Token Sciences(SZ:300088) Xin Lang Cai Jing·2025-12-03 04:35Core Viewpoint - The company has established a comprehensive automotive electronics business with a wide customer base, covering over 70% of global vehicle brands, and is expanding into new technology areas such as AI computing and ultra-thin glass products [1][2][3]. Group 1: Automotive Electronics Business - The company has completed the industrial chain layout for "in-vehicle sensors + touch modules + cover plates + integrated touch display modules" and provides various automotive touch display modules [1]. - The company’s 3D curved in-vehicle cover plate business offers superior integrated display effects, and it has achieved large-scale production capabilities for electrochromic rearview mirror cover glass, generating revenue in the millions [1]. - The automotive electronics customer base includes brands from Japan, Europe, the United States, and Germany, indicating a strong global presence [1]. Group 2: Ultra-Thin Glass and HUD Technology - The company has mastered the technology for curved reflective mirrors for head-up displays (HUD) and is expanding its customer base internationally [2]. - The company has developed a complete industrial chain for ultra-thin glass cover plates, including new forms of non-uniform thickness foldable glass and ultra-thin glass coating cover plates [2]. - Products in the ultra-thin glass segment are being utilized in wearable devices and foldable smartphones, with partnerships established with brands like vivo, OPPO, and Honor [2]. Group 3: AI Computing Business - The company is building a full-chain computing service capability through its subsidiary, focusing on three core areas: assembly and sales of computing equipment, maintenance and repair, and computing leasing services [3]. - The revenue scale of the AI computing business has surpassed 60 million yuan, leveraging the advantages of being located in one of the national computing centers [3]. - The long-term plan includes expanding into computing center operations and providing industry-specific AI model application solutions for sectors like manufacturing and autonomous driving [3].