（文章来源：证券日报） 证券日报网讯 8月18日晚间，隆盛科技发布公告称，公司已于2025年8月18日召开第五届董事会第八次 会议、第五届监事会第八次会议，审议通过《关于控股孙公司签订的议案》。公司控股孙公司重庆隆盛 茂茂新能源科技有限公司（简称"隆盛茂茂"）拟与重庆共享工业投资有限公司签署《隆盛茂茂新能源汽 车轻量化零部件生产基地项目合作协议书》，将在重庆市沙坪坝区投资建设"隆盛茂茂新能源汽车轻量 化零部件生产基地项目"。项目总投资约为2亿元，拟设立独立法人公司作为项目实施主体，开展新能源 汽车驱动类零部件、热管理、轻量化部件等产品的生产制造。 ...

Core Viewpoint - The company has established itself as a leader in the automotive parts industry, particularly in engine cooling and emission reduction components, with a strong focus on both traditional and new energy vehicles, leading to significant revenue growth and profitability improvements [1][2][3]. Group 1: Business Overview - The company has been deeply involved in the automotive parts industry for over 60 years, starting production in 1964 and transitioning into the new energy sector in 2009, forming a comprehensive product matrix that includes traditional and new energy components [1][2][12]. - In 2024, the company is projected to achieve revenue of 4.723 billion yuan, a year-on-year increase of 15.34%, and a net profit of 330 million yuan, reflecting a growth of 25.92% [1][22]. Group 2: Main Business Performance - The company maintains a solid foundation in its core products: mechanical water pumps, exhaust manifolds, and turbocharger housings, with a market share of 25% in mechanical water pumps and 20% in turbocharger housings [2][22]. - The exhaust manifold segment is experiencing a surge in demand due to the dual carbon goals, with the company investing in research and development to create heat-resistant steel exhaust manifolds [2][43]. - The turbocharger housing segment is benefiting from the increasing sales of hybrid vehicles, with projected sales exceeding 5 million units in 2024 [2][56]. Group 3: New Energy and Non-Automotive Business Expansion - The company's new energy business, primarily from electronic pumps and thermal management components, is expected to generate 526 million yuan in revenue in 2024, a year-on-year increase of 40.44% [3][22]. - The non-automotive business is expanding through data center liquid cooling solutions, with expectations for sustained growth in the next 1-2 years [3][84]. - The company has established subsidiaries in Southeast Asia, with a factory in Thailand set to begin production in September 2025, projected to contribute an additional 1.5 billion yuan in revenue [5][22]. Group 4: Profitability and Investment Outlook - The company forecasts revenues of 5.447 billion yuan, 6.268 billion yuan, and 6.942 billion yuan from 2025 to 2027, with net profits of 455 million yuan, 631 million yuan, and 789 million yuan respectively [6][22]. - The company is focusing on enhancing its profitability through improved cost management and product structure optimization, with gross margins expected to reach 21.5% in 2024 [26][29].