证券代码：301525 证券简称：儒竞科技 上海儒竞科技股份有限公司 2024年限制性股票激励计划 （草案） 上海儒竞科技股份有限公司 二〇二四年四月 声 明 本公司及全体董事、监事保证本公告内容及其摘要不存在任何虚假记载、误 导性陈述或重大遗漏，并对其内容的真实性、准确性、完整性依法承担法律责任。 本公司所有激励对象承诺，若公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或行使权益安排的，激励对象应当自相关 信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本次激励 计划所获得的全部利益返还公司。 2 特别提示 一、《上海儒竞科技股份有限公司 2024 年限制性股票激励计划（草案）》系 上海儒竞科技股份有限公司（以下简称"儒竞科技"、"公司"或"本公司"）依 据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激励管理 办法》《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》《深 圳证券交易所创业板股票上市规则》等有关法律、法规、规范性文件以及《上海 儒竞科技股份有限公司章程》的有关规定而制订。 二、本激励计划采取的激励工具为第二类限制性股 ...

证券代码：301525 证券简称：儒竞科技 公告编号：2024-021 上海儒竞科技股份有限公司 《上市公司股东大会规则》第三十一条、《公开征集上市公司股东权利管理暂 行规定》第三条规定的征集条件； 2． 截至本公告披露日，征集人未持有公司股份。 根据中国证券监督管理委员会（以下简称"中国证监会"）颁布的《上市公 司股权激励管理办法》（以下简称"《管理办法》"）及《公开征集上市公司股 东权利管理暂行规定》（以下简称"《暂行规定》"）的有关规定，上海儒竞科 技股份有限公司（以下简称"公司"）独立董事赵炎先生受其他独立董事的委托 作为征集人，就公司拟于 2024 年 5 月 30 日召开的 2023 年年度股东大会审议的 股权激励计划相关议案向公司全体股东征集委托投票权。现将本次公开征集委托 投票权的具体内容公告如下： 一、征集人的基本情况、对表决事项的表决意见及理由 （一）征集人基本情况 本次征集投票权的征集人为公司独立董事赵炎先生，其基本情况如下： 关于独立董事公开征集委托投票权的公告 独立董事赵炎先生保证向本公司提供的信息内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保 ...

德恒上海律师事务所 关于 上海儒竞科技股份有限公司 2024 年限制性股票激励计划（草案）的 法律意见 德恒上海律師事務所 DEHENG SHANGHAI LAW OFFICE 上海市虹口区东大名路501号上海白玉兰广场办公楼23层 Floor 23, Sinar Mas Plaza, No.501 East Da Ming Road,Shanghai 200080 | 释 义 2 | | --- | | 正 文 6 | | 一、公司实施本激励计划的主体资格 6 | | 二、本激励计划内容的合法合规性 7 | | 三、本激励计划实施程序的合法合规性 22 | | 四、本激励计划的信息披露 23 | | 五、公司未为本激励计划激励对象提供财务资助 24 | | 六、本激励计划对公司及全体股东利益的影响 24 | | 七、拟作为激励对象的董事或与其存在关联关系的董事的回避情况 24 | | 八、结论性意见 25 | 德恒上海律师事务所 关于上海儒竞科技股份有限公司 2024 年限制性股票激励计划（草案）的法律意见 释 义 在本《法律意见》内，除非文义另有所指，下列词语具有下述涵义： | 儒竞科技/公司/上市 | ...

证券代码：301525 证券简称：儒竞科技 上海儒竞科技股份有限公司 2024年限制性股票激励计划 （草案）摘要 上海儒竞科技股份有限公司 二〇二四年四月 声 明 本公司及全体董事、监事保证本公告内容及其摘要不存在任何虚假记载、误 导性陈述或重大遗漏，并对其内容的真实性、准确性、完整性依法承担法律责任。 本公司所有激励对象承诺，若公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或行使权益安排的，激励对象应当自相关 信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本次激励 计划所获得的全部利益返还公司。 2 特别提示 一、《上海儒竞科技股份有限公司 2024 年限制性股票激励计划（草案）》系 上海儒竞科技股份有限公司（以下简称"儒竞科技"、"公司"或"本公司"）依 据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激励管理 办法》《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》《深 圳证券交易所创业板股票上市规则》等有关法律、法规、规范性文件以及《上海 儒竞科技股份有限公司章程》的有关规定而制订。 二、本激励计划采取的激励工具为第二类限制 ...

