上海汽配跌0.57%，成交额3500.99万元，近3日主力净流入-359.80万

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and product development in the automotive parts sector, particularly in the context of new energy vehicles and global partnerships [3][7]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and listed on November 1, 2023. The company specializes in the research, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes 79.38% from automotive thermal management system products, 18.86% from automotive engine system products, and 1.76% from other sources [7]. Market Position and Financial Performance - As of June 30, the company had 31,100 shareholders, a decrease of 3.46% from the previous period, with an average of 7,023 circulating shares per person, an increase of 3.59% [8]. - For the first half of 2025, the company achieved operating revenue of 1.065 billion yuan, a year-on-year increase of 3.54%, while the net profit attributable to the parent company was 83.4766 million yuan, a year-on-year decrease of 18.47% [8]. Strategic Developments - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of no more than 100 million yuan, aimed at enhancing its international strategy and operational capabilities [3]. - The company has established long-term stable relationships with major global engine manufacturers, including BorgWarner and NPP ITELMA LLC, which require strict supplier certification processes [2][3]. Product Development - The company's R&D department has leveraged over 30 years of expertise to quickly respond to market changes, successfully launching air conditioning pipe products that meet new energy vehicle quality standards [3]. - The company's automotive air conditioning pipe products are widely used in various traditional fuel models and have become a major supplier for first-tier new energy vehicle air conditioning pipes [3].