银轮股份：公司结合行业趋势与自身发展，将业务划分为四大板块

Core Viewpoint - The company has segmented its business into four major sectors: Automotive, Power Energy, Digital Energy (AI Liquid Cooling), and Embodied Intelligence, aligning with industry trends and its own development strategy [1] Group 1: Automotive Sector - The automotive business serves as the company's foundation, covering both passenger and commercial vehicles. It is expected to maintain steady growth due to market share enhancement, increased product value, and high growth in overseas markets [1] Group 2: Power Energy Sector - The power energy sector is benefiting from explosive growth in overseas AI data centers, with downstream clients continuously expanding diesel (including backup and power generation) and gas generator units. The company has entered mass production for diesel generator cooling and is preparing capacity for gas generator-related businesses. The high product value in this sector, combined with a long-term power supply shortage in North America, is expected to provide significant growth potential [1] Group 3: Digital Energy (AI Liquid Cooling) Sector - This sector focuses on four application areas: data centers, energy storage, charging and swapping, and low-altitude economy, with data center liquid cooling products at its core. The company is advancing product testing and capacity planning with leading global liquid cooling clients, and several key projects have shown positive progress. This sector is anticipated to experience rapid growth over the next 2-3 years [1] Group 4: Embodied Intelligence Sector - The company has defined a product layout of 1+4+N, where 1 represents a comprehensive understanding of the entire system to meet customer needs. The 4 refers to four types of assembly products: rotary joint modules, actuator modules, dexterous hand modules, and thermal management modules. N includes various components supporting these four modules, such as motor modules, micro motors, body structure parts, and heat exchangers. The company has established collaborations with key clients, with some product categories already in supply and others in development [1]