FLAC(SZ:002536)2025-12-26 09:10Group 1: Company Overview - Feilong Automotive Parts Co., Ltd. has over 70 years of development history, focusing on thermal management system solutions [3] - The company has two main development phases: prior to 2017 focused on automotive thermal management components, and from 2017 onwards, expanding into civilian markets [3] - The company operates four R&D centers and has established a national-level enterprise technology center [3] Group 2: Subsidiary Information - Zhengzhou Feilong, established in 2013, has over 480 employees and total assets exceeding 600 million RMB [3] - The subsidiary has production capabilities of 1 million electronic water pumps, 2 million temperature control valves, and 1 million integrated modules annually [3] - Anhui Hangyi Technology, founded in July 2025 with a registered capital of 50 million RMB, focuses on liquid cooling pumps for data centers and charging stations [4] Group 3: Product Applications - The company's products are applicable in various fields including automotive, server liquid cooling, AI liquid cooling, and renewable energy sectors [5] - Current production capacity for engine thermal management products includes 8 million mechanical water pumps and 4.5 million exhaust manifolds [6] - The company has over 120 ongoing R&D projects in both automotive and liquid cooling sectors [7] Group 4: Market Presence and Clients - The company supplies products to over 200 domestic and international clients, including major automotive manufacturers like Chery and Geely [8] - Key overseas clients include BorgWarner, Cummins, and Ford, with over 50 international partnerships [6] - The company has established strong relationships with over 40 leading enterprises in the server liquid cooling sector [9] Group 5: Future Strategy - The company aims to solidify its automotive thermal management business while transitioning to a system solution provider [10] - Plans to expand overseas operations, particularly in Southeast Asia and Central Asia, leveraging its production base in Thailand [10] - The strategy includes extending thermal management technology applications to high-tech fields such as robotics and 5G infrastructure [10]