Group 1 - The core point of the article is that Huapei Power (603121) has received a project designation letter from a domestic new energy passenger vehicle company, indicating a breakthrough in the thermal management product market for new energy vehicles [1] - As of May 30, 2025, Huapei Power's stock closed at 23.28 yuan, down 2.55% from the previous week, with a total market capitalization of 7.881 billion yuan [1] - The project lifecycle is expected to last 5 years, with an estimated sales amount of approximately 9 million yuan during this period, starting mass production in 2026 [1] Group 2 - The project designation letter does not constitute a formal order or sales contract, and there are uncertainties involved in the transition from project designation to mass production [1] - The company plans to strictly adhere to the agreement and project schedule, focusing on product development, production, and delivery while enhancing risk management [1]