The cooling company Taishuo (3338-TW) has achieved success in its automotive layout and entered the supply chain of the leading electric vehicle manufacturer in China. It won a large order for the cooling module of the central control platform. In response to the surge in orders, Taishuo also increased its production lines this month. Total production capacity doubled, and shipments ushered in explosive growth.
The customer of Taishuo mainly promotes new energy vehicles, and its global sales once surpassed Tesla (TSLA-US). The automaker was also favored by the stock god to buy shares. In the first October of this year, the sales of new energy vehicles reached 419,000, an annual increase of 212%. The goal of 700,000 vehicles will be surpassed throughout the year.
Taishuo bluntly said that this year’s automotive customers are stronger than last year, and the number of orders has increased significantly in recent months. The production capacity has exceeded demand. This month, the production line has been expanded rapidly, and the total production capacity has increased by multiples. It will not rule out further expansion next year. .
Taishuo began to deploy in the automotive market 2-3 years ago, benefiting from technological improvements such as water cooling and cooling modules, and after competing with a number of Chinese cooling plants, it stood out. Under the wave of electric vehicles, shipments jumped sharply.
The Dong Zuo of the Chinese electric vehicle factory is also optimistic in the near future. China’s electric vehicle performance and cost of use have surpassed traditional fuel vehicles and ushered in an unprecedented period of development. The penetration rate of new energy vehicles will rise from 5-6% at the beginning of the year to October. 20%.
The director expects that China’s new energy vehicle sales this year is expected to exceed 3.3 million, and the penetration rate of China’s new energy vehicles will exceed 35% by the end of next year. With the increase in the penetration rate of new energy vehicles, Taishuo is the largest supplier of the car factory, and shipments will also usher in explosive growth.
Taishuo’s operation is at a bottom due to the continuous delay of China’s 5G infrastructure progress, coupled with the slowdown in demand for mobile phones and laptops, but the company is actively expanding its production of diversified applications, and vehicles are expected to fill the gap, and the gross profit margin of vehicles is higher than average , Under the bet of the server, the profit will rise again.
Taishuo has reported the cost of raw materials to its customers. The gross profit margin in the third quarter has rebounded to 19%. It is optimistic that the automotive heat dissipation module will continue to increase in volume. This quarter’s gross profit margin will remain unchanged from the previous quarter; the net profit after tax in the first three quarters is 115 million yuan, a year-on-year decrease 38.1%.
In terms of the proportion of Taishuo’s revenue in the first three quarters, laptops accounted for 49%, PCs accounted for 12%, servers accounted for 14%, communications accounted for 10%, and projectors and cars accounted for 10%.
