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We Think Chongqing Zongshen Power MachineryLtd (SZSE:001696) Can Manage Its Debt With Ease
Chongqing Zonsen Power Machinery (001696.SZ): as a secondary supplier, cooperates with Huawei on new energy fund auto parts projects
Gelonghui, September 9th - Chongqing Zonsen Power Machinery (001696.SZ) held a performance briefing on September 6, 2024, and responded to the question "Will there be opportunities to cooperate with Huawei in the future?" The company stated that as a secondary supplier, they have cooperation with Huawei on new energy auto parts projects, specifically for the Avita model.
Chongqing Zonsen Power Machinery (001696.SZ): Chongqing Zonsen Aero Engine and Sunward Intelligent Equipment's joint venture subsidiary, Sunward Xinghang, has business cooperation in the field of general aviation power.
On September 6, 2024, Chongqing Zonsen Power Machinery (001696.SZ) held a performance briefing on the issue of "When will the airworthiness certificate for the Zonsen aviation engine and the cooperation with Sunward Intelligent Equipment's subsidiary, Sunward Intelligent Equipment, in the field of general aviation power be granted to achieve true domestic substitution?" The company stated that its controlling subsidiary, Zonsen Aviation Engine, and Sunward Intelligent Equipment's associated subsidiary, Sunward Intelligent Equipment, have business cooperation in the field of general aviation power.
Chongqing Zonsen Power Machinery (001696.SZ): At present, Chongqing Zonsen Aviation has formed a product line mainly consisting of small and medium-sized aviation piston engines.
On September 6, 2024, Chongqing Zonsen Power Machinery (001696.SZ) held a performance briefing and responded to the question, "What are the company's layout and operational highlights in the low-altitude economy field?" The company mentioned that currently Zonsen Aviation has established a product line mainly focused on small and medium-sized aviation piston engines, and has built five major basic product platforms, launching more than 20 derivative products and propeller products, covering the drone and light general aviation aircraft market. Meanwhile, Zonsen Aviation continuously optimizes and enhances the integrated technology of power system integration, realizing the integrated design of engine + propeller + thermal management system + power generation system.
Chongqing Zonsen Power Machinery (001696.SZ): Dongguan Lithium Intelligence has already laid out sodium-ion battery products and has achieved small-scale sales of sodium-ion energy storage products.
Chongqing Zonsen Power Machinery (001696.SZ) held a performance briefing on September 6, 2024, and when asked about the "business dealings in the battery sector", the company stated that its subsidiary, Dongguan Lithium Intelligence, is mainly engaged in the development and production of lithium-ion rechargeable batteries and power systems. Its core products are focused on household energy storage and commercial energy storage, providing customized energy storage products and comprehensive energy storage solutions for customers. Dongguan Lithium Intelligence has also entered into the field of sodium-ion batteries and has already achieved small-scale sales of sodium-ion energy storage products.
Chongqing Zonsen Power Machinery (001696.SZ): Production and sale of motorcycle engine products, not involved in motorcycle whole vehicle business.
On September 6, 2024, Chongqing Zongshen Power Machinery (001696.SZ) held a performance briefing, responding to the question of whether the company has plans to expand its motorcycle business in Africa. The company stated that it produces and sells motorcycle engine products, but does not engage in the motorcycle assembly business. Its wholly-owned subsidiary, Zongshen Engine, focuses on the research, development, and manufacturing of motorcycle power systems. The product sales network covers the whole country and exports to countries and regions such as Europe, America, the Middle East, Southeast Asia, and Africa.