2 | | （12）公司发生控制权变更、合并、分立、激励对象发生职务 | 是 | | --- | --- | --- | | | 变更、离职、死亡等事项时如何实施股权激励计划 | | | | （13）公司与激励对象各自的权利义务，相关纠纷或者争端解 决机制 | 是 | | | （14）上市公司有关股权激励计划相关信息披露文件不存在虚 | | | | 假记载、误导性陈述或者重大遗漏的承诺；激励对象有关披露 | | | | 文件存在虚假记载、误导性陈述或者重大遗漏导致不符合授予 | 是 | | | 权益或者行使权益情况下全部利益返还公司的承诺。上市公司 | | | | 权益回购注销和收益收回程序的触发标准和时点、回购价格和 | | | | 收益的计算原则、操作程序、完成期限等。 | | | | 绩效考核指标是否符合相关要求 | | | 22 | 是否包括公司业绩指标和激励对象个人绩效指标 | 是 | | 23 | 指标是否客观公开、清晰透明，符合公司的实际情况，是否有 | 是 | | | 利于促进公司竞争力的提升 | | | 24 | 以同行业可比公司相关指标作为对照依据的，选取的对照公司 | 不适用 | | | ...

注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票 均未超过公司股本总额的 1%，公司全部有效期内的激励计划所涉及的标的股票总数累计不 超过公司总股本的 20%； 上海儒竞科技股份有限公司 2024 年限制性股票激励计划首次授予激励对象名单 一、激励对象获授的限制性股票分配情况 本次激励计划授予的限制性股票的分配情况如下： | | | | | 获授的限制 | 占本激励计划涉 | 占本激励计划 | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 姓名 | 国籍 | 职务 | 性股票数量 | 及的限制性股票 | 公告日公司股 | | | | | | （万股） | 总数的比例 | 本总额的比例 | | 一、董事、高级管理人员 | | | | | | | | 1 | 雷淮刚 | 中国 | 董事长、总经理 | 45.00 | 19.09% | 0.48% | | 2 | 邱海陵 | 中国 | 董事、副总经理 | 7.00 | 2.97% | 0.07% | | 3 | 厉昊超 | 中国 | 财务总监、董事会 | 8.00 | 3.39% | ...

上海儒竞科技股份有限公司 2024 年限制性股票激励计划实施考核管理办法 为保证上海儒竞科技股份有限公司（以下简称"公司"）2024 年限制性股票 激励计划（以下简称"本激励计划"）的顺利实施，形成良好均衡的价值分配体 系，更好地激励在公司（含分子公司，下同）任职的董事、高级管理人员、中层 管理人员及核心员工诚信勤勉地开展工作，确保公司发展战略和经营目标的实现， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激励管 理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所创业板上市公 司自律监管指南第 1 号——业务办理》等有关法律、法规、规范性文件和《上海 儒竞科技股份有限公司章程》的有关规定，结合公司实际情况，特制订《上海儒 竞科技股份有限公司 2024 年限制性股票激励计划实施考核管理办法》（以下简称 "本办法"）。 一、考核目的 制定本办法的目的是加强公司股权激励计划执行的计划性，量化公司股权激 励计划设定的具体目标，促进激励对象考核管理的科学化、规范化、制度化，确 保实现公司股权激励计划的各项业绩指标；同时引导激励对象提高工作绩效，提 升工作能力，客观、公正评价员工的绩效和贡 ...

