FLAC(SZ:002536)2025-06-09 11:18Group 1: Company Overview - Feilong Automotive Parts Co., Ltd. has over 70 years of development history, established in 1952, focusing on thermal management system solutions [2] - The company has two main development phases: prior to 2017 focused on automotive thermal management components, and from 2017 onwards, expanding into non-automotive markets [2] - The company has established four R&D centers in Shanghai, Wuhu, Neixiang, and Xixia, with a focus on new energy thermal management components [2] Group 2: Production Capacity and Facilities - Wuhu Feilong, established in March 2003, occupies 100 acres with a registered capital of 100 million RMB and a total investment of 800 million RMB [2] - The production capacity includes 2 million mechanical water pumps, 7.5 million electronic water pumps, and 1.4 million electronic oil pumps annually [2] - The company plans to launch its Thailand factory by the end of June 2025, with an expected production capacity of 1.5 million turbo shells, 1 million exhaust manifolds, 500,000 mechanical water pumps, and 1 million electronic water pumps per year [6] Group 3: Product Development and Market Expansion - The company’s new energy thermal management products include electronic water pumps and thermal management systems [5] - Over 100 projects are currently underway in the civil sector, covering applications such as server liquid cooling, energy storage, and robotics [6] - The company has established relationships with over 50 clients in the civil sector, with more than 70 projects in progress, some already in mass production [4] Group 4: Future Development Plans - The company aims to consolidate its market share in traditional thermal management while increasing R&D and production of new energy thermal management components [7] - Plans to expand into new civil sector products, clients, and markets, leveraging overseas production bases for international market penetration [7] - The company is focused on enhancing product efficiency and market competitiveness in the server liquid cooling sector [6]