编号：2025-036 证券代码：002536 证券简称：飞龙股份 飞龙汽车部件股份有限公司投资者关系活动记录表 | ☑ | 特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 ☑ | 其他（券商策略会及反路演） | | 参与单位名称及 人员姓名 | | | | | 中信证券：易方达基金，国寿安保基金，平安资产，源乐晟基金， 中庚基金，重阳战略，真科基金，财信证券，五矿证券，拾贝投资， | | | | 松熙私募等； | | | | 国盛证券：太平养老基金，富安达基金，银华基金，西部利得基金， | | | | 长安基金，光大保德基金，恒信资本，弥远投资，棕榈湾投资等； | | | | 财通证券：长城基金； | | | | 长江证券：南方基金，鹏华基金，景顺长城基金。 | | | 时间 | 2025 年 11 月 12 日—11 月 13 | 日 | | 地点 | 中信证券策略会、国盛证券策略会、财通证券策略会及反路演地点 | | | 上市公司接待人 | 副总经理、 ...

Group 1: Company Overview - Feilong Automotive Parts Co., Ltd. has over 70 years of development history, established in 1952, focusing on thermal management system solutions [1] - The company has two main development phases: prior to 2017 focused on automotive thermal management components, and from 2017 onwards, expanding into non-automotive sectors [1][2] Group 2: Product Development and Market Reach - The company has developed key products such as mechanical water pumps, exhaust manifolds, and electronic pump series, with automotive water pumps and turbocharger housings recognized as national champions [1] - Products are sold nationwide and exported to over 200 domestic and international clients, serving more than 300 factory bases globally [2] Group 3: Financial Expectations and Growth Drivers - For the second half of 2025, the company expects revenue improvement driven by new overseas projects, growth in orders for new energy vehicle integrated modules, and increased sales of liquid cooling products [3] - The company is not considering additional investments in automotive engine thermal management products domestically [3] Group 4: Client Base and Product Value - The electronic pump series has over 130 major clients, including Chery, Li Auto, and VinFast [3] - The value of thermal management integrated modules is significantly higher than traditional single-component products, varying based on product structure [3] Group 5: Liquid Cooling Sector Developments - A new subsidiary, Anhui Hangyi Technology Co., Ltd., has been established to focus on liquid cooling pumps for data centers and charging stations [4][5] - The company is actively expanding its overseas market for server liquid cooling products, particularly through clients in Taiwan [5] Group 6: Profitability and Competitive Advantages - The company implements a dual-line penetration strategy in automotive and industrial sectors to enhance profitability [5] - Key competitive advantages in the liquid cooling sector include nearly 10 years of experience, a client base of over 80 companies, and diverse application scenarios across various industries [5]