NCGF(SZ:300198)2022-12-08 08:44Group 1: Company Performance and Market Position - Fujian Wanrun has a high performance commitment and rapid growth, with confidence in future achievements due to a diverse product line in the new energy vehicle sector [1] - The company aims to maintain its leading market share in Fujian Province, targeting the production of 10,000 new energy vehicles by the end of 2015 [1] - The national policy support for new energy vehicles is expected to continue until the end of 2020, driving strong demand from end customers and vehicle manufacturers [1] Group 2: Technological Advantages - Fujian Wanrun's powertrain systems have been recognized for their stability, having undergone long-term operational testing without major quality issues [3] - The company leads in fuel efficiency among similar products, making its technology highly appealing to end customers [3] - Key technologies include high energy recovery braking systems and innovative clutch designs that reduce costs and improve reliability [4][5] Group 3: Sales Strategy and Market Expansion - The sales model includes direct supply to vehicle manufacturers and engagement with end customers like public transport companies to secure orders [6] - Fujian Wanrun has established long-term partnerships with over 20 specialized vehicle manufacturers in Fujian Province [6] - After the acquisition by Nanchuan Co., the company plans to leverage Nanchuan's nationwide sales network to expand its market reach [6] Group 4: Government Policies and Market Potential - Fujian Province aims to promote 10,000 new energy vehicles from 2014 to 2015, with significant financial support from the government [9] - The province's promotion plan includes a 1:1 subsidy matching the national standard, significantly reducing the purchase cost for customers [9] - Despite a low completion rate of 2% in Fujian by September 2014, the market potential remains substantial as policies are now being implemented [14] Group 5: Future Development Plans - Fujian Wanrun plans to launch a second-generation powertrain system with improved efficiency and lower costs starting in 2016 [15] - The company aims to enhance its production capabilities through mergers and acquisitions, positioning itself as a leader in the new energy vehicle parts market [15] - Nanchuan Co. intends to increase investment in research and development for Fujian Wanrun, enhancing its competitiveness in the new energy vehicle sector [17]