高澜股份(300499) - 2024年7月16日投资者关系活动记录表

Group 1: Company Overview - Guangzhou Gaolan Energy Technology Co., Ltd. specializes in high-power electronic thermal management products and high power density thermal management products [3] - The company has over 20 years of experience in the liquid cooling sector, being one of the earliest manufacturers in China [4] Group 2: Liquid Cooling Technology Trends - Liquid cooling technology is becoming increasingly widespread due to the rising power consumption of electronic devices, which traditional air cooling systems can no longer effectively manage [3] - The technology is diversifying, with various forms such as single-phase, two-phase, and immersion cooling being developed to meet different application needs [3] - Future developments will focus on larger capacities, higher reliability, and environmental sustainability, emphasizing energy efficiency and heat recovery [3] Group 3: Advantages and Disadvantages of Liquid Cooling - Advantages include efficient heat dissipation, energy savings, reduced noise levels, and stable performance across various environments [4] - Disadvantages involve higher initial investment costs and more complex maintenance requirements [4] Group 4: Sales Model and Market Position - The company currently offers one-stop solutions, but as product modularization increases, a decoupled sales model is expected to gain market share [4] - The company has a strong competitive position in the thermal management industry, with a comprehensive system for R&D, design, manufacturing, marketing, and after-sales service [4] Group 5: Financial Performance - The overall gross margin for thermal management products in 2023 was 24.90%, with specific margins of 22.36% for high-power electronic thermal management products and 16.85% for high power density thermal management products [5] - The company plans to enhance R&D and product upgrades to mitigate the impact of market competition on gross margins [5] Group 6: After-Sales Service - The company has a robust after-sales service system with five service areas in China and dedicated service zones for overseas projects, ensuring high-level support and lifecycle technical assistance [5]