Group 1 - The core viewpoint of the report is that Altec (300825.SZ) is rated as a "buy" due to its leading position in independent automotive design in China and its comprehensive coverage from product definition to manufacturing [2] - The integration of AI into the design business is expected to reshape the research and development paradigm, enhancing the company's competitive edge [2] - The growth of electric and intelligent vehicles is anticipated to create significant opportunities for independent third-party design companies, with Altec's research and design business poised to benefit [2] Group 2 - Altec's dual strategy of "export + AI application" is accelerating, which is expected to expand its high-quality customer base continuously [2] - The company is focusing on key automotive components to create new growth drivers and is gradually expanding its supply chain support while beginning to extend into complete vehicle manufacturing [2]