KASUN(002418)2023-11-22 04:30Company Overview - Zhejiang Kangsong Co., Ltd. was established in 2002 and is the only A-share listed company in Chun'an County, Hangzhou [2][3] - The company has production bases in multiple provinces including Zhejiang, Sichuan, Shandong, and Jiangsu, employing nearly 3,000 people [3] Business Segments - The company operates in two core business areas: home appliance refrigeration pipes and components, and new energy commercial vehicles [3] - Kangsong has developed copper replacement products in the refrigeration parts sector, becoming a leader in this niche [3] - In the new energy commercial vehicle sector, Kangsong collaborates with industry leaders to enhance public transportation solutions [3] Investor Engagement - The investor relations activity included a site visit and discussions on company operations and product processes [2][4] - Key participants included representatives from Hong Kong Future Life Co., Guotai Junan, and Guohai Securities [2] Financial and Market Insights - The company is actively seeking new growth points in the new energy commercial vehicle market, which is characterized by intense competition [3] - Kangsong has secured significant public transport orders in various cities, including Chengdu and Hangzhou [3] Strategic Collaborations - A strategic cooperation agreement was signed with the Zhongwei Municipal Government for the deployment of immersion liquid cooling technology in data center thermal management [4] - The testing phase for the liquid cooling technology involves three stages: compatibility testing, long-term server operation testing, and lifespan testing [4] Product Development - The company has been testing its liquid cooling system since April 2023, achieving a PUE value below 1.1 under test conditions [4] - The liquid cooling data center is equipped with high-performance liquid cooling cabinets, including 30KW and 20KW models [4]