[Feilong Co., Ltd.: About 60,000 units of non-vehicle-end liquid-cooled electronic pumps have been ordered. Currently, the company’s main business orders have rebounded significantly] On September 3, Feilong Co., Ltd. (002536.SZ) released an investor relations activity record announcement. The company’s non-vehicle electronic pump products have covered the full power range from 6W to 80kW and are divided into four major platforms: μ, S, M, and L. At present, terminal customer orders for the μ, S, and M platforms exceed 50,000 units, and the L platform orders nearly 10,000 units, mainly using the rolling delivery model. Liquid cooling has become a mainstream trend in the industry. Electronic water pumps are gradually replacing traditional mechanical pumps to solve the problems of large size, short life, dripping hazards and high additional heat load in high-power scenarios. In the field of consumer electronics, the company has developed small liquid-cooling pumps suitable for PC scenarios; in the field of humanoid robots, it is providing thermal management products and services for each joint of the controller; and the research and development of components in the medical device field is also in progress. The complete cycle from development to certification for electronic pumps is about 1 to 2 years, and the barriers to industry entry are high. Based on the current operating conditions, the company's main business orders have rebounded significantly, and subsequent operating performance depends on the pace of industry demand release and the progress of order conversion.