Company Overview - Changzhou Haixuan New Energy Co., Ltd. was established in August 2023 and is located in Xinbei District, Changzhou, Jiangsu Province [4] - The company is a subsidiary of Changzhou Donghai Rubber Factory Co., Ltd., which was founded in 2001 and has multiple subsidiaries across China [4] - The main business of Changzhou Haixuan includes the design, research and development, production, and sales of energy storage equipment pipelines and automotive plastic pipeline products [4] Research and Development - The company has established partnerships with several universities, including Sichuan University and Hunan University, to conduct technical research and collaboration [6] - It has applied for multiple invention and utility model patents in the fields of engineering machinery and automotive products, holding a total of 30 patents, including 3 invention patents and 27 utility model patents [6] - The company has a state-of-the-art laboratory and testing center, covering an area of 3,000 square meters, with over 50 engineering technicians and 60 sets of various testing instruments [6] Production Capabilities - The company utilizes advanced automatic production equipment capable of producing nylon pipes with up to 5 layers, ensuring real-time monitoring of product dimensions [7][9] - The production line incorporates German ETA multi-layer co-extrusion mold technology, achieving a stable production speed of up to 60 meters per minute [9] - The company employs a comprehensive quality control process, including 100% gas-tight testing and traceability of products [7][26] Product Offerings - The main products include liquid cooling pipelines for energy storage units, designed with a focus on quality and reliability [28] - The primary pipeline material is 304 stainless steel, with flexible corrugated pipes used for connections to absorb vibrations and accommodate assembly tolerances [28] - The secondary and tertiary pipelines utilize a three-layer design (PA12/TIE/PP) for enhanced hydrolysis resistance and mature forming processes [28] Industry Engagement - Changzhou Haixuan has confirmed its participation in the 14th International Energy Storage Summit and Exhibition (ESIE 2026), which will take place from March 31 to April 3, 2026, in Beijing [31] - The event is recognized as a barometer for the development of the energy storage industry in China, featuring various significant projects [31]

Core Viewpoint - Pengling Group has launched its new energy thermal management project, which aims to enhance its product offerings in the electric vehicle sector and is expected to significantly contribute to the company's revenue growth in the coming years [1][4]. Investment and Production Details - The total investment for the new energy thermal management project is 400 million yuan, with a planned output value of 1.5 billion yuan [4]. - The first phase of the project has completed an investment of 75 million yuan, focusing on research, testing, and advanced production line setup, covering an area of 8,000 square meters, and is expected to generate an annual output value of 200 million yuan upon reaching full production [4]. - A second project, with a total investment of 200 million yuan, is also underway, with the first phase having completed an investment of 50 million yuan, covering 12,000 square meters and expected to add an annual output value of 170 million yuan [5]. Product and Technology Development - The thermal management module consists of two parts: the thermal management module and the pipeline, which are essential for providing continuous energy to electric vehicles [3]. - The company plans to establish a research and development center in Shanghai in 2024, focusing on integrating water-side modules and developing core technologies such as electronic water valves and heat exchangers [4]. - The thermal management pipeline represents a technological upgrade from traditional rubber products to nylon and TPV materials, reflecting the shift in market demand due to the rapid development of electric vehicles [4]. Market Position and Future Outlook - The project has already secured multiple contracts for water valves and flow path boards, with some projects entering small-scale production [4]. - The chairman of Pengling Group stated that the new project will add automotive plastic pipelines and thermal management integrated modules to its existing core businesses, positioning the company for significant growth in the next three years, with an expected output scale exceeding 2 billion yuan [5]. - The company aims to leverage this opportunity to deepen its technological innovation and actively integrate into the new energy industry chain, supporting the lightweight and thermal management technology upgrades for electric vehicles [5].