Group 1: Company Overview and Business Focus - Sichuan Chuanhuan Technology Co., Ltd. is focused on providing a diverse range of automotive pipeline systems, including fuel systems, cooling systems, and brake systems, often referred to as a "supermarket for automotive hoses" [6] - The company has established partnerships with major electric vehicle manufacturers such as BYD, GAC Aion, and Geely, indicating a strong presence in the new energy vehicle sector [5] - The company aims to expand its market share in the automotive industry, particularly in cooling and fuel systems, while also diversifying into energy storage systems [7] Group 2: Competitive Advantages - The company possesses a wide customer base, primarily focusing on domestic brands, which enhances its resilience against market risks [6] - It has a strong capability for integrated supply, producing both rubber and nylon pipelines, which provides a competitive edge over suppliers that specialize in only one type [7] - The company has developed independent core technologies and holds multiple national key new product certifications, enhancing its ability to meet diverse customer needs [7] Group 3: Financial Performance and Projections - Recent years have seen a decline in gross and net profit margins, primarily due to rising raw material costs and industry-wide pricing pressures [9] - The company is implementing measures such as technological innovation and process optimization to recover profit margins to previous levels [9] - Current financial health is robust, with low debt levels and sufficient cash flow, indicating no immediate need for external financing [9] Group 4: Future Plans and Market Strategy - The company plans to enhance its product diversity and increase market share in various automotive pipeline systems, including turbocharger and air conditioning pipelines [7] - It aims to leverage its strengths in the energy storage market, establishing partnerships with companies like BYD and Yingjie Electric to accelerate growth in this sector [8] - The new factory construction is progressing well, with an expected production capacity of approximately 800-1000 million yuan, which will support future growth [8]

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 | | ...

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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， | | ...