泰永长征(002927) - 2022年11月10日投资者活动关系记录表

Group 1: Company Overview and Market Position - The low-voltage electrical industry is highly competitive, with few companies showing long-term growth potential. The company's products are positioned in the mid-to-high end market, with approximately 40% of patents being invention patents, indicating a strong technological foundation [1] - The company focuses on the production and sales of charging piles, emphasizing product quality, reliability, and safety. Key clients include major operators like China Putian and BYD, as well as large real estate groups [1][2] Group 2: Charging Pile Business Insights - Currently, the sales revenue from charging piles is relatively small but growing rapidly. The sales of AC charging piles dominate in quantity, while DC charging piles account for about 20% to 30% of total sales revenue [2] - The average price for AC charging piles ranges from 1,500 to 2,000 RMB, while DC charging piles, such as the 120kW model, are priced around 50,000 RMB. The gross margin for charging piles is estimated to be around 30% [2][3] Group 3: Future Plans and Market Trends - The company plans to expand its charging pile business, particularly in high-speed service area charging stations, and is exploring partnerships with government investment platforms [2] - According to the Passenger Car Market Information Joint Conference, the retail sales of new energy passenger vehicles reached 556,000 units in October 2022, a year-on-year increase of 75.2%. The company aims to enhance its focus on the new energy sector, including the establishment of an independent new energy division [3] Group 4: Competitive Landscape and Risks - The company faces competition from both domestic and joint venture brands, with a focus on technological innovation and differentiation as key competitive advantages [4] - The risk of bad debts from real estate clients is considered manageable, as the company does not engage in direct trade with real estate companies [4]