Jiangsu Olive Sensors High-Tech Co., Ltd.
苏奥传感
300507
Shenzhen Stock Exchange
Company Profile
According to the statistical analysis of China Automobile Industry Association, the overall economy of the auto industry remains stable operation, and main economic indicators grow rapidly. At present, China's auto parts industry contains broad development space and huge market opportunities. With the steady growth of the auto market, the company firmly seizes the opportunity of rapid industry development based on its advantages in technical development, customer resources and products, continuously accelerates main products upgrade and intensify market development through unremitting R&D investment and technical innovation; meanwhile through effective control of procurement and manufacturing costs, its management efficiency and production efficiency are improved, product’s competitive power is enhanced, which thereby improves the company's profitability and ensures its performance growth. The company has always been committed to improving its ability in product innovation and technical innovation. After years of research and accumulation, it has built strong product and technical development ability. With strong development and innovation abilities and technological strength, it has passed a series of product certification processes at home and abroad, and established long-term and stable strategic cooperation with first-class auto parts suppliers and vehicle manufacturers, and accumulated a lot of excellent customer resources. Its main products include dual-contact thick film circuit fuel level sensors for autos, double-loop thick film circuit fuel level sensors for autos and other products, are key parts for auto electronic device and fuel system, characterized by complicated technology and high production difficulty. The company has made great breakthroughs in the production and R&D of above products, ensuring their competitive advantages in product performance, cost and technology compared to other similar products.
Full description
As a national high-tech enterprise, the company has been deeply engaged in the automotive parts industry for a long time and has always focused on providing high-quality parts products and services to automobile manufacturers.With its deep technological accumulation and strong innovation capabilities, the company has continuously improved its industrial layout and fully utilized its business synergy.During the reporting period, the company further expanded its business scope in the field of air conditioning thermal management by acquiring the successful holdings of Bonaire. At present, the company has built a diversified product matrix, covering four core sectors: sensors and accessories, fuel system accessories, automotive interior parts, and new energy components. At the same time, the holding subsidiary Bonaire focuses on the research and development and production of automotive thermal management system components, further improving the company's business layout and able to provide customers with more comprehensive products and solutions. In recent years, the automotive parts industry structure has undergone significant changes.Market competition is becoming increasingly diversified, and the trend of global procurement is becoming increasingly obvious.The rapid development of new energy vehicles has promoted the transformation of components in power systems, body structures, intelligent services and other aspects.The company is keenly capturing the industry's development trends and actively seeks to transform into the field of new energy vehicle parts.On the one hand, increase R&D investment so that the products not only meet the needs of traditional fuel vehicles and extended-range/hybrid vehicles, but are also widely used in pure electric vehicles and new aircraft; on the other hand, optimize supply chain management, reduce procurement costs by vertically integrating suppliers, increase self-made rates, and realize coordinated optimization of multiple links such as procurement, logistics, production, cost control, development, quality, and organization to ensure efficient operation of the supply chain.In addition, the company continues to deepen cooperation with customers, establish a close communication mechanism, accurately grasp the pain points of customer needs, and provide them with high-quality solutions.With high-quality products and services, the company's market share has gradually expanded, winning high recognition and trust from customers. In 2024, the company steadily promoted the strategy of extension and transformation and upgrading of the industrial chain, and made major breakthroughs in the fields of thermal management, semiconductors and new sensors.After successfully completing the acquisition of Bonaire's equity and major asset restructuring, the company achieved controlling stake in high-quality enterprises in the field of air-conditioning thermal management, forming in-depth collaboration with Bonaire in R&D technology, sales system and brand resources, significantly enhancing its competitiveness in the field of automotive thermal management systems.In the same year, the company's AMB copper-clad ceramic substrate project officially opened the line and reached a strategic cooperation with world-renowned caliper manufacturers to jointly carry out innovative projects in the chassis field. In terms of product layout, the company continues to enrich the sensor product matrix and successfully expands new product lines such as DPF differential pressure sensors and current sensors, which has effectively promoted the coordinated development of business modules such as sensors, new energy components and thermal management systems.After the period, the company participated in two technological innovation companies, Indasens and Xinhuarui, further strengthening its technical reserves in the field of core devices.This series of strategic measures not only optimize the company's industrial layout, but also attracts many high-quality customer resources, injecting new impetus into the continued growth of the business. Through industrial chain integration and innovative layout, the company has achieved a comprehensive upgrade of its product structure, significantly improving its market share and industry status, laying a solid foundation for building a leading automotive parts supplier.