STAR SHUAIER(002860)2025-05-13 15:08Group 1: Company Overview - Hangzhou Xingshuai Electric Co., Ltd. was listed on the Shenzhen Stock Exchange in April 2017 as a high-tech enterprise with strong innovation and independent R&D capabilities [1][2]. - The company's main business includes the R&D, production, and sales of various types of thermal protectors, starters, sealing terminal blocks, temperature controllers for small appliances, and various types of motors, as well as photovoltaic module products [2]. Group 2: Future Development Strategy - The company plans to focus on R&D in new energy, new tracks, new products, and new projects, particularly increasing support for its subsidiary Zhejiang Special Motor in terms of technology, finance, and human resources [3]. - Key areas of R&D will include high-efficiency permanent magnet motors and servo motors, aiming to meet market demand and seek partnerships for collaboration [3]. Group 3: Application in New Energy Vehicles - The company supplies products such as air conditioning motors, support rod motors, battery sealing terminal blocks, and temperature controllers to the new energy vehicle sector [4]. - Successful collaborations have been established with reputable new energy vehicle manufacturers, including bulk supply to BYD and stable quality in products used in well-known automotive brands [4]. Group 4: Product Application Areas - Zhejiang Special Motor designs and customizes various motor products and components for diverse applications, including industrial machinery, mining machinery, oil fields, new energy vehicles, elevators, refrigerators, air conditioners, wind power generation, electric motorcycles, and military applications [5]. Group 5: Market Position and Competitive Advantage - The company maintains a leading market share in thermal protectors and starters due to its focus on technology R&D and product upgrades, which has built a strong brand advantage [6][7]. - Future strategies will continue to emphasize deepening core business and maintaining a commitment to innovation to further solidify competitive advantages [7].