上海儒竞科技股份有限公司 年度募集资金存放与使用情况鉴证报告 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5-8, 12 and 23, Block A, UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-88879000 www.zhcpa.cn 年度募集资金存放与使用情况鉴证报告 目 灵 | | 页 次 | | --- | --- | | 一、年度募集资金存放与使用情况鉴证报告 | 1-2 | | 二、上海儒竞科技股份有限公司关于 2023 年度募集资金 | | | 存放与使用情况的专项报告 | 3-8 | 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5~8, 12 and 23, Block A, UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 中汇会鉴[20 ...

上海儒竞科技股份有限公司 2024 年第一季度报告 证券代码：301525 证券简称：儒竞科技 公告编号：2024-023 1 上海儒竞科技股份有限公司 2024 年第一季度报告 一、主要财务数据 上海儒竞科技股份有限公司 2024 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □是 否 (一) 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 口是 ☑否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | (%) | | 营业收入(元) | 293.904. 416. 36 | 359, 694, 820. 33 | -18.29% | | 归 ...

Financial Performance - Revenue for 2023 was RMB 1,544,551,385.54, a decrease of 4.28% compared to 2022[26] - Net profit attributable to shareholders in 2023 was RMB 216,378,428.17, an increase of 2.39% compared to 2022[26] - Operating cash flow in 2023 was RMB 80,795,267.70, a significant decrease of 66.99% compared to 2022[26] - Basic earnings per share in 2023 were RMB 2.75, a decrease of 8.03% compared to 2022[26] - Weighted average return on equity in 2023 was 14.01%, a decrease of 20.28 percentage points compared to 2022[26] - Total assets at the end of 2023 were RMB 3,951,469,491.15, an increase of 115.51% compared to the end of 2022[26] - Shareholders' equity at the end of 2023 was RMB 3,057,345,868.34, an increase of 323.34% compared to the end of 2022[26] - Revenue in Q4 2023 was RMB 341,507,724.96, the lowest among the four quarters[28] - Net profit attributable to shareholders in Q4 2023 was RMB 16,104,590.58, the lowest among the four quarters[28] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 43.41 million in 2023, compared to RMB 68.34 million in 2022 and RMB 83.93 million in 2021[29] - Net cash flow from operating activities was RMB -23.46 million in 2023, compared to RMB 19.90 million in 2022 and RMB 65.51 million in 2021[29] - Government subsidies received in 2023 amounted to RMB 5.96 million, down from RMB 8.18 million in 2022 and RMB 7.50 million in 2021[32] - Gains from financial assets and liabilities, including structured deposits, were RMB 6.67 million in 2023, compared to RMB 186,462.32 in 2021[32] - Total non-recurring gains and losses in 2023 were RMB 10.04 million, compared to RMB -4.40 million in 2022 and RMB 6.05 million in 2021[33] - Revenue for the reporting period was 1,544.55 million yuan, a decrease of 4.28% year-on-year, while net profit attributable to shareholders increased by 2.39% to 216.38 million yuan[73] - Revenue from the HVAC and refrigeration equipment sector decreased by 14.81% to 1,197.10 million yuan, while revenue from the new energy vehicle thermal management sector surged by 80.58% to 307.83 million yuan[73] - The gross profit margin for the new energy vehicle thermal management system increased by 4.72 percentage points to 25.50%[80] - Material costs for the Power Electronics sector decreased by 6.27% to 983,104,785 yuan in 2023, accounting for 85.00% of operating costs[82] - Labor costs increased by 5.55% to 91,834,307.8 yuan, representing 7.94% of operating costs[82] - Manufacturing expenses decreased by 12.37% to 81,656,055.4 yuan, making up 7.06% of operating costs[82] - Investment income was RMB 6,674,600.50, accounting for 2.63% of total profit, mainly from structured deposits[95] - The company's investment amount for the reporting period was 2,053,282,876.93, a 1,356.35% increase compared to the same period last year[101] - The company raised a total of 2,348,856,300 through its IPO, with a net amount of 2,148,169,500 after deducting issuance fees[106] - As of December 31, 2023, the cumulative amount invested in fundraising projects was 399,341,000, with 1,761,860,800 still unused[107] - The total amount of funds raised from the IPO is 2,348.86 million RMB, with a net amount of 2,148.17 million RMB after deducting issuance costs[110] - The company has invested 399.34 million RMB in committed projects, with 1,761.86 million RMB remaining unused as of December 31, 2023[111] - The new energy vehicle electronics and intelligent manufacturing industrial base project has an investment of 1,244.49 million RMB, with a progress rate of 23.76%[110] - The R&D testing center project has an investment of 158.09 million RMB and is expected to be completed by August 2026[110] - The company has invested a cumulative amount of 124.45 million