Jinfu Technology(SZ:300128)2023-01-13 13:06Group 1: Company Overview - Suzhou Jinfu Technology Co., Ltd. is involved in the production of aerogel thermal insulation products for power batteries, primarily supplying to major battery manufacturers like CATL [1][2]. - The company’s wholly-owned subsidiary, Xiamen Lifu, has been engaged in the aerogel business since 2015, initially focusing on thermal pads for laptops before transitioning to power battery applications in 2016 [2]. Group 2: Business Performance - As of the first half of 2022, Xiamen Lifu achieved a revenue of 178 million CNY, representing a year-on-year growth of 75.95% [2]. - The company has established itself as a key supplier of aerogel thermal insulation products to CATL and is expanding its market share [2]. Group 3: Market Position and Clients - Xiamen Lifu is currently a major supplier for CATL and is in discussions with potential clients including BYD, FAW-Volkswagen, XPeng Motors, and others [2][3]. - The company’s competitive advantage lies in its patented technologies that address the technical challenges of aerogel materials, particularly the issue of powder shedding [2][3]. Group 4: Future Plans - Xiamen Lifu is advancing towards automation in the manufacturing of aerogel products and aims to explore new application scenarios for aerogel materials in collaboration with upstream suppliers [3].