After hours on March 11, Sichuan Chuanhuan Technology Co.Ltd(300547) announced that the company had recently received five supporting development projects of Byd Company Limited(002594) automobile. Unexpectedly, an urgent correction announcement was issued three hours later to correct Byd Company Limited(002594) automobile to a new energy brand main engine factory in China, and the rest remained unchanged.
Investors in the stock bar ridiculed: "too Versailles"! In recent years, Sichuan Chuanhuan Technology Co.Ltd(300547) has attracted 5 groups of institutions to investigate the field of new energy vehicles since 2022P align = "center" [Click to view the original post]
Byd Company Limited(002594) corrected to head new energy main engine factory
After hours on March 11, Sichuan Chuanhuan Technology Co.Ltd(300547) announced that the company had recently received five supporting development projects of Byd Company Limited(002594) automobile (limited to confidentiality agreement and unable to disclose specific models), namely "cooling pipe assembly (1-4), water inlet and outlet pipe assembly (1-3), drainage pipe, cooling pipe assembly (1-9) and electric control connecting water pipe of motor". The estimated life cycle of the project is 5 years, and the total amount of the life cycle is about 800 million yuan to 1 billion yuan. The company will complete the development and production of the above series of products within the specified time according to the requirements of customersP align = "center" Image Source: Sichuan Chuanhuan Technology Co.Ltd(300547) announcement
The announcement said that the notification of five project development fixed points obtained by customers this time is another important achievement of the company in the development of new energy vehicle market, and plays a positive role in accelerating the layout of new energy vehicle pipeline market. According to reports, the development fixed-point notice is the customer's recognition of the supplier's designated product development ability and supply qualification.
Who knows, three hours later, the company issued a correction announcement saying that corrected " Byd Company Limited(002594) automobile" to "a new energy brand host factory in China" p align = "center" Image Source: Sichuan Chuanhuan Technology Co.Ltd(300547) announcement
In fact, Sichuan Chuanhuan Technology Co.Ltd(300547) and Byd Company Limited(002594) have cooperated for a long time. When accepting the institutional investigation on January 6, 2022, Sichuan Chuanhuan Technology Co.Ltd(300547) said that the company participated in the matching of Byd Company Limited(002594) dolphin, yuan, Qin, Han and song models, including hybrid models and pure electric models. The company will continue to strengthen cooperation with Byd Company Limited(002594) in the future, actively participate in the synchronous development of pipelines for new generation models and modified models, and fully ensure the pipeline supply and distribution of Byd Company Limited(002594) new energy models.
vigorously expand the field of new energy vehicles
Sichuan Chuanhuan Technology Co.Ltd(300547) is mainly engaged in the R & D, design, manufacturing and sales of rubber and plastic hoses and assemblies for automobiles and motorcycles.
In recent years, the field of new energy vehicles has been the key development direction of Sichuan Chuanhuan Technology Co.Ltd(300547) . On the one hand, the company actively participates in the synchronous development of new generation models and modified models of new energy vehicle manufacturers. On the other hand, it strengthens the development of new customers. The company has passed the system audit of ideal vehicle and is developing the pipeline of a certain model synchronously.
At present, the company's new energy vehicle customers include Byd Company Limited(002594) , GAC ea'an, Wuling mini, Nezha, BAIC Jihu, Chang'an new energy, jinkangsailis, Weima, Weilai, Lingke, jikrypton, Dongfeng lantu, etc.
Sichuan Chuanhuan Technology Co.Ltd(300547) has obvious advantages in the market expansion of new energy vehicles. The company has cooperated with independent brand automobile manufacturers for a long time, and has basically realized the full coverage of independent brand automobile manufacturers. At present, most new energy vehicle brands on the market are independent brands, so it is natural for the company's products to enter the field of new energy vehicles.
Sichuan Chuanhuan Technology Co.Ltd(300547) chairman Wen Qichao said that the new energy vehicle market has broad prospects, and the related new energy vehicle pipeline market also has good development prospects and predictable growth space.
The new energy vehicle industry development plan (20212035) proposes that by 2025, the sales of new energy vehicles will reach about 20% of the total sales of new vehicles. In 2021, new energy vehicles accounted for only 13.4% of new car sales.
gross profit margin is expected to increase
Since 2022, Sichuan Chuanhuan Technology Co.Ltd(300547) in Dazhou, Sichuan Province has attracted five groups of institutions, all of which have focused on the expansion of the company's new energy vehicle business. Institutions participating in the research include Guosen Securities Co.Ltd(002736) , China Securities Co.Ltd(601066) , industrial fund, etcP align = "center" Image Source: cninfo.com
China Greatwall Securities Co.Ltd(002939) believes that the company has accumulated more than 40 years of mature experience in the development and industrialization of vehicle rubber hose and assembly. In addition to the research and development and production of vehicle rubber hose, it also has a very strong assembly supply capacity. Electric vehicle enterprises prefer the procurement mode of assembly and one-stop packaging. Therefore, the company has won the favor of new car manufacturers such as Weima and Weilai. At present, there are few companies with strong assembly supply capacity in the same industry, and the company has fewer competitors in the assembly supply process, so the company has strong bargaining power.
China Greatwall Securities Co.Ltd(002939) said that the company has received a large number of orders from new energy vehicle enterprises such as Byd Company Limited(002594) , gac-e'an, jikrypton, Nezha, Weima and jinkangxilis. The products are obviously in short supply. It is expected that large-scale production will be carried out from 2022 to 2023. Therefore, the proportion of new energy vehicle business revenue of the company will increase rapidly in the future. The gross profit margin of the company's new energy vehicle hose business is significantly higher than that of traditional fuel vehicles. With the increase of the proportion of the company's new energy vehicle business, the overall gross profit margin will continue to increase.
