Group 1: Certification and Standards - The company is the first in China to obtain the EU's next-generation NG-eCall certification, which enhances the traditional eCall system by upgrading from 2G/3G to 4G/5G networks, improving data transmission rates significantly [1] - The national standard AECS integrates China's Beidou satellite navigation system and differs from the EU's NG-eCall in terms of data transmission and voice channels [1] - The implementation of the national standard AECS is expected to significantly reduce rescue times and lower traffic accident mortality rates, similar to the impact of seat belts and airbags [2] Group 2: Market Penetration and Impact - Prior to the national standard AECS, domestic eCall systems were defined by individual car manufacturers, lacking a unified standard; post-implementation, the penetration rate is projected to reach 100% [2] - The company has established a competitive advantage in the eCall sector by being an early mover, participating in the development of industry standards, and achieving multiple certifications [3][4] Group 3: Digital Energy Management Solutions - The company's digital energy management solution utilizes integrated "end and cloud" technology to enhance battery management and support various energy trading scenarios [6] - This solution is already applied in key areas such as automotive power batteries and energy storage systems, and is expanding into emerging fields like electric shipping [6] Group 4: Future Development Strategies - The company is in a strategic growth phase, focusing on deepening its core business while exploring new growth areas [7] - It aims to leverage its established technology and product base to support domestic and international vehicle manufacturers, thereby shortening their certification cycles [7][8] - The company is also expanding its digital energy management solutions and 5G-V2X applications to enhance product value and explore new market opportunities [8]

Financial Performance - The company achieved a net profit of 93.825 million yuan in the first half of 2025, representing a year-on-year growth of 26.33% [2] - The net profit excluding non-recurring gains and losses was 90.6394 million yuan, with a year-on-year increase of 26.62% [2] - R&D investment grew by 22% year-on-year, and cash flow from operating activities saw a significant increase of 126% [2] Product Development and Market Strategy - The company’s smart terminal products for vehicle networking include TBOX and eCall, but specific market share percentages were not disclosed [2] - The digital energy management solution has entered a new phase, enabling battery lifecycle management and supporting high-value energy trading scenarios [3] - The company has established a flexible production system to meet the production needs of automotive-grade products [6][7] International Expansion - The company became one of the first globally to pass the EU NG-eCall certification and the German VDA6.3 certification, marking significant progress in its international strategy [4] - The company has a first-mover advantage in the eCall sector, having passed the EU e-Call standard certification in March 2019 and the NG-eCall certification in January 2025 [6] Regulatory Environment - The national standard AECS has been released, with mandatory implementation set for July 1, 2027, although the market response is still developing [5] - The company is actively involved in the establishment of the emergency call system in China and has contributed to the drafting of the GB45672-2025 standard [6]