yuan in the new industrial base project, accounting for 23.76% of the total committed investment of 523.78 million yuan[121] - The company completed a 96.10 million RMB replacement of self-raised funds with raised funds for pre-invested projects and issuance costs[111] - The company's restricted assets at the end of the reporting period totaled 191,906,204.28, mainly due to bank acceptance bill guarantees and pledged bills[100] - The company's financial assets at fair value through profit or loss amounted to 1,949,467,572.00, with no significant changes in the measurement attributes of major assets during the reporting period[99] - The company acquired the remaining minority equity of Shanghai Rujing Electric Control Technology Co., Ltd., making it a 100% wholly-owned subsidiary[98] - The company's production volume increased by 7.00% to 2.70 million units, while inventory increased by 4.81% to 391,200 units[81] - The top five customers accounted for 67.63% of total annual sales, with the largest customer contributing 24.29%[85] - The top five suppliers accounted for 23.80% of total annual purchases, with the largest supplier contributing 8.11%[85] - R&D expenses increased by 28.39% to 99,663,407.91 yuan in 2023[86] - The company established a subsidiary, Hong Kong Ruisheng International Group Co., Ltd., in October 2023 with a registered capital of HKD 10,000[84] - The RD4 series 36kW DC variable frequency drive control system is in the mass production stage, aiming to enhance market competitiveness[87] - The refrigerant-cooled multi-split variable frequency control system is in the mass production stage, targeting increased market share[87] - The new single-phase 5P variable frequency drive control system is in the mass production stage, aiming to improve product competitiveness[87] - The RD4A2 series dual interleaved frequency conversion drive control platform is in the R&D stage, aiming to improve production efficiency and enhance overseas market competitiveness[88] - The R32 single-phase frequency conversion drive control system is in the R&D stage, targeting performance and safety requirements for R32 refrigerant, with a focus on reducing carbon emissions[88] - The RD3045BU high-power frequency conversion drive control system is in the verification stage, aiming to meet the technical needs of high-power heat pump applications[88] - The HEOR2 series servo drive is in the mass production stage, focusing on high integration and compact design to reduce costs and improve competitiveness[88] - The 5.5KW general-purpose frequency converter is in the mass production stage, targeting low-cost applications and expanding the frequency converter market[88] - The subway door control system is in the mass production stage, with upgrades aimed at improving product quality and stability[88] - The multi-turn absolute magnetic encoder has been completed, aiming to replace optical encoders and improve servo system performance[88] - The integrated servo driver for collaborative and humanoid robots is in the R&D stage, focusing on low power consumption and high control precision[88] - R&D investment in 2023 was RMB 99,663,407.91, accounting for 6.45% of revenue, up from 4.81% in 2022[90] - Operating cash flow decreased by 66.99% YoY to RMB 80,795,267.70 due to increased cash payments for goods and services[91] - Investment cash inflow surged 12,666.60% YoY to RMB 1,956,557,648.53, driven by redemption of structured deposits[92] - Financing cash inflow increased 4,056.99% YoY to RMB 2,180,965,524.05 due to IPO proceeds[92] - Cash and cash equivalents increased by 1,947.27% YoY to RMB 1,983,536,480.81, primarily due to IPO proceeds[93] - Monetary funds accounted for 62.69% of total assets at the end of 2023, up 35.39 percentage points from the beginning of the year, mainly due to IPO proceeds[96] - Inventory decreased by 12.45 percentage points to 8.83% of total assets, reflecting improved inventory management[96] - Construction in progress increased by 2.27 percentage points to 3.19% of total assets, driven by ongoing investment in new energy vehicle electronics and smart manufacturing base[96] - Long-term loans were fully repaid during the reporting period, decreasing by 3.16 percentage points[96] - Other current assets increased to 39,799,180.4, a 1.01% increase, primarily due to the increase in input tax corresponding to the issuance fees of the company's IPO[98] - Accounts payable decreased to 381,943,707.21, a 9.67% decrease, due to strengthened supply chain management and reduced procurement costs[98] - Capital reserve