Fulin Precision

I. Basic Information
Fulin Precision Components Co., Ltd., established in 1997 with a registered capital of 1.219 billion RMB, is headquartered in Mianyang High-end Equipment Manufacturing Industrial Park and currently employs over 3,000 people. On March 19, 2015, it was listed on the ChiNext board of the Shenzhen Stock Exchange (Securities abbreviation: Fulin Precision, Securities code: 300432). The company is a national high-tech enterprise and has established an industry-leading testing center. It possesses national-level enterprise technology centers, Sichuan Provincial New Energy Vehicle Drive System Engineering Technology Research Center, and other R&D innovation platforms. It has established a postdoctoral innovation practice base, Mianyang Academician (Expert) Workstation, and other platforms for technology and talent cultivation. It has been jointly recognized as a "National Demonstration Enterprise for Harmonious Labor Relations Creation" by the Ministry of Human Resources and Social Security, the All-China Federation of Trade Unions, the All-China Federation of Industry and Commerce, among others. The company's controlling shareholder is Sichuan Fulin Industrial Group Co., Ltd., which has been ranked among the "Top 100 Private Enterprises in Sichuan" consecutively since 2021.
The company's main business is the R&D, production, and sales of automotive engine components, intelligent electronic control for new energy vehicles, and lithium iron phosphate cathode material for new energy lithium batteries.
The company is a leading enterprise and invisible champion in the domestic segment of automotive engine components. Its main products, precision hydraulic components and electromagnetic drive components, were among the first to achieve domestic substitution. The company has led or participated in formulating 4 industry standards, established over 600 corporate standards, and obtained over 300 authorized patents. Leveraging its precision manufacturing advantages, the company is accelerating its layout in intelligent electronic control systems for new energy vehicles, including thermal management systems, reducers for new energy vehicles, and intelligent damping systems. Its representative products include electronic water pumps, electronic water valves, on-board reducers, transmission solenoid valves, and CDC solenoid valves. The company's lithium iron phosphate cathode material for new energy lithium batteries is mainly used in power batteries for new energy vehicles, and it has made phased progress and achievements in capacity layout, technology upgrading, and market positioning.
II. Business Layout
• Intelligent Electronic Control Industry for New Energy Vehicles
The production and R&D base is located in Chengdu and Mianyang. Its wholly-owned subsidiary, Xinzhi Thermal Control, serves as an incubation platform for the new energy intelligent electronic control industry. Main products include thermal management systems, on-board reducers, and CDC solenoid valves, applied in new energy vehicles and their on-board electric drive systems, holding a leading position in the segment of new energy intelligent electronic control. Relying on collaborative relationships and demands from customers such as UAES and Huawei, the company continuously introduces businesses related to intelligent electronic control systems and key components for new energy vehicles, cooperating with major domestic independent brands, joint venture brands, and new EV startups.
• New Energy Lithium Battery Cathode Material Industry
Production and R&D bases are distributed in Yichun, Jiangxi, and Shehong, Sichuan. Products are positioned as high-end power-type lithium iron phosphate, applied in power batteries for new energy vehicles and energy storage fields. The subsidiary Jiangxi Shenghua has an annual production capacity of 62,000 tons of lithium iron phosphate, with an additional 60,000-ton annual capacity project under construction and a 200,000-ton new high-compaction lithium iron phosphate project being planned. The production line is automated from material feeding to product output, possessing large-scale production capabilities. The lithium iron phosphate cathode material business has developed relatively advanced production technology and good product performance. Jiangxi Shenghua, as a qualified supplier to well-known domestic lithium battery manufacturers such as CATL, is continuously supplying lithium iron phosphate cathode materials in bulk.
• Automotive Engine Components Precision Intelligent Manufacturing Industry
The production and R&D base is located in Mianyang. Main products include electromagnetic drive precision components dominated by VVT, VVL actuators, and oil pump solenoid valves, and precision hydraulic components dominated by tappets, rocker arms, nozzles, tensioners, and GDI pump housings. Products are applied in automotive powertrains and chassis systems, with overall technical levels ranking among the top domestically in the segment. The company has established long-term, stable, and deep strategic cooperative relationships with numerous domestic and foreign OEMs and is one of the major suppliers of precision automotive engine components with high influence in China.
III. Strategic Planning
The company actively grasps the development trends of automotive electrification and intelligence, takes the new energy vehicle industry chain as its main track, accelerates the layout of intelligent electronic control industry, promotes the upgrade of its business from traditional precision machining to intelligent electronic control and mechatronics integration, simultaneously accelerates the layout of lithium iron phosphate cathode material production capacity, continuously promotes technological iteration and product upgrades, strengthens deep cooperation with partners in the industry ecosystem, rapidly seizes position in the new energy power market, and continuously enhances its comprehensive competitive advantages.
The company is committed to becoming a comprehensive supplier of new energy lithium battery cathode materials and automotive intelligent electronic control solutions with international competitiveness, achieving the strategic goal of "leading in intelligent control and leading in lithium iron phosphate."
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