Group 1: Company Overview - Feilong Automotive Parts Co., Ltd. has over 70 years of development history, focusing on thermal management system solutions [1] - The company has two main development phases: before 2017 focused on automotive thermal management components, and from 2017 onwards, expanding into non-automotive sectors [1][2] - The company has established four R&D centers in Shanghai, Wuhu, Nanyang, and Xixia, with a focus on new energy thermal management components [2] Group 2: Product Development and Market Reach - The company has over 200 domestic and international clients, serving more than 300 factory bases globally [2] - Current R&D projects exceed 100, covering various applications in both automotive and civilian sectors [2] - The company is prioritizing new energy thermal management products, such as electronic pumps and temperature control valves, while expanding into civilian markets [3] Group 3: Financial and Strategic Insights - The company is implementing a dual-line penetration strategy in automotive and industrial sectors to enhance profitability [3] - The average price of electronic pump products in the civilian sector is slightly higher than in the automotive sector due to market potential and technology [2] - The overseas production base in Thailand is expected to enter trial production by the end of June 2025 [2]