DAAE(SH:600178) Zheng Quan Shi Bao Wang·2026-01-06 10:28Core Insights - Dong'an Power (600178) has secured new market agreements with two companies for three new market projects, all targeting new customers, with an expected lifecycle of 5 to 10 years and total projected sales of 300,000 units, including 200,000 units for new energy projects [1] - The company aims to strengthen its market position in traditional power, new energy hybrid, and AT sectors, which is significant for its future development and expected to positively impact revenue and operational efficiency [1] - Dong'an Power is recognized as a benchmark enterprise in the domestic powertrain sector, with a comprehensive product range and strong R&D capabilities, providing integrated solutions for high-end passenger cars, light and medium commercial vehicles, and new energy vehicles [1] Market Development - In Q1 2025, Dong'an Power obtained 51 new market agreements from 26 companies, including 9 new customers, with a total projected sales of 1.5 million units, of which 1 million units are for new energy projects [2] - In Q2 2025, the company secured 9 new market agreements from 8 companies, including 2 new customers, with a total projected sales of 1.5 million units, including 100,000 units for new energy projects [2] - In Q3 2025, Dong'an Power acquired 5 new market agreements from 5 companies, including 3 new customers, with a total projected sales of 1 million units, including 800,000 units for new energy projects [3] Sales Performance - In December 2025, Dong'an Power reported engine sales of 42,400 units, a year-on-year increase of 3.16%, with total sales for the year reaching 432,900 units, a 19.07% increase [3] - The company reported transmission sales of 17,700 units in December 2025, a year-on-year decrease of 35.99%, while total sales for the year reached 172,900 units, a 41.08% increase [3]