Core Insights - The company has a strong technical capability in the production of internal combustion engine cylinder liners and has expanded its product line to include key components such as pistons, piston rings, and bearings, establishing a comprehensive supply chain in the internal combustion engine friction pair components industry [1][2]. Group 1: Business Overview - The company has a long-standing presence in the internal combustion engine PCU business, serving both domestic and international markets with clients including BYD, Geely, Cummins, and Caterpillar [2]. - The company has entered the brake system sector through its subsidiary, producing innovative dual-metal brake drums and discs, which have broken foreign technological monopolies and achieved international leading standards [3]. Group 2: Product Development - The company has developed dual-metal composite brake drums and discs that enhance stiffness by 50% compared to similar market products and double their lifespan, showcasing its independent intellectual property [3]. - The company has successfully entered the international mainstream turbocharger supplier system and is achieving bulk supply in the domestic market for electronic control actuators [4]. Group 3: Financial Projections - Revenue projections for the company from 2025 to 2027 are estimated at 3.87 billion, 4.59 billion, and 5.31 billion yuan, representing year-on-year growth rates of 17%, 19%, and 16% respectively, with net profit forecasts of 420 million, 510 million, and 580 million yuan, reflecting growth rates of 104%, 22%, and 15% [6]. - The company is assigned a valuation of 18 times earnings for 2026, corresponding to a target stock price of 15.72 yuan and a target market value of 9.2 billion yuan, indicating a "buy" rating based on its leading position in the internal combustion engine PCU sector and growth potential in new businesses [6].

2025年12月12日，吉利全球全域安全中心正式发布，并一举创下"全球最大的汽车安全试验室"、"全球最长的室内汽车碰撞测试跑道"、"全球最大的汽车环 境风洞试验室"、"全球最大的任意角度汽车碰撞测试区(0-180°)"、"全球测试功能最多的汽车安全试验室"五大吉尼斯世界纪录。同时，吉利还发布了全面融 合"全域AI"进阶打造的"全域安全2.0"技术体系，并联合中国汽车技术研究中心有限公司、中国检验认证(集团)有限公司、清华大学等产学研机构发布《智能 汽车全域安全发展白皮书》，以系统性规划牵引汽车全域安全技术实现跨越式发展，为推动行业共建完善的安全体系贡献智慧与力量。 M . 创下五大世界纪录，吉利全球全域安全中心树立全球新标杆 吉利全球全域安全中心拥有五大吉尼斯世界纪录认证——其中，"全球最大的汽车安全试验室"建筑面积超8万㎡，集成多类型被动安全测试、雨雪雾主动安 全测试、辅助驾驶仿真类测试、网络安全测试等多类型试验功能，覆盖"生命、健康、财产、隐私"四大安全域的全方位守护测试；"全球最长的室内汽车碰 撞测试跑道"长度达293.39m，具备减速功能，可实现更高的初速度和可调的减速度范围，还支持无级角度对碰、翻滚 ...

2025年12月12日，吉利全球全域安全中心正式启用。 这座建筑面积8.2万平方米、建设耗资超20亿元的"安全试炼场"，打破多项吉尼斯世界纪录，致力于打 造"全球最大综合型安全试验室"。 坚守"安全至上"的品牌基因 吉利对于产品安全性的执着，早已镌刻在品牌的基因里。 10多年来，吉利通过欧洲研发中心，不仅学习沃尔沃的技术精髓，更注重掌握设计方法论：把真实事故 汇聚成研发数据；从设计草图到车辆报废全流程都确保严格执行安全标准，实现产品全生命周期验证。 基于吉利自主研发的全方位安全管理体系（GTSM），再汲取沃尔沃的设计理念，吉利的研发效率显著 提升，以前耗时半年的碰撞仿真测试仅需一个月就能出结果。 经过多年创新实践，吉利显著提升自身产品的安全性。2016年，吉利提出"安全识别圈"理念，将汽车安 全理念从传统的"撞了之后怎么办"前置到"没撞之前怎么防"，形成从预警到救援的闭环。目前，吉利旗 下所有车型碰撞测试标准都严格比照沃尔沃标准。截至2025年7月，在全球各大汽车权威安全评测里， 吉利已经获得一系列最高安全评级，整体评价位于行业前列。 向汽车行业全球标准制定者转型 吉利全球全域安全中心的启用，是吉利安全战略的 ...

