“Science and Technology Innovation Board Daily”, November 18 (Reporter Guo Hui) “The rapid development of new battery technologies, such as solid-state batteries and sodium-ion battery technology, has intensified market competition, and the company needs continuous innovation to maintain its competitive advantage.” At the performance meeting held by Guoli Co., Ltd. today, Chairman Yin Jianping said in response to the impact of battery technology changes on the company's product demand that Guoli Co., Ltd. has signed a strategic cooperation agreement with leading domestic solid-state battery companies, and the two sides have established a “co-creation, sharing, and win-win” strategic partnership, and will carry out in-depth cooperation in technology research and development, market development, and brand cooperation.

Guoli Co., Ltd. is an electronic vacuum device manufacturer. According to Yin Jianping, in the field of new energy vehicles and charging facilities, the high-voltage DC contactor independently developed by the company is a key safety device for power control. It plays a role in connecting and disconnecting the battery control system and the vehicle's high-voltage power distribution system. Compared with traditional air contactors, they have stronger current carrying capacity and higher safety performance.

In recent years, Guoli Co., Ltd. has successively established cooperation with many well-known new energy battery, electronic control industry leaders and vehicle manufacturers. Faced with increasing market competition, Guoli Co., Ltd. has developed a new energy control box product. This product uses its newly developed Y series high-voltage DC contactor with an 800-1000V DC voltage rating to reduce costs and has the characteristics of miniaturization and weight reduction.

According to information, Guoli's control box products have been rapidly promoted in the market since their launch. The main customers include SAIC Motor Group and the Ningde Era. Relying on a new generation of Y series relays, the control box is integrated, modular, and miniaturized, which can meet the needs of customers to reduce volume, weight and cost.

Guoli Co., Ltd.'s innovative products in the field of new energy will have an opportunity to help it expand the low-altitude economy market. Guoli Co., Ltd. said earlier that the company already has revenue in the eVTOL field and has a relevant R&D team and technical foundation.

According to a research report released by Huaxi Securities analyst Chen Zhou in the second quarter of this year, low-altitude manning is the most important application scenario for future low-altitude economic development, and eVTOL has the greatest potential for growth. Guoli Co., Ltd. has also accumulated a series of products and technologies in the automotive and aviation fields, and has great advantages in expanding the eVTOL market. It is expected that the new energy sector will continue to provide performance support.

Regarding new markets and new business prospects, Yin Jianping said at today's performance conference that in some specific fields, the company's products are unique. “Many of our customers' innovative projects seek cooperation with the company, so the company has broad prospects for future business development.” However, Yin Jianping also said that the new business needs to be developed through R&D, but it is also necessary to measure the risk of project development, and the company will fully analyze the prospects of the industry and market to launch a new business.

The semiconductor sector is also the main driver of Guoli's performance growth. In the third quarter of 2024, the revenue of Guoli Co., Ltd. was 0.214 billion yuan, an increase of 8.61% over the same period last year. The company said that the increase in performance was mainly due to the high level of prosperity in the NEV and semiconductor industries, and a large increase in customer demand compared to the same period last year.

By product, in the first three quarters of 2024, Guoli's DC contactor product revenue was 0.287 billion yuan, an increase of 62.6% over the same period last year. The main application areas of DC contactors were new energy vehicles and charging facilities; the revenue of vacuum capacitor products was 0.057 billion yuan, an increase of 112.5% over the same period last year. The main application area of its vacuum capacitors was semiconductor equipment manufacturing.

In the field of semiconductor applications, Guoli Co., Ltd. products are widely used in equipment such as plasma etching, enhanced gas phase deposition, and gas phase cleaning. According to the institutional research notes released by Guoli Co., Ltd. in May of this year, the company's semiconductor business with Huawei continued to advance. At that time, it had already shipped a certain amount of products, and after the delivery of this batch of products is completed, it is expected that customers will also increase product supply demand. At the same time, the company also made phased progress in product verification with major semiconductor equipment manufacturers such as North China Chuang and China Micro this year. It was previously expected that supply volume will increase this year.

Huang Hao, general manager of Guoli Co., Ltd., said at the performance conference that vacuum capacitors mainly used in the semiconductor field are key product projects developed by the company. After years of continuous investment in R&D and promotion with major customer application projects, the market space continues to open up, the application market coverage is wide, the market space is broad, and the future prospects are promising.

Overseas markets are regarded by Guoli Co., Ltd. as an important growth point for its future business development. On November 6 of this year, Guoli Yuantong, a subsidiary of Guoli Co., Ltd. signed a cooperation agreement with Sterling Tools, a listed Indian company. Guoli Co., Ltd. said that this cooperation means that it has successfully entered the Indian and Southeast Asian markets.

Zhang Xuemei, secretary of the board of directors of Guoli Co., Ltd., said that at present, the company has opened up a new model of cooperation with overseas customers through technical licensing and core device exports. In the future, it will further provide non-standard customized services, enrich the variety of products exported overseas, and expand diversified overseas layouts to meet the more specific and personalized needs of customers.