Zonsen Power: New energy series products year-on-year significant release fuel cell-related projects steadily advanced.

Zonsen Power (001696) replied to investors through the investor interaction platform on the new energy business, saying that as of April 2021, the company's new energy series products had sold about 37877 sets of controller products, 17353 sets of motor products and 7533 sets of electric power integrated products, both of which had achieved a significant increase over the same period last year.

Zonsen Power (001696) replied to investors through the investor interaction platform on the new energy business, saying that as of April 2021, the company's new energy series products had sold about 37877 sets of controller products, 17353 sets of motor products and 7533 sets of electric power integrated products, both of which had achieved a significant increase over the same period last year.

The company said that Chongqing Zonsen Electronic Technology Co., Ltd., a wholly-owned subsidiary of the new energy platform, has completed the technical verification of the motor vector control system developed by itself in the garden field and is ready for mass production in combination with the seasonal demand of the market. The self-developed 45lkw vehicle motor controller has completed more than 5000KM road tests with the whole vehicle, and all indexes meet the design requirements, and various experiments are being carried out continuously as planned.

In the field of hydrogen fuel cells, Chongqing Zonsen Hydrogen Energy Power Technology Co., Ltd., another controlling subsidiary, has completed the construction of a comprehensive service station for comprehensive application of hydrogenation charging in the factory area and is cooperating with hydrogen fuel cell forklifts to carry out internal demonstration operation. RT3 fuel cell motorcycle has completed the first round of performance tests, and all indexes such as performance meet the requirements of the design objectives. It is currently undergoing further fine adjustment and matching of the whole motorcycle and system, and will enter the summer road tests as planned.

In addition, the automatic card issuing motor products of Chongqing Zonsen Electric Power Technology Co., Ltd., a joint-stock company, have been put into use, realizing small batch order sales.

Data show that Zonsen Power has formed a "motorcycle engine and general power" as the core, covering "aviation power, electric power, automobile and motorcycle core components, industry chain finance" and other emerging business areas.

Benefiting from the company's leading position in the general machinery products and motorcycle engine industry, the company's performance has shown rapid growth since last year. In 2020, operating income of 7.848 billion yuan, up 35% YoY; net profit of 0.588 billion yuan, up 40% YoY; and in the first quarter of this year, revenue grew more than 60% YoY to 2.231 billion yuan, and net profit of 0.129 billion yuan, up more than 30% YoY.

The company said it will continue to lay out new energy power fields such as card issuing motors, electronic control systems and hydrogen fuel cells. As the product pedigree continues to improve, the effectiveness of market expansion will be further apparent.

(Reprinted from Panorama on May 26, 2021)