中鼎股份(000887):ANHUI ZHONGDING SEALING PARTS CO.,LTD. ABSTRACT OF THE SEMI-ANNUAL REPORT 2024
AbstractoftheSemi-AnnualReport2024 StockAbbreviation：ZhongdingStock StockCode：000887 August2024 AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024
WhethertheCompanyperformedaretroactiveadjustmenttoorrestatementofaccountingdataAnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024
Unit:share
?Applicable?N/A Unit:share
D. ChangesOfTheControllingShareholderOrTheActualController Changeofthecontrollingshareholderinthereportingperiod □Applicable√N/A TherewasnoanychangeofthecontrollingshareholderoftheCompanyinthereportingperiodChangeoftheactualcontrollerinthereportingperiod □Applicable√N/A TherewasnoanychangeoftheactualcontrolleroftheCompanyinthereportingperiodE. TheTableOfTheTotalNumberOfTheCompany’sPreferredShareholdersAndTheShareholdingSituationOfTop10PreferredShareholders □Applicable√N/A Thereisnoshareholdingofpreferredshareholdersduringthereportingperiod.F. StatusOfTheBondsExistingOnTheDateOfApprovalOfTheSemi-AnnualReport□Applicable√N/A 3. ImportantItems Thecompanycontinuedtopromotethecostcontrolandrefinedmanagementofoverseasfactoriesanditfurthercarriedoutaseriesofmeasuressuchascostoptimizationandnon-corebusinessdivestitureofoverseasenterprises, which increased the speed and certainty of overseas business recovery; through continuous managementimprovement,domesticandforeignbusinesshasbeenfullyrestoredandmaintainedacontinuouspositivegrowthtrendandthecompany'soverallprofitgraduallyincreased.Onthebasisofyearsofmutualadaptationwithoverseasenterprises,thecompanyhasgraduallystrengthenedthestrategyofmanagementoutputandculturaloutput,upgradedfromregionalmanagementtomodularmanagement,strengthenedthecostcontrolofoverseasenterprises,promotedbusinessintegrationandmarketexpansion,atthesametime,takeadvantageoftheChineseengineerbonus,andfurtheracceleratetechnologyabsorptionandinnovation.Whilemaintainingthesteadygrowthoftraditionalbusinesses,thecompanycontinuestopromotethegrowthofincrementalbusinessesofairsuspensionsystems,lightweightchassissystems,andfluidpipelinesystems.Currently,theincrementalbusinesshasagoodmomentumofdevelopment.Thecompanywillcontinuetofocusonthecorestrategicgoalofintelligentchassissystem,andpromotethecompany'sbusinesstomovetowardsintelligence.Thecompanycontinuedtorankamongthe"Top100GlobalAutoPartsIndustry"(ranked89th).AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024 1) IntelligentChassissystembusiness-Airsuspensionsystem a. IntroductionofProducts Comparetocoilspringsuspension,airsuspensionsystemhastheadvantagethattheSpringstiffnesscanbe adjustedaccordingtodifferentusagescenario.Baseonthedifferentroadconditionsandtheinputfromtheheight andaccelerationsensor,theECUofECASsystemwillidentifythevehicleheightchange,theairheightofair springcanbeadjustedthroughthecontroltheaircompressorandvalveblocktorealizetheliftorloweringofthe vehiclebody.Itcanmakethevehiclebodymorestableandimprovethetrafficabilitycharacteristic.Theapplication ofECASsystemcanimprovethecomfortandthemanoeuvrabilityofvehicle.ThescopeofECASincludesair compressor,ECU,Multiplesystemsensors,airspringsandshockabsorberetc.b. FutureMarketpotential Withthecomingeraofnewenergyvehicles,theappealofnewenergyvehiclesintelligent,whilechassisprotectionairsuspensionsystemisnolongertheexclusivehigh-endmodels,becausethenewenergyvehiclechassissystemstabilityrequirementsaremuchhigherthanpurefuelvehicles,airsuspensionsystemhasgraduallybecomethemainstreamconfigurationofthenewenergyvehicleplatform.Leadingvoiceintelligentsystem,intelligentairsuspensionsystemandexcellentautomaticdrivingfunctionarethecoreofcurrentautomobileintelligence.Tesla,NIO,LiAuto,XiaopengandothernewermergingNEVmanufacturers are also equipped with these technologies and intelligent functions such as air suspension AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024recognitionoftheultimateexperienceofairsuspensionproducts,moreandmorecarswillbeequippedwithairsuspensionsystemstoimproveproductsuperiorityandcustomersatisfactioninthefuture.Inadditiontothepassengercar,developedcountriesinthevastmajorityofmedium-sizedpassengercarsandlightcommercialvehiclesareusedintheairsuspensionsystem,heavytruckinadditiontotheengineeringcarroadtransportvehiclealmostalluseairsuspensioninChinain2018effectiveGB7258motorvehicleoperationsafetytechnicalconditionsalsorequire:"TherearaxleofDangerousgoodstransporttruckswithatotalmassgreaterthanorequalto12,000kg,allsemi-trailersfortransportingdangerousgoods,aswellasthree-axlefencetype,warehousegridtypeSemi-trailersshouldbeequippedwithairsuspension."At