PSBC(601658) 证券日报·2025-04-30 05:44Core Viewpoint - The automotive industry in Liuzhou, Guangxi, is undergoing a transformation towards new energy vehicles, with financial institutions like Postal Savings Bank playing a crucial role in supporting this transition through innovative financial services [1][5]. Group 1: Financial Support and Services - Postal Savings Bank's Guangxi branch has focused on the automotive industry's transformation and the rapid development of the new energy vehicle market, providing tailored financial services to support the creation of a trillion-yuan automotive industry cluster in Liuzhou [1]. - As of March 2025, the bank has issued a total of 35.8 billion yuan in manufacturing loans, with a loan balance exceeding 25.7 billion yuan, including 10.336 billion yuan in medium and long-term loans and 9.872 billion yuan in credit loans [1]. - The bank has implemented measures to enhance service efficiency, such as optimizing review materials and adopting a one-level review and approval system, which shortens the business chain [1]. Group 2: Company Developments - Songsen Company, the only domestic brand automotive fuel pump manufacturer in Liuzhou, has expanded its customer base from a single supplier to include major automakers like Great Wall, Volkswagen, and SAIC, leading to a significant increase in its working capital needs [2][3]. - The company has received financial support from Postal Savings Bank, increasing its credit limit from 5 million yuan in 2022 to 45 million yuan in 2023, with plans to further increase it to 50 million yuan by 2025 [3]. - Songsen Company is focusing on both traditional fuel vehicle components and optimizing its production capacity by relocating its assembly operations from Shanghai to Liuzhou, creating a collaborative model of "R&D in Shanghai, manufacturing in Liuzhou" [2]. Group 3: New Energy Vehicle Production - Liuzhou Wuling New Energy Co., Ltd. has invested 2.469 billion yuan in its factory, which is designed to produce high-cost performance pure electric and plug-in hybrid vehicles, with an annual production capacity of 200,000 units [4]. - The company has reported a sales target of over 14,000 units and revenue exceeding 1 billion yuan in 2024, with significant year-on-year growth in the first quarter of this year [4]. - Postal Savings Bank has been a key financial partner for Liuzhou Wuling New Energy, providing a credit line of 500 million yuan and supporting its initial R&D and production line upgrades with a loan of 250 million yuan [5].