YAPP(SH:603013)2024-07-15 09:37Group 1: Hydrogen Storage Systems - The company has launched several hydrogen storage system products that have passed certification and are in demonstration operation, with ongoing market promotion efforts [2][3] - Collaborations established with major domestic commercial vehicle manufacturers, including FAW Jiefang, Chery Wanda, and Weichai Power, for hydrogen system integration [3] - The self-developed IV type hydrogen bottle has completed standard compliance and passed internal and external testing [3] Group 2: Hybrid Fuel Systems - The company has secured projects for plug-in hybrid or range-extended hybrid vehicle models from most domestic clients, including BYD, Changan, and Geely [4] - Since the beginning of the year, nearly 30 new hybrid model projects have been awarded, showing a significant year-on-year increase [4] Group 3: Battery Pack Business - The lightweight power battery pack shell products have gained market recognition, with current clients including Envision AESC, Dongfeng, and Foton [4] Group 4: Future Development Strategy - The company aims to embrace the trend of new energy vehicles, focusing on a dual business model of "energy storage systems + thermal management systems" [5] - Key strategies include stabilizing the core business, deepening traditional fields, and expanding growth-oriented businesses [5] - Stabilizing the core business involves intelligent manufacturing and digitalization to enhance efficiency and reduce costs [5] - Deepening traditional fields focuses on innovation and meeting customer expectations while increasing market share [5] - Expanding growth-oriented businesses includes diversifying product offerings from energy storage to energy management systems [5][6]