The intention agreement between the hottest Xiang

2022-08-12
  • Detail

The intention agreement between Xiang oil pump and Geely is nearly 500million orders

at present, Xiang oil pump () is one of the largest enterprises in the production of engine pump products in China. As a primary supplier of more than 20 main engine plants at home and abroad, the company develops fixed-point directional supply synchronously with large vehicle enterprises, and the sales volume increases year by year. Recently, the announcement of Xiang oil pump showed that the company also received Geely Automobile

at present, Xiang oil pump () is one of the largest enterprises in the production of engine pump products in China. As a primary supplier of more than 20 main engine plants at home and abroad, the company has developed fixed-point targeted supply synchronously with large vehicle enterprises, and the sales have increased year by year

recently, the announcement of Xiang oil pump showed that the company received the fixed-point notice of Geely Automobile and Nanjing Iveco new products at the same time. In the future, the company will develop and support 40000 sets of oil pump components per month and 50000 sets of tandem pumps per year respectively. Geely Automobile's intention agreement alone is expected to reach 480 million yuan, with orders of nearly 500 million yuan, accounting for nearly half of last year's revenue

the customer's new product development process may take up to 2-3 years. The company has established a long-term and stable strategic supporting cooperative relationship with car enterprises to lay the foundation for subsequent sales. Relying on the synchronous development with key customers, the company's revenue has increased year by year since its listing. In 2019, the company's revenue exceeded 1billion yuan for the first time, nearly doubled compared with that when it was listed in 2016, and the production and sales of engine pump products increased by more than one million

it is reported that the company's revenue in the first three quarters reached 960 million yuan, an increase of 39.77% year-on-year, close to last year's full year, with a net profit of 130 million yuan, an increase of 68.58% year-on-year. This year, the company's performance is expected to reach a record high

supporting 40000 oil pumps per month for Geely

on November 4, Xiang oil pump announced that it had recently received a fixed-point notice of new products from Ningbo Geely Automobile, and the company would develop and support oil pump components for Geely Automobile, with a mass production scale of 40000 units/month; At the same time, the company also received a new product contract from Nanjing Iveco. The company will develop and support the "oil pump vacuum pump assembly" (i.e. "duplex pump") for Nanjing Iveco, with a mass production scale of 50000 sets/year

this fixed-point product is a continuation of the past cooperation between Xiang oil pump and Geely Automobile. The company will supply oil pump components for it from 2022 to 2026, involving a total amount of 480million yuan, which is close to half of the company's revenue last year; Nanjing Iveco is the leader of light commercial vehicles in China. This time, the company successfully developed the f1agpod tandem pump equipped with Nanjing Iveco, with an estimated annual sales of 18million yuan, realizing the import substitution of domestic independent brand tandem pump products

the main products of Hunan oil pump engine pump are used in medium and heavy truck, bus, passenger car and other industries. The company has always maintained the synchronous development of variable displacement oil pump and main engine factory, and the company's products are supplied at fixed points in the form of direct sales. Like the above-mentioned fixed-point notice, the company and car enterprises develop and build supporting oil pump components simultaneously, ensuring the stability of the company's customers and sales

in terms of engine pump products, Xiang oil pump has become the first day. Maximum static experimental force: 20KN; Today, with the recovery of the economy, the company is a strategic supplier of major main engine plants in China, such as Ford of the United States, Renault of France, Peugeot Citroen of France, Dongfeng Motor, Geely motor, etc. The development process of new products may last for 2-3 years. Later, tests made by Cummins, caterpillar and other foreign countries have verified that customers have even reached 4-5 years. At present, the company has been the first-class supplier of more than 20 host factories at home and abroad. The ability to develop new customers Nanjing Iveco is another major breakthrough in the development and application of new products

in addition to developing car companies, the company also won orders from Huawei in the first half of this year. On February 12, Hunan oil pump announced that Jiali machinery, a wholly-owned subsidiary, had recently passed the certification of Huawei's qualified secondary supplier to supply base station antenna products (including 5g base station antenna machine and parts) and machine pressure casting components required for communication electronic products for Huawei's strategic supplier Flanders technology. The base station antenna products produced by Flanders technology account for about 40% of Huawei's similar product purchases, and its operating revenue has exceeded 1billion yuan for three consecutive years

the development of the OEM terminal market of engines and pumps determines the main market demand of the industry. Due to the stable customer base of Xiang oil pump, even in the case of poor terminal sales in the first half of the year, the company's performance still achieved substantial growth. According to the statistics of China internal combustion engine industry association, the cumulative sales volume of internal combustion engines in the first half of 2020 was 19561400 units, with a year-on-year increase of -12.84%. In the first three quarters, Hunan oil pump achieved an operating revenue of 960 million yuan, an increase of 39.77% year-on-year, and a net profit attributable to the parent company of 130 million yuan, an increase of 68.58% year-on-year

according to the financial report of the first half of the year, the oil pump of Hunan oil pump fell slightly, but the motor, gearbox pump, water pump and other products including vacuum pump all performed well, of which the motor revenue was 80.7046 million yuan (only 35.0159 million yuan last year), and the water pump revenue increased by 34.22%

the sales volume of new pump products has exceeded one million in three years

3. Finally, it is necessary to check whether the setting of the tensile testing machine system is normal. Xiang oil pump is the domestic oil pump production base designated by the former Ministry of machinery industry and China Automotive Industry Corporation. When it was listed, Xiang oil pump was one of the largest enterprises in the production of engine pump products in China, and the annual production scale of oil pump, engine water pump, oil transfer pump and other products reached more than 3.5 million, The company's diesel engine oil pump occupies about 37% of the domestic medium and major diesel engine market, and the gasoline engine oil pump occupies about 8% of the domestic market, and maintains an upward trend year by year

relying on the synchronous development with the main engine factory and the targeted supply at fixed points, the sales volume of Hunan oil pump continues to rise due to the stable customer source. In 2016, the company's IPO raised 212 million yuan, which was mainly used to expand production. After reaching the production capacity, it will produce an annual output of 700000 diesel engine oil pumps, 600000 variable displacement oil pumps, 900000 gasoline engine oil pumps and 400000 cooling engine water pumps, with a total production capacity of 2.6 million pump products. By the end of last year, the company's capacity utilization rate of this project was 97.90%

last year, Hunan oil pump produced a total of 2243900 diesel engine oil pumps, 1951700 gasoline engine oil pumps, 320300 transmission pumps, 141000 water pumps, with a production scale of 4.6569 million and 685400 motors. Sales maintained a synchronous growth, and only the production capacity of engine pump products increased by more than one million in three years. As the capacity utilization rate of the company's oil pump has been maintained at a high level in the past three years, the problem of insufficient capacity has become increasingly apparent

especially in order to achieve the strategic goal of "electrification and new energy", since 2017, the company has actively promoted the construction of intelligent manufacturing systems and promoted the application of electronic pumps in passenger cars, commercial vehicles, new energy vehicles and hydrogen fuel cells. In April this year, the company announced that the total amount of funds raised by the non-public offering of shares is not more than 367million yuan (including this amount). The main products of the raised investment projects are advanced energy-saving engine oil pumps and transmission oil pumps, which help to improve the company's market share. It is expected to achieve an average annual operating income of 377million yuan and an average annual net profit of 41.9332 million yuan

Copyright © 2011 JIN SHI