Group 1 - The core viewpoint of the news is that Feilong Co., Ltd. is experiencing growth in its performance due to stable raw material prices, optimized product structure, and improved management, with a focus on expanding its overseas market presence and entering the humanoid robot business [1] - Feilong Co., Ltd. has an annual production capacity that includes 8 million mechanical pumps, 4.6 million exhaust manifolds, 8 million volutes, 1.2 million oil pumps, and over 8 million new energy thermal management components [1] - The company has established a global layout with its first overseas smart factory, Longtai Company, which began trial production on June 26, 2025, aimed at mitigating international trade risks and enhancing supply chain resilience [1] Group 2 - Ruida Fund, established in 2020, has an asset management scale of 0.89 billion yuan, ranking 205 out of 210 in total public funds [2] - The best-performing public fund product under Ruida Fund in the past year is the Ruida Advanced Manufacturing Mixed Fund, which has a latest unit net value of 1.45 and a growth of 83.47% over the past year [2]

Group 1 - The core viewpoint of the article highlights that Feilong Co., Ltd. is experiencing significant growth in its performance due to stable raw material prices, optimized product structure, and enhanced management practices [1] - Feilong Co., Ltd. has an annual production capacity that includes 8 million mechanical pumps, 4.6 million exhaust manifolds, 8 million volutes, 1.2 million oil pumps, and over 8 million new energy thermal management components [1] - The company has established a global presence with overseas supply of volutes, exhaust manifolds, mechanical pumps, and electronic pumps, serving over 50 clients including BorgWarner and Cummins [1] Group 2 - Longtai Company, composed of employees from China and Thailand, has secured overseas orders and is collaborating with General Motors, Ford, and Cummins, while continuously expanding into the Southeast Asian market [1] - The company believes that the growth in overseas revenue is sustainable and is accelerating its layout in humanoid robotics by providing core components and liquid cooling solutions [1] - Longtai Company completed trial production on June 26, 2025, marking the establishment of the company's first overseas smart factory, which will effectively mitigate international trade risks and enhance supply chain resilience [1]

Core Viewpoint - Feilong Co., Ltd. is accelerating its business expansion in the automotive parts sector, particularly in the new energy vehicle (NEV) market, through a strategic partnership with Huada Technology to enhance its product advantages in both NEV and civilian sectors [2][3][4]. Business Expansion and Financial Performance - Feilong Co., Ltd. has transitioned from being a supplier of automotive thermal management components to a provider of multi-scenario thermal management solutions, maintaining strong growth in both traditional and new energy sectors [2][4]. - In 2024, the company reported a revenue of 4.723 billion yuan, a year-on-year increase of 15.34%, and a net profit of 330 million yuan, up 25.92%, marking a historical high [2][7]. - The new energy business accounted for 11.14% of total revenue in 2024, with a revenue of 526 million yuan, reflecting a growth of 40.44% year-on-year [5]. Strategic Partnership - The strategic cooperation with Huada Technology aims to leverage each company's strengths in the NEV, energy storage, and data center thermal management sectors, focusing on joint development and production of core components and integrated solutions [3][4]. - Both companies have committed to protecting their strategic collaboration and addressing market competition through transparent communication and joint investment when necessary [4]. Research and Development - Feilong Co., Ltd. invested 272 million yuan in R&D in 2024, representing 5.76% of its revenue, with a workforce of 575 R&D personnel [5][6]. - The company holds a total of 601 patents, including 159 invention patents, showcasing its commitment to innovation [6]. Market Presence and Customer Base - The company has established a strong market presence with over 200 domestic and international clients, including more than 130 clients in the new energy sector [7]. - In 2024, overseas sales contributed significantly to the company's revenue, with direct sales reaching 2.604 billion yuan, a year-on-year increase of 33.31%, accounting for 55.13% of total revenue [8]. Shareholder Returns - Feilong Co., Ltd. plans to distribute a cash dividend of 3 yuan per 10 shares, totaling 172 million yuan, which represents 69.70% of the annual net profit [8].