increased to 2,358,194,852.38, a 59.68% increase, primarily due to the premium from the IPO issuance[98] - Undistributed profits increased to 582,865,783.57, a 14.75% increase, due to the increase in net profit for the reporting period[98] - Net profit attributable to shareholders of the listed company in 2023 was RMB 216,378,428.17[184] - The company plans to distribute a cash dividend of RMB 4.5 per 10 shares, totaling RMB 42,440,295.60[185] - The company's total distributable profit at the end of 2023 was RMB 582,865,783.57[184] - The company's total distributable profit for shareholders at the end of 2023 was RMB 199,136,441.62[184] - Cash dividend distribution: 4.5 RMB per 10 shares, with a total cash dividend of 42,440,295.60 RMB, accounting for 21.31% of the total profit distribution[181] Corporate Governance and Management - The company's financial statements are signed and sealed by the legal representative Lei Huaigang, the chief accounting officer Li Haochao, and the accounting department head Xu Danni[10] - The company's audit report is signed and sealed by the accounting firm and certified public accountants[11] - The company has disclosed all relevant documents on the China Securities Regulatory Commission's designated website during the reporting period[12] - The company's annual report is signed by Chairman Lei Huaigang[13] - The company's financial data and reports are available at the Board Secretary's Office[14] - The company has detailed future risk factors and countermeasures in the "Management Discussion and Analysis" section, specifically under "XI. Outlook for Future Development"[4] - The company emphasizes that forward-looking statements in the report do not constitute a substantive commitment to investors and advises caution[4] - The company's subsidiaries include Shanghai Rujing Intelligent Technology Co., Ltd., Shanghai Rujing Intelligent Equipment Co., Ltd., and Shanghai Chengyue Electrical Technology Co., Ltd., among others[16] - The company's subsidiaries are involved in various sectors including HVAC/R, automation, and electrical technology[16] - The company's chairman, Dr. Lei Huaigang, has over 20 years of experience in the power electronics industry and has received numerous awards and honors[71] - The company held 8 board meetings and 6 supervisory board meetings during the reporting period[132][133] - The company has a governance structure that complies with regulatory requirements and ensures independent operations[129] - The company has established a comprehensive performance evaluation and incentive system, linking senior management compensation to operational performance[136] - The company has an independent financial department with a separate accounting system and financial management system, ensuring financial independence[142] - The company has a complete R&D, procurement, production, and sales management system, enabling independent market operations[145] - The company held its 2023 First Extraordinary General Meeting with 100% investor participation, approving the extension of the IPO application validity period[146] - The 2022 Annual General Meeting saw 100% investor participation, approving the 2022 financial report and 2023 financial budget[146] - The company maintains strict information disclosure practices, ensuring transparency and fair access to information for all shareholders[137] - The company has independent assets, including equipment, trademarks, software copyrights, and patents, with full control and no ownership disputes[140] - The company's management team is stable and has achieved positive results in market development, R&D investment, and compliance operations[135] - The company has a complete labor, personnel, and salary management system, independent from controlling shareholders[141] - The company's governance structure is in compliance with legal and regulatory requirements, with no significant differences from regulations[138] - The total number of shares held by directors, supervisors, and senior management at the end of the period is 31,092,724 shares[149] - Lei Huaigang, Chairman and General Manager, holds 16,287,850 shares with no changes during the period[148] - Liao Yuan, Director, holds 12,672,643 shares with no changes during the period[148] - Qiu Hailing, Director and Vice General Manager, holds 2,132,231 shares with no changes during the period[148] - The company's board of directors and supervisory board underwent a regular election, resulting in the departure of three members and the election of three new members[149] - Lei