present, the air suspension system has gradually moved from high-end to popularization and hasultimatelybecomeanindispensablepartofautomobiles,especiallyintelligentautomobiles.c. Companyindustrypositionandbusinesspromotion AMKGermany,asahigh-endsupplierofairsuspensionsystem,isoneofthetopthreeleadersintheindustry.Sinceenteringthefieldofairsuspensionsystembusinessinthe1990s,ithascontinuouslyimprovedtheproductassemblytechnology,andhasbeendeeplyengagedintheindustryformorethan20years,supportingtheworld'sleadingvehiclemanufacturerssuchasJaguar,Volvo,Audi,Benz,BMWetc.Thedomesticairsuspensionmarketisinitsinfancy,andAMKChinahasbeenacceleratingtheimprovementoftheperformanceandcostoptimizationoftheairsuspensionsystemsupplychainintheChinesepassengercarmarket.AMKcontinuedtodevelopsteadilyaroundthestrategicgoalsof"localizationpromotion,technologyiterationandupgrading,andindustrialstrengtheningandcompleting".AMKChinahasobtainedordersfrommanydomesticnewemergingmanufacturersandleadingvehiclemanufacturers.DingyuTechnology,asubsidiaryofthecompany,relyingonthegroup'scoreadvantagesintherubberfield,focusesontheresearchanddevelopmentandproductionofairspring,andwillactivelypromotetechnologicalbreakthroughstofurtherimprovetheperformanceofrelatedproducts.Atpresent,theairspringandgasstoragetankproductshave obtainedorders.Atthe sametime, thecompanyisalsoacceleratingthelayoutofthemagnetorheologicalshockabsorberproject,wearealsoacceleratingtheconstructionoftheprojectproductionline. Uptonow,thecomphasreceivedorderswithatotaloutputvalueof14.4billionRMB,ofwhichthetotaloutputvalueoftheassemblyproductorderisabout1.7billionyuan.Itisexpectedtogetmoreordersinthefuture.2) IntelligentChassisSystemBusiness-LightweightchassissystemAnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024 Automotive metal parts are widely used in automotive chassis systems, including steering systems, suspensionsystems,brakingsystemsanddrivingsystems.Thelightweightofautomobileshasformedabroad consensusintheautomobilemanufacturingindustry.Thelightweightofthechassisplaysavitalroleinthe performanceofthewholevehicle.Lightweightchassisproductssuchasaluminumalloycontrolarmassemblies havehighvaluepervehicle,itisacorepartsofoperationalstabilityandcomfortability.b. Futuremarketpotential Duetotheneedsofenvironmentalprotectionandenergysaving,thelightweightofautomobileshasbecomethetrendofautomobiledevelopmentintheworld.Thelightweightofautomobilesisnotonlysuitablefortraditionalfuelvehicles,fornewenergyelectricvehicles,itisalsoveryimportanttoreducebodyweightandachievevehiclelightweight,becauseitisrelatedtothemainbatterylifeofnewenergyvehicles.Experimentshaveshownthatintermsofaccelerationperformance,ittakesabout10secondsfora1.5-toncartoacceleratetoaspeedof60kilometersperhour;iftheweightisreducedby25%,itcanbereducedto8seconds.Lightweightthechassis,thebenefitsintermsoffuelconsumption,handling,etc.farexceedthelightweightofothercomponentsatthesamelevel.Themassofmostcomponentsonthechassisisunsprungweight.AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024Relativelyspeaking,themassofthebody(structuralparts,reinforcementspartsandcoveringsparts)issprungweight.Itisgenerallybelievedthattheeffectofthesamemagnitudeofunsprungweightreductionis5-15timesthatofthesprungweightreduction.Atthesametime,lighteningtheunsprungweightincreasestheratioofthesprungmasstotheunsprungweight,whichisequivalenttotheathleteremovingthesandbagtiedtothelegs,whichcansignificantlyimprovetheresponsespeedandcomfortofthecarduringacceleration,brakingandsteering. c. Companyindustrypositionandbusinesspromotion Inrecentyears,thecompanyhasbeenvigorouslydevelopingchassislightweightsystemassemblyproducts,andtheforgedaluminumcontrolarmassemblyprojecthasmadebreakthroughprogress.Atthesametime,itssubsidiarySichuanWangjinCompany,whosecoretechnologyistheballjointassemblyproduct,isthecoresafetycomponentandperformancecomponentofthechassissystem.Ithastheworld'sleadingtechnologyandhasaveryhightechnicalthreshold. Withthecontinuousadvancementofthecompany'slightweightchasissystemassemblybusiness,ithasobtainedordersfrommanytraditionalOEMssuchasBenz,Changan,Cherry,GAC,BYD,etc.Whilemaintainingthesteadydevelopmentofthedomesticlightweightbusiness,thecompanyisalsoactivelylayingouttheoverseaslightweightmarket.Atpresent,thecompany'slightweightfactoriesinSlovakiaandMexicoareunderconstruction. InSemi-Annual2024,thecompany'slightweightbusinessaccumulatedordersofabout4.6billionyuan.3) TMSsystem