[Tianfeng Electric New] Wanyu Technology Update: LCC Product Capacity Expansion Accelerates, Largest Increment in Next Three Years - 0727

English summary

LCC is currently the product with the highest priority for the company's resource investment, and is a capacitor-battery type product. Advantages include: microsecond-level response speed, no combustion or explosion risk, cycle life of 500,000 times, and energy density close to traditional batteries. Operating temperature range covers -40°C to 85°C, and can be widely used in energy recovery, grid-side, AIDC, consumer electronics, etc. Customer progress: # The company has cooperated with major power supply manufacturers in mainland China and Taiwan for sample verification, and is simultaneously working with end customers to implement solutions, with relevant testing still ongoing. Capacity expansion plan: # The company plans to invest 1 billion yuan in fixed assets over the next three years, mainly to expand LIC/LCC capacity, with the goal of increasing this segment's capacity 10 times. Current capacity is about 300 million and is fully loaded. For MLPC products, the company broke through 125°C temperature resistance technology in 2020, which can match the temperature requirements of GPU architectures, achieving partial substitution of MLCC.…