WLY(SZ:002434)2023-05-09 10:58Group 1: Automotive Components Business - The company focuses on the research, production, and sales of automotive transmission and drive system products, covering passenger vehicles, commercial vehicles, and new energy vehicles [2] - Key products in the new energy vehicle sector include EV reducers, EDS "three-in-one" and "multi-in-one" drive systems, and hybrid systems [2][3] - The commercial vehicle market emphasizes automatic transmission products (AMT), hybrid systems, and electric drive systems, with a growing demand for driving convenience and comfort [3] Group 2: New Energy Storage Business - The new energy storage business is operated by the subsidiary Wanliyang Energy, focusing on the operation of power-side energy storage stations and electricity market spot trading [2] - The installed capacity of operational power-side energy storage stations is approximately 1000 MW/2000 MWh, with projects located in Guangdong and Gansu provinces [3][4] - The company aims to develop independent energy storage projects, with a total scale exceeding 3000 MW/6000 MWh, and is actively pursuing projects in Zhejiang and Guangdong provinces [4] Group 3: Competitive Advantages in Energy Storage - The company has a project resource reserve advantage, with agreements to invest in independent energy storage stations totaling approximately 1000 MW [4] - Technological advantages include industry-leading capabilities in "value operation" and "station integration and access systems," supported by a self-developed power market simulation decision-making system [4] - Talent advantages stem from a professional design and R&D team established in major cities, enhancing the company's technical capabilities [4] Group 4: Recent Developments and Collaborations - The company has operational power-side energy storage stations with an installed capacity of about 40 MW, with ongoing construction of grid-side independent energy storage stations expected to be operational in 2023 [4][5] - A strategic cooperation framework agreement was signed with the Yangtze River Green Development Fund to jointly develop and operate new energy storage assets and virtual power plants [5] - The automotive transmission business has seen strong demand in 2023, with full orders for passenger car CVT automatic transmission products and a gradual recovery in the commercial vehicle market [5]