YAPP(SH:603013) Sou Hu Cai Jing·2025-07-16 09:46Group 1 - The core viewpoint of the article highlights the recent developments and strategic positioning of the company in the hybrid fuel system market, as well as its international expansion efforts [1][3][5] - The company has established a global presence with 25 production bases and 7 engineering technology centers across 11 countries on 4 continents, enhancing its ability to serve customers and support global development [3] - The company has seen a 6.23% year-on-year increase in main revenue, reaching 1.975 billion yuan, and a 0.9% increase in net profit, amounting to 129 million yuan in the first quarter of 2025 [7] Group 2 - The company is positioned as a key player in the hybrid fuel system sector, with its products having a higher unit value compared to traditional fuel systems due to the complexity of hybrid vehicle requirements [4][5] - The recent acquisition of Winshang Technology, which specializes in rotary transformers and special motor products, is expected to enhance the company's capabilities in the electric drive systems for new energy vehicles [6] - The company’s client base includes major automotive manufacturers and industrial firms, indicating a strong market position and potential for future growth [7]