AHHL(SH:600761) Chan Ye Xin Xi Wang·2026-01-12 01:19Core Insights - The fleet management system is a SaaS software designed for fleet operators to achieve efficient, safe, and controllable vehicle management and scheduling [1][7] - The demand for fleet management systems is increasing due to challenges in vehicle scheduling, high fuel consumption, and uncontrollable road conditions in logistics, transportation, and public transport sectors [1][7] - The market size of China's fleet management system industry is projected to grow from 8.652 billion yuan in 2019 to 19.276 billion yuan in 2024, with a compound annual growth rate (CAGR) of 17.38% [1][7] - By 2025, the market size is expected to reach 22.167 billion yuan, driven by technological advancements and expanded application scenarios [1][7] Industry Overview - Fleet management systems integrate vehicle data recording, satellite positioning, and data communication technologies, providing real-time monitoring and management of vehicles and drivers [3][7] - Key functionalities include vehicle scheduling, route planning, transport monitoring, fuel management, maintenance, and safety management [3][6] - The system enhances operational efficiency and safety, addressing issues such as inflexible scheduling and high operational costs [1][7] Industry Chain - The upstream of the fleet management system industry includes hardware providers (GPS devices, communication equipment) and software developers [4] - The midstream consists of software platform developers and solution service providers that integrate technologies and hardware to create comprehensive management platforms [4] - The downstream market encompasses logistics, passenger transport, public transport, and various enterprises with vehicle assets [4] Market Dynamics - The fleet management system industry is characterized by a diverse competitive landscape, with both domestic and foreign companies participating [9] - Notable domestic companies include Anhui Heli, Shenzhen Yuandao, and various software development firms [2][9] - The competition is shifting from single product offerings to systematic and intelligent services, with a focus on technological innovation and market penetration [9] Development Trends - Future trends include full-link digitalization and ecological collaboration, integrating fleet management with logistics and supply chain systems [14] - The systems will evolve towards predictive decision-making, utilizing AI and machine learning for proactive management [15] - Connectivity and cloud integration will enhance remote control capabilities and real-time data interaction between vehicles and management systems [16]