FLAC(SZ:002536)2025-11-03 09:16Company Overview - Feilong Automotive Components Co., Ltd. has over 70 years of development history, focusing on thermal management system solutions [2] - The company has two main development phases: prior to 2017, focusing on automotive thermal management components; and from 2017 onwards, expanding into civilian market clients [3] 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 [3] - Products are sold nationwide and exported to over 200 domestic and international clients, serving more than 300 factory bases globally [3] Key Products and Applications - Major overseas products include turbine housings and exhaust manifolds, with over 50 key clients such as BorgWarner, Cummins, and Ford [3] - The turbine housing product, recognized as a manufacturing champion by the Ministry of Industry and Information Technology in 2024, is crucial for both traditional and new energy vehicles [3] New Energy Vehicle Product Layout - The company supplies electronic pump series, temperature control valves, and integrated modules for pure electric vehicles, and exhaust manifolds for hybrid vehicles [4] Liquid Cooling Sector - The liquid cooling product line includes electronic pumps, thermal management control valves, and sensors, with several products entering the mass production phase [4] - The company has established partnerships with over 40 leading firms in the server liquid cooling sector, with some projects already in small batch supply [5] Strategic Vision and Future Opportunities - The company aims to leverage its core strengths in the automotive sector while expanding into commercial liquid cooling, charging stations, and energy storage systems [5] - The establishment of the first overseas smart factory in Thailand serves as a strategic point to penetrate the Southeast Asian market and capitalize on regional growth opportunities [5]