Songz Automobile Air Conditioning Co., Ltd.
松芝股份
002454
Shenzhen Stock Exchange
Company Profile
1. Technology and R&D Advantage The Company has established a R&D organizational structure headed by the Research Institute and supported by the technical centers of its subsidiaries and branches in various regions, comprehensively strengthening core technical capabilities such as forward-looking technology, applied technology, virtual analysis and testing technology. Relying on platforms such as the "Jialeng Songz Academician Expert Workstation", "Shanghai New Energy Vehicle Air Conditioning Engineering Technology Research Center" and "Industry-University-Research Joint Laboratory for Talent Training", the Company carries out industry-university-research cooperation projects to provide effective supplement for forward-looking technology development. The Company expands its key technical talent team through a combination of internal training and external recruitment, and the core technical personnel team is stable, providing strong support for the steady implementation of R&D initiatives. 2. Sales Model Advantage The Company is one of the very few mobile thermal management product suppliers in China that simultaneously offers both the "OEM (Standard Configuration) Mode" and the "End-user Direct Mode". Under the "OEM (Standard Configuration) Mode", products are directly supplied to core customers such as vehicle manufacturers (automakers) ; under the "End-user Direct Mode", the Company directly connects with end application users to meet the needs of diverse business scenarios. For certain business segments and regions, the Company complements the above models with distributor or agent networks, so as to accelerate market expansion. This diversified sales model showcases the Company’s operational responsiveness and agility, and is well-aligned with the needs of different business development phases. 3. Quality and Brand Advantage The Company's downstream customers are mostly well-known vehicle manufacturers (automakers) in the industry and high-demanding end-users, and its product quality standards are benchmarked against top-tier industry levels. The Company is equipped with industry-leading testing facilities to provide reliable guarantee for product quality. Through the "End-user Direct Mode", the Company has established close partnerships with end users.By delivering full-cycle services encompassing pre-sales demand alignment, in-sales solution validation and after-sales issue resolution, the Company has built an outstanding brand reputation—a key pillar of its core competitive advantages. 4. High-Quality Customer Resource Advantage Through long-term operation and market cultivation, the Company has accumulated numerous high-quality customer resources across multiple business segments. For example, in the large and medium-sized bus thermal management business segment, the Company has secured many high-quality "standard configuration" customers - vehicle manufacturers (automakers) and "end-user" customers - public transport companies, long-distance passenger transport companies, long-distance travel operators and corporate clients; In the passenger vehicle thermal management business segment, the Company has entered the supplier networks of some international automakers and leading domestic automakers; In the battery thermal management business segment, the Company has entered the supplier networks of industry-leading enterprises and achieved volume production. 5. Sales and After-Sales Service Network Advantage The Company has established a marketing network covering major provinces and cities nationwide, alongside streamlined customer communication channels, enabling it to swiftly capture market demands and convert them into firm orders. Meanwhile, the Company has established an after-sales service network covering Southeast Asia, South America, Europe, North Africa and the Middle East, delivering premium products and comprehensive after-sales services to international clientele. 6. Self-Supporting Advantage The Company leverages the benefits of large-scale production to drive cost reduction, Meanwhile, it has gradually shifted the production of key components – including compressors, electronic control systems, fans and injection-molded parts – to in-house manufacturing. Through independent R&D and production of key components, the Company not only reduces costs, but also gains tighter control over the quality of critical parts, optimizes the overall performance of the thermal management system, and enhance the core competitiveness of products. 7. Management Advantage In accordance with the modern enterprise system, the Company has established a relatively robust corporate governance structure, supported by advanced and science-based enterprise management systems and sound incentive mechanisms, and boasts a high-caliber on-site production management capability. The Company places great emphasis on corporate culture development and has fostered a cultural philosophy system that embodies the essence of modern enterprise management concepts.
Full description
1. Business Layout Songz Automobile Air Conditioning Co., Ltd. (hereinafter referred to as "Songz Co., Ltd.") was established in June 2002 and listed on the Shenzhen Stock Exchange (SZSE) on July 20, 2010. The Company specializes in the R&D, production and sales of mobile thermal management-related products, which are widely applied in various vehicles such as large and medium-sized vehicles, passenger vehicles, trucks, light vehicles and refrigerated trucks, as well as in fields including battery thermal management. It is one of the leading enterprises in China's automotive thermal management-related products industry. At present, the Company has formed a domestic market layout centered in Shanghai and with key bases in Anhui, Chongqing, Wuhan, Liuzhou, Chengdu, Xiamen, Zhengzhou and other regions, as well as an international market layout covering Southeast Asia, South America, Europe, the Middle East and other regions. Its business spans dozens of provinces and cities across China and multiple countries and regions overseas. 2. Business Segments and Main Products (1) In the large and medium-sized bus thermal management business segment, the Company's main products include air conditioners for large and medium-sized vehicles and battery thermal management system products for new energy vehicles, which are supplied to customers such as public transport market clients and standard configuration OEMs. (2) In the passenger vehicle thermal management business segment, the Company's main products include thermal management assemblies and module products for traditional/new energy vehicles such as thermal management systems, HVAC (Heating, Ventilation, Air Conditioning) units, front-end cooling modules and valve islands, as well as key thermal management components such as condensers, radiators and battery chillers. The covered vehicle types include passenger vehicles, commercial vehicles and construction machinery, etc. Passenger vehicle products have entered the supplier system of foreign-invested/joint-venture brands and leading domestic independent brand automakers. (3) In the refrigeration unit business segment, the Company has established a brand and product structure of "Dual Brands + Four Major Product Platforms", with products covering non-independent fuel vehicle refrigeration units, new energy electric units, special-purpose refrigeration units, independent refrigeration units, etc. (4) In the automotive air conditioning compressor business segment, the Company's products include electric compressors applicable to various fields such as large and medium-sized vehicles, new energy passenger vehicles/MPVs/heavy trucks/light trucks/pickups and battery thermal management, as well as high-voltage platform electric compressors. (5) In the battery thermal management business segment, the Company has upgraded and developed thermal management systems for commercial vehicles (heavy trucks, construction machinery, etc.) and liquid-cooled energy storage station battery thermal management systems, which have entered the supplier system of leading enterprises and achieved volume production. (6) In the auto parts business segment, the Company mainly supplies key customers with automotive electronic products such as electronic throttles, gear shifters and controllers for external supporting purposes, and provides internal supporting services for the Company's thermal management-related business segments mainly with brushed and brushless fans for automotive air conditioners for internal supporting purposes.