Chuanhuan Technology(SZ:300547)2023-01-12 09:24Group 1: Company Overview - Sichuan Chuanhuan Technology Co., Ltd. is involved in the production of pipeline systems for various automotive applications [2] - The company has established partnerships with major clients in the new energy vehicle sector, including BYD, GAC Aion, and others [3][4] Group 2: Market Insights - The total sales volume of automobiles in China is projected to reach 27.6 million units in 2023, with a year-on-year growth of 3% [3] - New energy vehicle sales are expected to hit 9 million units in 2023, reflecting a significant year-on-year growth of 35% [3] - By 2035, it is anticipated that new energy vehicles will account for 50% of total vehicle sales in China [3] Group 3: Product Development and Client Engagement - The company has secured contracts for turbocharger and cooling pipeline systems with Li Auto [4] - Chuanhuan Technology has been a strategic supplier for various models of BYD, including the Dynasty series and Ocean series [3][4] - The company is actively involved in the development of pipeline systems for traditional automakers transitioning to new energy vehicles, such as Changan and Geely [4] Group 4: Production Capacity and Infrastructure - The new factory's workshops 101 and 102 are operational, with ongoing capacity ramp-up [5] - Workshop 103 is approximately 90% complete, while workshop 104 is about 50% finished [5] Group 5: Product Value and Market Position - The value of pipeline systems varies: traditional fuel vehicles range from 200-400 RMB, pure electric systems from 400-600 RMB, and hybrid systems from 800-1000 RMB, with some designs reaching up to 1200 RMB [4] - The company has a competitive edge in producing both rubber and nylon pipeline systems, catering to diverse automotive design requirements [5]