Securities code: 300473 securities abbreviation: Fuxin Dare Automotive Parts Co.Ltd(300473) Announcement No.: 2022-005
Bond Code: 123011 bond abbreviation: Dell convertible bond
Fuxin Dare Automotive Parts Co.Ltd(300473)
Announcement on receiving fixed-point notice from customers
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Project location overview
The holding subsidiary of Fuxin Dare Automotive Parts Co.Ltd(300473) (hereinafter referred to as “the company”) carcoustics International GmbH (hereinafter referred to as “carcoustics” or “the subsidiary”) recently received a letter from a well-known German vehicle manufacturer (limited to confidentiality agreement and unable to disclose its name, hereinafter referred to as “the customer”) on the designation of battery fire protection products for electric vehicles, The total expected sales amount in the life cycle is about 165 million euros.
2、 Impact on Listed Companies
The company and its subsidiaries have laid out noise reduction, heat insulation and lightweight products for many years. They have the advantages of core technology and process of acoustics and thermodynamics, and tailor-made acoustics, thermodynamics and lightweight system solutions for customers. Their products involve sound insulation, heat insulation and electromagnetic compatibility shielding. While supporting traditional vehicles, through continuous innovation and research and development, we have vigorously promoted the business of new energy vehicles and actively expanded the application of products in new energy vehicles. In the field of battery shielding, we have developed products such as battery protective cover, battery pack electromagnetic shielding cover, electric machine coating and air conditioning compressor coating for new energy vehicles. The electric vehicle battery fire protection products developed for customers this time can better improve the safety performance of electric vehicles.
This time, the battery fire protection products have been designated by customers, which is another designated product of this kind of products after the company obtained the letter of designation of Volkswagen AG battery protective cover products (see the announcement on receiving the notification of customer designation disclosed by the company on October 21, 2021), which is conducive to the company’s product R & D and upgrading and new customer development in the application field of new energy vehicles, Strengthen the company’s global position in developing product solutions suitable for electric vehicles, and provide efficient solutions for the company’s commitment to the accelerating transformation and transformation of the automotive industry and the future of electrification; It fully reflects the company’s comprehensive strength in electric vehicle customer development and new market development.
The subsequent company will complete the production of the above series of products within the specified time according to the customer’s requirements. This matter will not have a great impact on the company’s performance this year, but it will help to improve the company’s business income and benefits in the future, promote the long-term development and sustainability of the company’s business, and expand the space of high-end product market.
3、 Risk tips
1. The fixed-point letter does not constitute an order or sales contract, and the actual supply volume shall be subject to the formal sales contract and order. 2. Affected by the automobile industry policy, the overall environment of the automobile market and the adjustment of production plan or demand by the main engine factory, the supply time and quantity of the company may not meet the expected risk.
In view of the above risks, subsequent companies will actively do a good job in product development, production and supply, strengthen risk control and reduce the risks that may be caused by market fluctuations. Please pay attention to investment risks.
It is hereby announced.
Fuxin Dare Automotive Parts Co.Ltd(300473) board of directors
February 8, 2022