Core Viewpoint - Geely has established a global benchmark in automotive safety with the launch of its Global All-Domain Safety Center, which has set five Guinness World Records, including the largest automotive safety testing laboratory and the longest indoor vehicle collision testing track [1][2][4]. Group 1: Global All-Domain Safety Center - The center covers an area of approximately 45,000 square meters and is recognized as the largest comprehensive safety testing laboratory globally, capable of conducting a wide range of tests including passive safety, active safety, and environmental simulations [2][4]. - The facility includes the world's largest automotive environmental wind tunnel, which can simulate altitudes of up to 5,200 meters and temperatures ranging from -20°C to 0°C [4]. - It features the largest arbitrary angle vehicle collision testing area, allowing for collision tests at any angle from 0 to 180 degrees, enhancing the realism of accident scenario simulations [5]. Group 2: All-Domain Safety 2.0 Technology System - Geely has introduced the "All-Domain Safety 2.0" technology system, which integrates AI and focuses on a holistic safety approach encompassing human, vehicle, road, cloud, and star [10][12]. - The system aims to achieve four safety visions: zero fatalities, zero health hazards, zero property losses, and zero privacy breaches, expanding the safety perspective from individual vehicles to the entire traffic ecosystem [12][20]. - The technology system has been developed with significant investment, including over 250 billion yuan in R&D over the past 11 years, and includes advanced features such as a tire blowout stability control system and a universal obstacle avoidance assistance system [14][16]. Group 3: Industry Collaboration and Standards - Geely's Global All-Domain Safety Center will be open for industry collaboration, allowing sharing of nearly 30 years of expertise in safety technology with industry partners [6][23]. - The company has participated in the development of 115 safety technology standards and has received over 70 top safety ratings in global assessments [16][21]. - The release of the "Intelligent Vehicle All-Domain Safety Development White Paper" aims to provide a strategic and practical framework for the industry's safety development, emphasizing a human-centered approach [6][12]. Group 4: Commitment to Safety - Geely has a long-standing commitment to safety, which is reflected in its corporate philosophy of prioritizing user safety and quality in vehicle manufacturing [17][19]. - The company has achieved various safety certifications and has been recognized for its contributions to international automotive safety standards [21]. - The launch of the Global All-Domain Safety Center and the All-Domain Safety 2.0 technology system represents Geely's dedication to advancing automotive safety and establishing a new chapter in the industry [23].

Core Viewpoint - The company, Wanma Technology, is a leading third-party provider in the vehicle networking sector, offering comprehensive solutions to automotive manufacturers through its subsidiary, Youka Technology [1] Group 1: Business Overview - Wanma Technology's vehicle networking business includes a global vehicle connection solution called ONESIM, which utilizes proprietary eSIM and 5G dual-card technologies [1] - The company provides services such as connection management, vehicle operation maintenance, traffic operation, global insights, and compliance management to help automotive companies streamline supply chain management and reduce operational costs [1] Group 2: Market Presence - The total number of connections in the company's vehicle networking business has exceeded 17 million, with over 1.1 million connections overseas [1] - Wanma Technology has established close partnerships with more than 10 well-known automotive manufacturers, including Geely, Zeekr, Li Auto, SAIC, Dongfeng, Lantu, and Zhiji [1] - The company provides overseas connection services for several prominent automotive brands, including Geely, Li Auto, Dongfeng Liuzhou Automobile, Dongfeng Motor, and SAIC [1]

截至目前，公司车联网业务连接总数超过1700万辆，其中海外超过110万辆。公司已与吉利、极氪、理 想、上汽、东风、岚图、智己等10多个知名汽车厂商建立紧密的合作关系，并为吉利、理想、东风柳 汽、东风汽车、上汽等多家知名汽车厂商提供出海连接服务。 格隆汇12月12日丨万马科技(300698.SZ)在投资者关系中表示，有被问到:能否介绍一下公司车联网领域 的业务情况？有哪些客户？ 答:在车联网领域，公司全资子公司优咔科技是国内领先的第三方车联网服务商，公司的全球车联 ONESIM一站式解决方案，通过车联网专网及连接管理平台，凭借自主的eSIM及5G双卡等技术赋能汽 车网联，在全球范围内提供包括连接管理、车联运维、流量运营、全球洞察及合规管理服务，帮助车企 简化供应链管理、降低管理运维成本、丰富业务运营能力并提升海外联网服务质量。 ...

