Core Viewpoint - Xinan Technology is advancing its market layout for products such as fuel cell stacks and is establishing business relationships with Siemens, anticipating mass production in a new factory next year [1] Group 1: Company Developments - The company is focusing on the development of the medium and low voltage power control and fuel cell energy storage market [1] - Xinan Technology has initiated a business relationship with Siemens, with steady progress in early development [1] - The company plans to continue expanding its customer base [1] Group 2: Future Outlook - The new factory is expected to enter mass production next year [1]

Group 1: Market Position and Strategy - The company holds approximately 15% of the global market share for turbocharger precision compressor shell components, with sales distribution evenly split between domestic and international markets [2] - The penetration rate of turbocharged fuel vehicles in the market has significant growth potential, especially as over half of China's automotive sales are now new energy vehicles [2] - The company is actively pursuing a global development strategy, with Thailand identified as a key hub for expanding its presence in Southeast Asia [2][3] Group 2: Product Development and Market Opportunities - The company is focusing on the development of products in the "power and energy storage" sector, capitalizing on the growth of mid-to-low voltage power control markets and the maturation of fuel cell storage markets [3] - A partnership with Siemens is underway, with plans for mass production to commence in a new factory next year [3] - The company is also developing components for hydrogen fuel cells and electric vehicle transmission shells, indicating a diversification of its product offerings [3] Group 3: Supply Chain and Risk Management - The primary raw material is aluminum ingots, and the company has established a price adjustment mechanism with major clients to mitigate the impact of raw material price fluctuations on production [3]