ZYNP(SZ:002448)2022-12-06 11:11Group 1: Product Advantages - The cast-in cylinder sleeve produced by the Anhui subsidiary targets the domestic passenger car market and offers several advantages over traditional cylinder sleeves, including high performance, better cooling efficiency, and reduced deformation [2][3] - The cast-in cylinder sleeve leads to lower fuel consumption and reduced harmful emissions due to its lightweight design and minimal deformation [3] - The strong bonding force between the cylinder sleeve and aluminum enhances thermal conductivity, allowing for efficient heat dissipation, which is crucial for engine performance [3] - The production process of the cylinder sleeve is automated, resulting in a cost reduction of approximately 10% compared to traditional methods [3] Group 2: Market Potential - Major international automotive companies such as Toyota, Mazda, Suzuki, Volkswagen, General Motors, and Ford are already producing aluminum engine blocks in China, indicating a significant market shift [3] - Domestic manufacturers like SAIC, FAW, Dongfeng, Changan, JAC, Chery, BYD, Geely, Great Wall, and Shenlong are also transitioning to aluminum engine blocks, suggesting a vast market potential for cast-in cylinder sleeves [3] Group 3: Raw Materials and Costs - The primary raw materials for the company's products include pig iron and scrap steel, with material costs accounting for over 50% of the main business costs [4] - The company possesses multiple patents related to cylinder sleeve materials, processing technologies, and testing techniques, contributing to its core technological capabilities [4] Group 4: Future Development Plans - The company's future development strategy includes modular supply of key engine components such as cylinder sleeves, bearings, piston rings, and pistons [4] - The company aims to diversify into intelligent manufacturing, high-end equipment manufacturing, and the automotive aftermarket, enhancing its core competitiveness [4] - The partnership with Lingdong Feiyang focuses on resource integration for collaborative development in active safety driving and intelligent driving systems, aiming to strengthen market presence [4]