飞龙股份(002536) - 002536飞龙股份投资者关系管理信息20250519

Company Overview - Feilong Automotive Parts Co., Ltd. has over 70 years of development history, established in 1952, focusing on thermal management system solutions [1] - The company has two main development phases: - Before 2017: Focused on R&D, production, and sales of automotive thermal management components such as mechanical water pumps and turbocharger housings [1] - Since 2017: Expanded into non-automotive sectors while continuing to develop automotive thermal management products [1][2] Product Development and Market Reach - The company has established four R&D centers in Shanghai, Wuhu, Neixiang, and Xixia, with a focus on new energy thermal management components [1] - Products are sold nationwide and exported to over 200 domestic and international clients, serving more than 300 factory bases globally [2] International Expansion - The Thai production base is expected to begin trial production by June 2025, with an anticipated annual capacity of: - 1.5 million turbocharger housings - 1 million exhaust manifolds - 500,000 mechanical water pumps - 1 million electronic water pumps [3] - This facility will enhance the company's international market presence and mitigate trade risks [3] Product Pricing and Capacity - The electronic pump series varies in price based on design, power (from 13W to 40kW), and voltage (up to 1500V), focusing on market competitiveness and profitability [4] - The civil sector's electronic pump production capacity is projected to reach 1.2 million units annually across four production lines [4] Market Comparison and Future Directions - The average price of electronic pumps in the civil sector is slightly higher than in the automotive sector due to the latter's mature and competitive market [5] - Future strategies include: - Strengthening market share in traditional thermal management - Increasing R&D for new energy thermal management components - Expanding into new civil sector products and markets - Actively pursuing internationalization through overseas production bases [6]