Company Developments - In December 2025, the company announced securing an overseas project from a leading intelligent driving system integrator, with a total contract value of 176 million yuan, expected to start mass production and delivery in December 2026, with a lifecycle of three years. This project's implementation will directly impact the company's overseas expansion in the smart automotive sector [2] - The company plans to invest 54.8 million USD to build a new factory in Malaysia focused on the research and production of smart sensors and actuators, with a construction period of four years. The progress of this construction and subsequent capacity release in 2026 will be crucial [3] - On January 8, 2026, the company released a draft for an employee stock ownership plan involving 48 core employees, with a lock-up period of 14 months. The performance assessment targets for the company are a sales volume and net profit growth rate of no less than 12% compared to 2025. The impact of this plan on team stability and performance targets should be monitored [5] Strategic Initiatives - On November 27, 2025, the company submitted a listing application to the Hong Kong Stock Exchange, aiming to establish a dual capital platform ("A+H"). The progress of the Hong Kong Stock Exchange's review and the role of raised funds in supporting overseas business should be closely observed [4] Industry Context - In 2026, major automotive companies like BBA are accelerating their electrification and intelligent layout in China, such as Audi's collaboration with Huawei to integrate advanced intelligent driving systems. As a supplier of vehicle-mounted sensors, the company needs to focus on deepening cooperation with downstream automotive manufacturers and securing orders [6] - The company's new products, including intelligent server liquid cooling flow sensors, are currently in the customer testing phase, and the progress of their mass application in 2026 is noteworthy [7]
奥迪威2026年关注点：订单交付、海外建厂与H股上市