Breaking Down Feilong Auto Components Co., Ltd. Financial Health: Key Insights for Investors

Founded in 1952 and producing auto parts since 1964, Feilong Auto Components Co., Ltd. has grown into a global supplier that marries form and function-driven by a mission to "make automobiles lighter, prettier, and more intelligent" and a vision to "create beauty in motion with intelligence"; today the company employs over 5,200 people, boasts annual capacities such as 10 million mechanical water pumps, 5.6 million electric water pumps, 8 million volute castings and 4.6 million exhaust manifolds, serves more than 180 domestic and foreign customers through 298 service bases and factories, reported revenue of 4.72 billion CNY in 2024 (up 15.34% year‑on‑year) and reached a market capitalization of 15.86 billion CNY as of December 18, 2025 (a 143.94% increase over the past year), while its core values-integrity, trust, teamwork and embracing change-underscore its push to be among the top 50 global auto parts suppliers by 2025 and to make advanced automotive technology accessible to a broader audience.

Feilong Auto Components Co., Ltd. (002536.SZ) - Intro

• Founding: 1952; auto parts production began 1964.
• Employees: >5,200.
• Global footprint: exports to over 180 domestic and foreign customers; 298 service bases and factories worldwide.
• 2024 revenue: 4.72 billion CNY (up 15.34% year-over-year).
• Market capitalization (18 Dec 2025): 15.86 billion CNY (up 143.94% year-over-year).

• Automotive mechanical water pumps and electric water pumps (core thermal management products).
• Temperature control modules, coolant control valves, vacuum and electronic compressors.
• Turbocharger housings and volutes, engine intake and exhaust manifolds, flywheel housings, oil pumps.

• Deliver reliable, high-efficiency thermal and air-path components that enable OEMs and Tier suppliers to meet performance, emissions and electrification targets.
• Support customers globally with scalable production, technical development and service networks across 298 bases and factories.

• Become a world-class supplier in propulsion thermal management and air-path solutions, leading the transition from traditional ICE components to hybrid and pure-electric system compatibilities.
• Achieve sustained growth and shareholder value expansion-evidenced by market cap growth (15.86 billion CNY as of 18 Dec 2025; +143.94% YoY).

• Quality: rigorous production standards to support large-scale outputs (e.g., 10M mechanical water pumps annually).
• Innovation: continuous R&D to advance electronic water pumps, temperature-control modules and compressor technologies.
• Customer focus: long-term partnerships with 180+ customers and global service footprint.
• Sustainability: improving efficiency and emissions performance across product lines to meet regulatory and OEM targets.
• People-first: investment in a >5,200-strong workforce and capacity expansion to serve global demand.

Feilong Auto Components Co., Ltd. (002536.SZ) - Overview

• Core mission: 'Make automobiles lighter, prettier, and more intelligent' - improving vehicle performance, aesthetics, and intelligence through advanced components and systems.
• Strategic goal: Achieve placement among the top 50 global auto parts suppliers by 2025, accelerating export growth and global OEM partnerships.
• Values: Integrity and trust as the foundation for customer and supplier relationships; teamwork and embracing change to sustain agility in a shifting automotive landscape.
• Customer focus: Democratize advanced automotive technology to broaden accessibility and utility across markets and vehicle segments.

• Lightweighting: Investment in advanced materials and manufacturing (composite housings, high-strength alloys) to reduce part mass 8-15% versus legacy designs.
• Design & aesthetics: Collaborative design centers with OEMs to deliver exterior/interior components that elevate vehicle appearance and brand differentiation.
• Intelligent components: Integration of sensors, actuators, and electronics into modules - with a 30% year-over-year increase in smart-component revenues through 2023.
• Global expansion: Strengthening OEM contracts in Europe and Southeast Asia; establishing 3 overseas technical-support nodes to meet the top-50 supplier objective.
• Culture & governance: Ethics, transparency, and supplier-auditing programs to reinforce trust; agile cross-functional teams to accelerate product iteration cycles.

• By 2025: Top 50 global supplier ranking, 35% overseas revenue, 30% of sales from intelligent components.
• Short-term (2024-2025): Increase R&D intensity to ~6-7% of revenue; expand overseas customer base by signing 5 new OEM contracts.
• Governance: Strengthen supplier audits and compliance programs; maintain transparent quarterly reporting and ESG disclosures.

Feilong Auto Components Co., Ltd. (002536.SZ) - Mission Statement

• Core Mission: Deliver aesthetically refined, technologically advanced components that enhance vehicle safety, efficiency, and user experience.
• Market Ambition: Secure a position among the top 50 global auto parts suppliers by 2025.
• Customer Promise: Make advanced automotive technology accessible and beneficial to a broad range of OEMs and end customers.
• Operational Ethos: Operate with integrity, foster trust, and maintain teamwork while embracing continual change.

• Technology focus: Expand smart component offerings (sensors, actuators, mechatronics) and embed software-driven value in hardware.
• Scale & reach: Accelerate global footprint to meet the company's target of joining the top 50 suppliers globally by 2025.
• Culture & governance: Promote integrity, trust, and cross-functional teamwork to increase speed-to-market and adaptability.

• Integrity & Trust - Transparent reporting, supplier and customer contracts emphasizing long-term collaboration and compliance.
• Teamwork - Cross-disciplinary R&D squads, shared KPIs across engineering, quality and sales to shorten development cycles.
• Embrace Change - Continuous improvement programs, agile product roadmaps, and rapid pilot-to-scale processes for new tech.
• Customer Centricity - Modular platforms designed to be cost-effective across vehicle segments and geographies.

Feilong Auto Components Co., Ltd. (002536.SZ) - Vision Statement

• Integrity & Trust - building long-term, transparent relationships with OEMs, tiered suppliers, and aftermarket customers to secure repeat business and stable order books.
• Teamwork & Collaboration - cross-functional teams and strategic alliances to accelerate product development cycles and improve time-to-market.
• Embracing Change - proactive adoption of digital manufacturing, Industry 4.0 practices, and flexible production to respond to shifting demand patterns.
• Customer-Centric Accessibility - designing components and systems that lower total cost of ownership for customers and broaden adoption across vehicle segments.
• Technological Advancement - sustained investment in R&D to deliver higher-performance, lighter-weight, and more reliable auto components.

• To deliver dependable, high-performance auto components that enhance vehicle safety, efficiency, and affordability through innovation and collaborative partnerships.
• To scale Feilong's global footprint and product offerings while maintaining governance, compliance, and ethical conduct that reinforce trust with stakeholders.

• Integrity & Trust - implement supplier and customer scorecards; target 95%+ on-time delivery and >90% customer satisfaction in long-term contracts.
• Teamwork - cross-border project teams with KPIs tied to product launch timelines and cost targets.
• Embracing Change - roadmap for digital shop-floor upgrades, with pilot factories converting 25-50% of lines to smart manufacturing by 2025.
• Technology Focus - establish centers of excellence and partnerships with universities to shorten development cycles and raise first-pass yield rates.

• Public listing (002536.SZ) provides capital access to fund the stated global expansion and R&D commitments.
• Targets are structured to balance margin protection with growth - pursuing high-value components and aftermarket services to improve gross margin profile.
• Governance and transparency commitments are aligned with building trust among OEMs and international customers.