CTFO(SZ:002373) Zheng Quan Shi Bao Wang·2025-12-26 12:43Core Viewpoint - The company is strategically upgrading by entering the autonomous driving sector for trunk logistics, aligning with the industry's shift towards refined operations and digitalization trends [1][2]. Group 1: Strategic Shift - The company identifies trunk logistics autonomous driving as a key new sector for strategic upgrade, transitioning from large-scale construction to refined operations [1]. - Starting in 2024, the company will upgrade its business model from project integration to standardized technology products and from system construction to operational services [1]. - The project will be implemented by a subsidiary, focusing on autonomous driving transport services and SaaS software subscriptions [1]. Group 2: Market Dynamics - The road freight volume in China accounts for 74% of the total freight, with trunk logistics carrying 70% of this, highlighting its critical role in connecting production and consumption [2]. - The industry faces challenges such as driver shortages and high human costs, creating a pressing need for automation to address cost, efficiency, and safety issues [2]. - By 2025, the domestic autonomous driving logistics sector is expected to transition from pilot demonstrations to large-scale commercialization [2]. Group 3: Financial Commitment - The company plans to redirect approximately 9.56 billion yuan of funding from a previous project to focus on the more promising "key technology research and industrialization project for unmanned logistics" [4]. Group 4: Technological Framework - The company has established a comprehensive technology product system covering intelligent perception, edge computing, cloud control platforms, and V2X devices since 2016 [5]. - The subsidiary focuses on overcoming key technical bottlenecks for L4 autonomous heavy trucks in complex highway environments [5]. Group 5: AI and Decision-Making - The company has accumulated over 900 AI algorithms and models, providing a unique path for vehicle-road collaboration that enhances operational efficiency [6]. - AI's value extends beyond individual efficiency improvements to optimizing complex networks, enabling precise vehicle control and timely safety alerts [6]. Group 6: Ecological Collaboration - The company possesses inherent advantages in the "road, data, and cargo" integration, facilitating collaboration with provincial transportation groups for testing and operational permits [7]. - The ecosystem connects nearly 3,000 logistics companies and 10 million truck drivers, providing a real business entry point for unmanned transport services [7]. - The company’s logistics service system has already provided capacity services to 50,000 enterprises, ensuring operational efficiency and cost reduction [7].