On May 21st, during its performance briefing, Pengling Co., Ltd. revealed that it has secured a modest number of orders from overseas vehicle manufacturers. However, these products are not exported directly. Rather, they are initially delivered to the domestic branches of these vehicle manufacturers, which subsequently handle the overseas resale. In the realm of computing power, Pengling Co., Ltd. is actively collaborating with domestic data center-related companies to co-develop fluid pipeline systems tailored for data centers. Presently, the company has successfully completed several technical integrations, with the products meeting the requisite technical benchmarks. Nevertheless, no sales revenue has been generated in this particular domain yet, and achieving substantial sales volumes in the near term remains a challenge.
As for the energy storage sector, Pengling Co., Ltd. has undertaken relevant R&D projects that have been successfully concluded, leading to mass production and the generation of a modest amount of sales revenue. Through its equity stake in Hefei Weiling, the company supplies liquid-cooled fluid pipelines for energy storage modules to energy storage enterprises. Although the energy storage business currently constitutes a relatively minor portion of the company's overall revenue, it has emerged as a promising new avenue for sales revenue and profit growth beyond the automotive sector.
