拓展汽车零部件新品类 常润股份 打造多元增长极

Core Insights - Changrun Co., Ltd. is expanding its automotive parts product categories, focusing on new growth areas such as parking brakes, cables, pedals, and tire repair kits, driven by changing consumer habits and opportunities in the electric vehicle market [1][2] - The company's revenue share from automotive parts is steadily increasing, projected to rise from 32.50% in 2022 to 39.28% in 2024 [1] - Changrun has diversified its offerings beyond traditional fuel vehicles to include partnerships with numerous electric vehicle manufacturers, enhancing its market presence [2] Company Strategy - The company aims to leverage its core competencies in jack manufacturing to expand into broader fields, having initiated diversification efforts around 2013 [1] - In 2023, Changrun acquired a 60% stake in Suzhou Kejun New Material Technology Co., which specializes in tire repair tools, to quickly enter the electric vehicle supply chain [2] - The company plans to achieve a 40% revenue growth over the next three years by focusing on tire repair and new product categories like parking brakes and pedals [2] Market Trends - The shift towards electric vehicles necessitates higher support points, load capacities, and operational safety for jacks, leading to a preference for tire repair kits among electric vehicle manufacturers [2] - Changrun is committed to staying ahead of technological trends in the automotive industry, focusing on developing products that meet the demands of electrification and chip integration [3]