Core Insights - The 7th Zhejiang International Smart Transportation Industry Expo opened on December 11 in Hangzhou, showcasing the achievements of the comprehensive transportation industry in Zhejiang and fostering new productive forces in the transportation sector [1][2] Group 1: Event Overview - The expo features "5 major theme pavilions + 2 special exhibition areas + X supporting activities," providing a comprehensive display of the development results in the transportation industry [1][2] - A significant model called "Four Ports Intelligent Transportation" was officially released, developed under the guidance of the Provincial Transportation Department and the Provincial Data Bureau, aimed at enhancing logistics efficiency through AI [1][2] Group 2: Participation and Exhibits - A total of 280 enterprises participated in the expo, including 77 leading domestic and international companies such as CRRC, Tianmushan Laboratory, Zhenhua Heavy Industries, Hikvision, Huawei, Geely, and Zhejiang Energy [1][2] - The event showcased 695 new technologies, products, and equipment, with 57 highlighted exhibits, covering various sectors including highways, railways, ports, logistics, aviation, low-altitude economy, green and low-carbon initiatives, and digital transportation [1][2] Group 3: Investment Projects - Several comprehensive transportation industry investment projects spanning multiple fields are set to be signed at the expo, indicating a strong interest in advancing the sector [1][2]

2025年12月12日，吉利全球全域安全中心正式发布，中心面积超8万平方米，具备27大类测试能力，覆盖全域安全技术验证。一举创下"全球最大的汽车安全 试验室""全球测试功能最多的汽车安全试验室"等五大吉尼斯世界纪录，并宣布即日起面向全行业开放共享。 现场吉利还发布了全面进阶的"全域安全2.0"技术体系，在四大安全领域基础上，以全域AI赋能九大安全系统迭代升级，首次纳入"公域安全"新维度，将侧 重"整车安全"的视角升级为"人-车-路-云-星"的生态视角，将安全的视野从单车扩展到整个交通生态。 同时，吉利联合中国汽车技术研究中心有限公司、中国检验认证（集团）有限公司、沃尔沃、清华大学等11家产学研机构发布《智能汽车全域安全发展白皮 书》，以系统性规划牵引汽车全域安全技术实现跨越式发展，为推动行业共建完善的安全体系贡献智慧与力量。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 ...

China's Geely Auto on Friday launched a $284 million facility providing safety tests for the automotive industry in general in anticipation of growing demand at home and abroad from regulators and con... ...

Core Viewpoint - Geely Auto Group has launched the Geely Safety Centre, the world's largest and most advanced automotive safety testing facility, aimed at enhancing safety technologies and setting new global safety benchmarks [1][6]. Group 1: Facility Overview - The Geely Safety Centre covers an area of 45,000 m² with an initial investment exceeding 2 billion RMB [1]. - The centre has set five world records, including the largest automotive safety laboratory (81,930.745 m²) and the longest indoor car crash test track (293.39 meters) [4]. Group 2: Testing Capabilities - The facility encompasses a wide range of safety testing, including high-speed crash tests, pedestrian protection, active safety simulations, and cybersecurity evaluations [3]. - It features capabilities for testing volatile materials and harmful substances, ensuring products meet a "zero harmful gas/odor" standard [3]. Group 3: Research and Development - Over the past decade, Geely has invested more than 250 billion RMB in R&D, with a focus on safety as a core priority [6]. - The centre aims to combine global best practices in automotive safety with Geely's R&D capabilities to exceed regulatory requirements [5]. Group 4: Collaboration and Innovation - The Geely Safety Centre will enhance collaboration with institutions like CATARC and Tsinghua University, contributing to the development of intelligent vehicle safety [5]. - The centre supports the innovation of safety technologies in response to the global electric and intelligent transformation of the automotive industry [8].