YAPP(603013)2024-11-12 09:43Company Overview - Company profile, product introduction, customer situation, and global distribution were discussed [1] Fuel System Product Value - Fuel tank products are custom-made with prices ranging from hundreds to over a thousand RMB depending on volume, structure, complexity, and number of parts [2] - Hybrid fuel systems have higher unit value than traditional fuel systems due to more complex storage, supply, and vapor management requirements [2] - High-pressure fuel systems typically have 10%-30% higher unit value compared to traditional fuel systems [3] Competitors and Market Position - Main competitors in the hybrid fuel system field include PO, Kautex, TI, and some metal fuel tank suppliers [3] Production Capacity and Utilization - The company follows strategic clients to establish matching fuel system production capacity nearby and adjusts capacity layout dynamically within the group [3] - Current capacity utilization is generally good, with future global capacity optimization planned based on client needs [4] Pricing and Market Trends - Overseas product prices are generally higher than domestic product prices [4] - The global increase in hybrid vehicle sales is expected to boost the company's business revenue due to the higher complexity and value of hybrid fuel systems [4][5]