a. IntroductionofProducts German TFH, a subsidiary of the company, has been promoting R&D and production of thermalmanagement pipeline products. On the basis of supporting traditional thermal management pipelines, TFH vigorouslypromotesthethermalmanagementpipelinesystemassemblybusinessofnewenergyvehicles,andactivelyexpandstheapplicationofnewmaterialsinproducts.TFHvigorouslydevelopstheapplicationofnylonpipesandTPVmaterials.Comparedwithtraditionalinternalcombustionenginepipes,theapplicationofnewtechnologiescanmakeproductslighterinweight,lowerincost,andmoreflexibleinassembly.Inaddition,itcanmaintaingoodNVHandflexibility.Withitsinnovativeandtechnologicallyswiftupdatingcapabilities,TFHisabletorespondtochangesinhybridandfuelcellvehiclesandisactivelyengagedinadvanceddevelopmentprojectswithseveralOEMscustomers. AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024b. Futuremarketpotential Asthetemperaturecontrolrequirementforbatterymodulesofthenewenergyvehicleismuchhigherthanthoseoftraditionalvehicles,andalsobecauseoftheabsorptionofTFHpipelineassemblytechnology,Thetemperaturecontrolrequirementsofnewenergyvehiclebatterymodulesaremuchhigherthanthoseoftraditionalvehicles.Atthesametime,withthecompany'sdigestionandabsorptionofTFHpipelineassemblytechnology,thecompany'sfluidpipelineproductswerepricedataround300yuanpervehicleintraditionalvehiclesbefore.Now,theycanbepricedatover1000yuanpervehicleinnewenergyvehicles,andcanbepricedat1500yuanforextendedrangevehicles.Atthesametime,theTMSassemblycanreach5000yuan.Withthecontinuousdevelopmentofnewenergyvehicles,therapidgrowthofAIalgorithm,andtheincreasinglystrictrequirementsforPUEenergyefficiency,themarketforTMSforNEV,TMSforESS,andTMSforIDCisalsorapidlyexpanding. c. Thecompany'sindustrystatusandbusinesspromotion ThecompanyhasbeenpromotingtheR&Dandproductionofthermalmanagementpipelineproductsformanyyears, andits subsidiaryGerman TFH is justan excellentsupplierofthermalmanagementpipelineassemblyproductsforenginesandnewenergyvehiclebatteries.TFHhastheexclusiveproductiontechnologycreatubeprocesswithindependentpatentandthecoretechnologyofTPVhoseandnylontube,whichranksamongthetoptwointheworldintheindustrysegment.Thecompanyvigorouslypromotesthebusinessofthermalmanagementpipelinesystemassemblyfornewenergyvehicles,andcurrentlyithasbeensuppliedtoBMW,Volkswagen,Volvo,Audi,Geely,XiaopengandLIandothernewenergyvehicleplatforms.AnhuiZhongdingSealingPartsCo.,Ltd.AbstractoftheSemi-AnnualReport2024Anhui Zhongding Fluid System Co.,Ltd. and Zhongding Intelligent TMS Co.,Ltd. , the company’ssubsidiaries,leadthedevelopmentofTMSassemblybusiness,activelylayouttheresearchandproductionofTMSassemblyandcoreproducts,andhaveindependentintellectualpropertyrights.Atpresent,aseriesofproductshavebeenlaunched,suchasTMSforESS,TMSforIDC,TMScontroller,PTsensor,Manifoldandother.ThecompanyisalsoactivelypromotingtheimplementationofmoreNEVTMSproducts.InSemi-annual2024,thecompany's TMSbusinesshasaccumulatedordersofapproximately5.6billionyuan.4) SealingSystem Thecompany’ssubsidiaries,KACO GmbH+Co.KGinGermany, CooperintheUnitedStates,andACUSHNETintheUnitedStates,havethetopthreesealingtechnologiesintheworld.KACOactivelypromotestheportfolioforNEVonbehalfofthecompaniesunderthesealingsystem,andhassuccessfullydevelopedandmatchednewenergymotorsealsofhigh-performance.Atthesametime,thecompanyhasdevelopedthemass-producedproductsfornewenergybatterymodulesealingsystemsandelectricaxleassembliesnow,whicharedeliveredtoNEVplatformsofVolvo,SAIC,GACandNIO. The automotive sealing industry is a high-tech barrier industry with extremely high requirements for reliability.Dynamicsealhasthemostdifficulttechnologyinthesealingindustry,especiallythehigh-speedoilsealfornewenergyvehiclemotors,whichrepresentsthemostadvancedtechnicallevelintheglobalsealingindustry.Inrecentyears,thecompanyhascontinuedtoincreasethespeedofbusinessexpansion,especiallyintheAmericanbrandcarandlocalbrandcustomers,whichhasmadegreatbreakthroughs,andtheindustrymarketsharehassteadilyincreased. 中财网
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