2022 年 1 月 18 日投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | √特定对象调研 □分析师会议 | | | | □媒体采访 | □业绩说明会 | | 投资者关系活动 | □新闻发布会 □路演活动 | | | 类别 | □现场参观 | | | | □其他 （请文字说明其他活动内容） | | | | | 国信证券：唐旭霞、戴仕远；国信证券：欧阳仕华；华泰证 | | 参与单位名称及 | 生加银基金：赵洁； | 券：张端锋；中融基金：孙志东、甘传琦、吴刚 ...