Yonggui(SZ:300351) Zheng Quan Shi Bao Wang·2025-10-17 04:24Core Viewpoint - The National Development and Reform Commission's recent "Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity" aims to significantly boost the charging pile industry by adding 1.6 million DC charging guns by the end of 2027, including 100,000 high-power charging guns, creating substantial market opportunities for companies in this sector [1][2]. Group 1: Company Opportunities - Yonggui Electric (300351.SZ) is positioned to benefit from the policy's focus on high-power charging, as it is a core supplier of liquid-cooled charging guns, which are expected to see increased demand [1]. - The company has established a strong technological barrier in the high-power liquid-cooled DC charging gun sector, supporting 1200A current and 1000V voltage, placing it at the forefront of the industry [1]. - Yonggui Electric has successfully integrated its products into the supply chains of major automakers like BYD (002594) and Geely, gaining recognition for its stable product quality [1]. Group 2: Strategic Partnerships - Yonggui Electric is closely aligned with Huawei's digital energy business, supporting the construction of Huawei's ultra-charging network, which is projected to generate over 30 billion yuan in equipment procurement demand [2]. - The deep cooperation with Huawei is expected to allow Yonggui Electric to benefit from the peak period of ultra-charging network construction over the next 2-3 years, leading to simultaneous growth in both vehicle and energy information sectors [2]. - The successful hosting of Huawei's high-quality development summit for megawatt ultra-charging further solidifies the expectation of explosive order growth for Yonggui Electric [2]. Group 3: Industry Trends - By 2025, the penetration rate of liquid-cooled ultra-charging technology is expected to reach 27%, with policy support enhancing the growth certainty of this niche market [3]. - Companies with technological advantages, quality customer resources, and sufficient production capacity are likely to enjoy valuation premiums as the industry develops [3]. - Shanxi Securities believes that Yonggui Electric, with its core advantages in technology, customers, and capacity, is poised to lead in the ultra-charging network construction wave, achieving simultaneous growth in business scale and profitability [3].