Core Insights - Changshu City hosted the Global Partners Action Promotion Conference for the automotive electronics industry, gathering industry leaders and experts to discuss future development [1] Industry Overview - Changshu is one of the earliest cities in the Yangtze River Delta to develop the automotive industry, with a total industry scale exceeding 160 billion yuan and over 500 upstream and downstream enterprises [1] - The automotive electronics sector, crucial for new energy vehicles, has been a key focus for Changshu, with nearly 100 related companies and an annual output value exceeding 60 billion yuan [1] - The automotive electronics industry in Changshu has formed a comprehensive ecosystem based on "power electronics, chassis electronics, and body electronics," with core areas including "safety comfort, infotainment, and intelligent driving" [1] Investment and Development - The conference showcased an innovation ecosystem and investment heat map for Changshu's automotive electronics industry, highlighting its location advantages, innovation resources, and investment priorities [1] - A total of 15 key automotive electronics projects were signed at the event, with a total investment of 3.9 billion yuan [1] - In 2023, Changshu has signed 59 projects related to the automotive electronics industry, with a total investment exceeding 15 billion yuan, covering core areas such as intelligent perception, smart cockpits, and domain controllers [1]

Group 1: Financial Performance - In 2024, the company's revenue decreased by 17.46% compared to the previous year, while the net profit attributable to shareholders dropped by 23.94% [3] - The decline in revenue was primarily due to the operational cessation of the subsidiary Shaanxi Shaqi Zhaofeng Technology Co., Ltd. and a reduction in international after-sales business [3] Group 2: Market Strategy and Business Development - The company has seen a 40% increase in sales in the domestic OEM market for automotive wheel hub bearing units in 2024 [5] - The company is actively expanding into emerging markets such as Southeast Asia and the Middle East, with a gradual increase in the share of new market business [11] Group 3: New Projects and Innovations - A new subsidiary, Zhaofeng (Hangzhou) Intelligent Equipment Co., Ltd., was established to focus on the research, development, and manufacturing of ball screws and planetary roller screws [6][7] - The company is collaborating with Zhejiang University to establish an Intelligent Innovation Research Institute, focusing on projects like automotive steer-by-wire systems [9][10] Group 4: Shareholder Returns - The company plans to distribute cash dividends amounting to 45.84% of the distributable profit for 2024, with a cash dividend of RMB 7.050487 per share [11] - A three-year shareholder return plan (2024-2026) has been developed, emphasizing stable returns through share buybacks and cash dividends [11]

Core Viewpoint - The "12th Automotive Electronics Innovation Conference and Automotive Chip Industry Ecosystem Development Forum (AEIF 2025)" will be held in Shanghai on May 14-15, focusing on cutting-edge, key, and disruptive technological breakthroughs in the automotive sector [1]. Group 1: Conference Overview - The conference will feature 1 summit forum, 1 supply-demand matching session, 3 thematic forums, and 1 product exhibition, with over a thousand attendees expected [2]. - The organizing committee aims to enhance connections between upstream and downstream players, expanding the coverage of vehicle manufacturers and parts suppliers, and providing more diverse showcasing opportunities for capable automotive chip companies [2]. Group 2: Agenda Highlights - The agenda includes various presentations on automotive chip solutions, such as high-performance AI cockpit systems, vehicle storage introductions, and applications of DSP chips in cabin audio [4][6][7]. - Notable speakers include industry leaders from companies like 瑞芯微电子, 普冉半导体, and 苏州国芯科技, discussing topics ranging from domestic chip solutions to advanced automotive technologies [4][6][7]. Group 3: Thematic Forums - The thematic forums will cover topics such as the automotive electronics industry ecosystem, smart connected and electric vehicles, and AI and autonomous driving [11][15][17]. - Key discussions will include the challenges and opportunities in the software-defined vehicle era, chip testing for automotive electronic quality, and the role of RISC-V architecture in promoting chip autonomy [12][14][18].