Research Dispatch | Ningbo Hengshuai Co., Ltd. Receives Visits from Chenxi Asset and 1 Other Institution; Harmonic Magnetic Field Motor Technology Attracts Attention

On March 24, Ningbo Hengshuai Co., Ltd. (hereinafter referred to as “the Company”) hosted an on-site investor research visit. Dust Star Asset, Shanghai He Dan, and two other institutions participated. The company’s Secretary of the Board of Directors, Liao Weiming, engaged in in-depth discussions with the institutions on the company’s business layout, core technologies, and future plans.

Basic Information of the Research

Investor Activity Relationship Type: On-site visit
Date: March 24, 2026
Location: Company Conference Room
Participating Units: Dust Star Asset (Liao Chujie), Shanghai He Dan (Zhou Xuhui)
Company Reception Staff: Secretary of the Board of Directors, Liao Weiming

Core Business Layout: Four Major Business Units Collaborate for Development

During the exchange, the company introduced its main business directions. The company focuses on automotive motor technology and fluid technology, dividing its operations into four major units: motor business, electric module business (motor technology field), and driving vision cleaning system, thermal management system (fluid technology field), aiming to become a leading global provider of automotive motor technology solutions.

In terms of production layout, to better meet customer needs, the company has established subsidiaries in Qingyuan, Shenyang, Wuhan, as well as in the United States and Thailand as external production bases, forming a globalized production network.

Harmonic Magnetic Field Motor Technology: Enhancing Power Density to Build a Technological Moat

Focusing on the core technology of interest to the institutions, the company highlighted its harmonic magnetic field motor technology. Traditional motors rely on fundamental magnetic fields for operation, but the company’s developed harmonic motor utilizes harmonic magnetic fields to achieve higher power density, significantly reducing motor weight and material costs.

The company stated that this technology has been long-term developed, with multiple invention patent applications filed and forming patent families, establishing a technological moat and leading advantage. Its applications are broad, covering not only the automotive sector but also expanding into industrial and robotics fields, including micro motors and large motors.

Motor Business Planning: Expanding into Industrial Automation and Robotics

Regarding future plans for the motor business, the company said it will continue to increase R&D investment, diversify motor products, and expand application scenarios. Currently, beyond the automotive industry, motor products are gradually entering industrial automation and robotics fields, opening up incremental markets for long-term development. However, the company also cautioned that the expansion into emerging fields involves uncertainties, and investors should be aware of related risks.

Technological Advantages and Product Progress: Strengthening Competitiveness through Joint R&D and Automation

The company emphasized that through years of technological accumulation and independent innovation, it maintains technological leadership in segments such as automotive motors, cleaning pumps, and cleaning systems. Moving forward, it will adapt to the lightweight and low-cost trends of OEMs, enhance synchronized R&D capabilities, promote product platformization and parts standardization, and improve manufacturing efficiency through automation of production lines to consolidate core competitive advantages.

Regarding product development, the company’s ADAS proactive sensing cleaning system is part of its forward-looking layout, with some clients already entering the commissioning stage. The company believes this product has broad market prospects and is expected to become a significant growth driver in the future.

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