Kewell(SH:688551)2023-09-25 02:10Group 1: Company Overview - The company has a leading market share in the high-power testing power supply sector, although specific third-party data is not available [1] - The small-power testing power supply is currently in the early stages of market development, with a low market share [1] - The production line products are mainly applied in the new energy automotive lithium battery sector, with the company starting late in this area [1] Group 2: Market Position and Performance - In the fuel cell sector, the company ranked first in 2022 with a market share of approximately 22% for fuel cell stack testing systems and fuel cell engine testing systems [3] - The company has recently won a bid for a domestic order from CRRC, marking the first use of domestic equipment by downstream manufacturers [3] - The semiconductor industry is currently experiencing a downturn, affecting order expansion for the company [3] Group 3: Customer Demand and Applications - Customer demand for the company's products primarily comes from two areas: R&D for new product development and production line testing solutions due to capacity expansion [3] - In the photovoltaic sector, major downstream customers include inverter manufacturers such as Sungrow, Huawei, Jinlang Technology, and GoodWe [3] - The company has established orders in the testing equipment for PEM, ALK, and AEM electrolyzers [3]