The leader of China's automobile braking system industry Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) (002284) has recently received frequent notices of intention to supply cooperation from well-known automobile enterprises. This time, it will join hands with a new force in the field of new energy vehicles.
On January 3, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) announced that it had recently received a fixed-point notice from Zhejiang lingpao Technology Co., Ltd. (hereinafter referred to as "lingpao technology"), and the company would develop and produce products with electronic parking rear brake assembly (EPB) of a11 project as a parts development and production supplier of lingpao Technology. After receiving the notice, the company will immediately carry out follow-up work and actively promote it according to the requirements of the main engine factory.
Previously, on the evening of December 27, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) announced that it would develop and produce B07 front brake caliper assembly products for Great Wall Motor Company Limited(601633) . Affected by this news, the company's secondary market share price closed up nearly 9% the next day. In 2021, the company's share price has increased by more than 60%.
received zero running technology fixed point notice
Referring to the impact of receiving the fixed-point notice of Zero run technology, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) said that the above projects are expected to have no significant impact on the company's revenue and profit level this year. The actual supply may be affected by factors such as the mass production process of the automobile factory, market acceptance, the listing of competitive models and the macroeconomic situation, with uncertainty.
From the perspective of partners, Zero run technology was founded in 2015, headquartered in Hangzhou, Zhejiang Province, and jointly invested by Zhejiang Dahua Technology Co.Ltd(002236) and its main founders. It is an innovative intelligent electric vehicle enterprise, committed to building a global mainstream intelligent electric vehicle brand with high quality, internationalization and core technical capabilities.
Last August, Zero run technology completed a new round of financing, with a financing amount of 4.5 billion yuan. This round of strategic investment was led by CICC capital, Hangzhou state-owned investment, China Securities Co.Ltd(601066) and CITIC daika. This round of financing, together with the round B financing completed in January last year, has exceeded 8.8 billion in 2021.
As one of the new forces in the field of new energy vehicles, the delivery of zero running vehicles has increased significantly.
On the morning of January 1, Zero car released the vehicle delivery data in December 2021. Last year, 43121 vehicles were delivered, including 38463 for T03 and 4021 for C11. In the past 12 months, a total of 7807 Zero run vehicles were delivered, a year-on-year increase of 368%. By December 1, 2021, Zero run automobile has nearly 200 super stores, covering 90 cities across the country. It is expected that by 2022, the number of new supermarkets will double.
It is worth noting that recently, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) has frequently received notices of intention to supply cooperation from well-known automobile enterprises. On December 27, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) announced that the company will develop and produce the front brake caliper assembly of B07 model as a parts development and production supplier of Great Wall Motor Company Limited(601633) . On December 30, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) announced again that it would develop and produce ABS control module and G-sensor products from a Chinese vehicle enterprise.
concerned by institutional investors
Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) founded in 1979, the company has been focusing on the automotive braking system industry. Its main business is the development, production and sales of automotive basic braking system, automotive electronic control system, intelligent driving system, hub motor and chassis by wire system.
The customer resources of Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) include Chang'an, great wall, Geely, Wuling, FAW, SAIC, GAC, Dongfeng, etc. The company's product sales network covers China's major well-known vehicle enterprises and international well-known automobile multinational companies, and has been self exported to North and South America, Europe, the Middle East and other countries and regions. Now it has entered Volkswagen, GM, Honda, Nissan, PSA and other procurement platforms. At the same time, the company is also actively promoting its products and technology to new car manufacturers, We will try our best to develop more customer groups.
In terms of business performance, on October 25, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) released the third quarterly report of 2021, which showed that the company's main revenue was 2.534 billion yuan, a year-on-year increase of 28.76%; The net profit attributable to the parent company was 32.2678 million yuan, a year-on-year increase of 190.19%; In the third quarter of 2021, the revenue reached 795 million yuan, a year-on-year increase of 2.51%; The net profit attributable to the parent company was 1.522 million yuan, a year-on-year decrease of 83.63%.
Recently, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) has received frequent attention from institutions. On December 29, 10 institutions investigated Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) . They generally paid attention to the industry competition pattern, the impact of chip tension on the company, future business growth points, etc.
On December 29, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) said that at present, the competition in China's automobile braking system industry is mainly reflected in the OEM market, which is mainly reflected in the competition between a few large-scale Chinese enterprises and foreign-funded enterprises with strong technology R & D capability, sound quality assurance system. "The company's main competitors are foreign brands, but the competitors of different products and customers are different."
Referring to the impact of previous chip tension, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) believes that the chip shortage is both a crisis and an opportunity. The company began to formulate a plan to replace it with domestic chips in 2020. At present, many host factories are using domestic chips in large quantities. The company will actively promote its products to major vehicle manufacturers at home and abroad and strive for more projects.
In terms of future business growth points, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) frankly speaking, as a leading enterprise in China's automotive braking system industry, the company will continue to expand market coverage in the future, gradually realize the horizontal and vertical development of the global procurement platform of joint venture brands and mainstream independent brands, and accelerate the development of automotive electronic systems We will strive for more projects for the market promotion and application of intelligent driving and new energy hub motor products. The management of the company will do a good job in operation and management, improve profitability and market competitiveness, and strive to improve the company's efficiency.
(Securities Times · e company)
