川环科技：前三季度实现营收10.49亿元 同比增长12.08%

Core Insights - Chuanhuan Technology reported a revenue of 1.049 billion yuan for the first nine months of 2023, representing a year-on-year growth of 12.08%, while the net profit attributable to shareholders decreased by 7.13% to 137 million yuan [1] - The company is focusing on the automotive fluid pipeline, data center liquid cooling, and energy storage liquid cooling sectors, with significant developments in the new energy vehicle market [1][2] Financial Performance - Revenue for the first three quarters of 2023 reached 1.049 billion yuan, a 12.08% increase compared to the previous year [1] - Net profit attributable to shareholders was 137 million yuan, reflecting a decline of 7.13% year-on-year [1] - Basic earnings per share stood at 0.63 yuan [1] Business Developments - In the automotive fluid pipeline sector, the company has received project confirmations from a well-known domestic automotive manufacturer, with an estimated total project value of approximately 500 million yuan over a six-year lifecycle, expected to commence mass production in November 2025 [1] - The company successfully secured a soft hose order of 600,000 meters from Yingwei, and is actively managing the delivery process to meet customer requirements [2] Market Trends - The new energy storage installation capacity in China reached approximately 95 million kilowatts, growing nearly 30 times over the past five years [2] - The National Development and Reform Commission and the National Energy Administration have set a target for new energy storage installation capacity to exceed 180 million kilowatts by 2027 [2] - Chuanhuan Technology anticipates that liquid cooling solutions will become the mainstream thermal management solution for future energy storage systems [2] Product Development - The company's liquid cooling pipeline products have achieved V0 level standards and received UL certification in the data server liquid cooling sector [1] - The liquid cooling pipeline products are now integrated into the supply chains of various clients, including CoolerMaster, AVC, and others, with ongoing product development efforts [1]