HIUV(SH:688680)2024-06-26 05:41Summary of Conference Call on Automotive Materials Company and Industry - The conference call discusses Haiyou New Materials, focusing on their new products for the automotive industry, particularly in the context of new energy vehicles and automotive glass technologies. Key Points and Arguments 1. New Product Launch: Haiyou New Materials has launched a new product, EDCLC adjustable film, specifically designed for the automotive sector, particularly for new energy vehicles [1] 2. Collaboration with Fuyao: The company has partnered with Fuyao Glass to introduce a new generation of heat-insulating panoramic sunroofs, utilizing PDLC (Polymer Dispersed Liquid Crystal) technology [2][3] 3. Market Trend: There is a clear trend towards the adoption of panoramic glass roofs in new vehicle designs, with expectations that by 2027, most new models will feature this design [3][4] 4. Pain Points: Current challenges include excessive heat and light penetration in vehicles with glass roofs, leading to discomfort for passengers. Existing solutions like electric curtains are not sufficient [4] 5. Product Features: The PDLC film allows for adjustable transparency, enabling sections of the roof to be opaque or transparent based on user preference [5][10] 6. Technological Advancements: Haiyou has developed a dye-based PDLC film that offers a darker color option (gray-black), which is preferred by automotive manufacturers over traditional white films [9][38] 7. Cost Competitiveness: The company claims to have significantly reduced production costs for their PDLC film, making it more competitive compared to similar products in the market, which can exceed 4000 RMB per square meter [11][20] 8. Market Potential: The potential market for their products is substantial, with estimates suggesting that 80 million vehicles could adopt these technologies annually, especially in new energy vehicles [17] 9. Environmental Considerations: The new materials are designed to have lower VOC (Volatile Organic Compounds) emissions, making them more appealing to environmentally conscious manufacturers [18] 10. Future Applications: Beyond automotive, the company is exploring applications in high-end furniture and office furniture markets, which could further expand their market reach [22] Additional Important Information 1. Industry Competition: The PDLC technology is relatively new in the automotive sector, with limited competition. The main competitors are primarily domestic companies, with some international players in the EC (Epoxy Resin) technology space [32][34] 2. Product Integration: The integration of PDLC films into vehicles involves collaboration with glass manufacturers, as the films are not sold directly to car manufacturers [12][40] 3. Market Acceptance: The acceptance of new technologies in the automotive sector often requires time, as manufacturers are cautious about adopting new products without proven performance [25][26] 4. Future Projections: The company aims to achieve significant market penetration by 2024, with expectations that once initial orders are secured, subsequent orders will follow more rapidly [54][55] This summary encapsulates the key discussions and insights from the conference call regarding Haiyou New Materials' advancements in automotive materials, particularly focusing on the innovative PDLC technology and its implications for the automotive industry.