Huaigang has been serving as the Chairman and General Manager of the company since 2003[150] - Liao Yuan has been serving as a Director of the company since 2003 and has extensive experience in telecommunications and information technology[151] - Qiu Hailing has been serving as a Director and Vice General Manager of the company since 2021, with a background in software engineering and project management[152] - Total compensation for directors, supervisors, and senior management in 2023 amounted to 6.5144 million yuan[162] - Chairman and General Manager Lei Huaigang received a total pre-tax compensation of 1.9091 million yuan[164] - Independent directors Zhu Junsheng and Zhao Yan each received a compensation of 66,800 yuan[164] - Financial Director and Board Secretary Li Haochao received a total pre-tax compensation of 961,100 yuan[164] - The company's board of directors held its 10th meeting on March 20, 2023, reviewing various reports including the audit report and tax payment verification[165] - The company's board of directors held 17 meetings in 2023, with all directors attending as required, and no instances of consecutive absences[168] - The Audit Committee held 4 meetings in 2023, reviewing financial reports, internal controls, and tax-related matters, with all proposals unanimously approved[170][171] - The company's directors actively participated in strategic planning, internal control, and audit work, with all their suggestions being adopted by the company[169] - The board approved the 2022 financial report and 2023 financial budget, along with plans for daily related transactions and the reappointment of the 2023 audit firm[166] - The company established a special account for raised funds and extended the validity period for its initial public offering application on the Growth Enterprise Market[166] - The company's internal control system was evaluated and no significant defects were found in financial or non-financial reporting[190] - The company's internal audit department strengthened supervision over the implementation of internal control systems[189] - The company updated its board audit committee system and rules to comply with the latest regulatory requirements[188] - The company's internal control evaluation report was fully disclosed on April 24, 2024[192] - The company's internal control system is designed to ensure the accuracy and completeness of accounting information[189] - The company's internal control system covers 100% of the total assets and revenue in the consolidated financial statements[192] - No major defects in financial reporting and non-financial reporting were identified for the year 2023[193] - The company maintained effective financial reporting controls as of December 31, 2023, in accordance with the "Basic Standards for Enterprise Internal Control"[194] - The internal control audit report received a standard unqualified opinion[194] R&D and Innovation - The company has 63 invention patents as of the end of the reporting period[42] - The company's products cover a power range of 1HP-7HP (single-phase) and 5HP-28HP (three-phase) in the HVAC/R field[46] - The company's products are widely used in well-known brands such as Copeland, McQuay, Ariston, Haier, Mitsubishi Heavy Industries Haier, Carrier, and Bosch[43] - The company's products in the HVAC/R field feature low GWP coefficient design, high power density, and high efficiency[46] - The company's products in the new energy vehicle thermal management system include electric compressor frequency converters and PTC electric heating controllers[47] - The company's electric compressor frequency converters for new energy vehicles feature high reliability, precise speed control, and energy efficiency[47] - The company's PTC electric heating controllers for new energy vehicles offer high precision in power/temperature control and stable operation[47] - The company has established a strong market position in the HVAC/R field through long-term cooperation with international brands like Emerson, McQuay, Ariston, and Haier[45] - The company's products in the HVAC/R field are designed with advanced SiC-based power MOS, power diodes, and 7th-generation IGBTs for energy efficiency[46] - The company's HVAC/R products are applied in commercial and residential air conditioning, heat pump systems, and refrigeration systems[45] - The company's new energy vehicle thermal management products cover a wide range of specifications, including voltage ranges of 80-800V (high voltage) and 12-48V (low voltage), and operating temperatures from -