证券代码：301600 证券简称：慧翰股份 慧翰微电子股份有限公司 截至目前，公司已陆续取得英国、阿联酋、沙特等多个 国家及地区的测试认证资质，成为国内少数实现认证体系全 面覆盖的企业，能够充分满足客户海外出口需求，为车企产 品进入全球主要市场提供有力支撑。 3、公司认为 eCall 这个产品的技术门槛在哪里？公司 eCall 产品是否有自己独特的优势呢？ 2025 年 11 月 21 日投资者关系活动记录表 编号：2025-025 投资者关系活 动类别 ☑ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ☑ 现场参观 □其他（电话会议） 参与单位 国泰海通证券、中信保诚基金。 时间 2025 年 11 月 21 日 16:00-17:00 地点 1#楼 5 层会议室（一） 上市公司接待 人员 冯静女士、潘敏涛先生 投资者关系活 动主要内容 1、国标AECS将于2027年7月1日实施，公司认为eCall 会复刻前几年 ETC 一样的需求爆发式增长吗？ AECS 是车载事故紧急呼叫系统，与 ETC 均是依托相关政 策法规催生的增量市场，在政策实施阶段，具有爆发式的需 求。 事实上 ...

Company Overview - The company focuses on ICT core technologies, initially specializing in Bluetooth, WiFi, and GPS for automotive communication modules, establishing a strong position in a niche market despite limited market size [2] - In 2012, the company entered the automotive communication sector, launching the first generation of connected vehicle terminal products, TBOX 1.0, and became a primary supplier for SAIC Group [2][3] - The company has developed a diverse business matrix centered around TBOX, eCall systems, digital energy management solutions, and IoT smart modules [4] Product Development and Market Position - The company has achieved significant milestones in eCall technology, obtaining the first domestic EU eCall certification in 2019 and the next-generation NG eCall certification in January 2025, making it one of the first globally to achieve these certifications [3] - The TBOX market is expected to grow due to increasing consumer demand for smart driving and connectivity features, with the introduction of 5G-V2X technology enhancing the value per vehicle [5] - The company has established long-term partnerships with leading domestic and international automotive manufacturers, including SAIC, BYD, and Toyota, and is expanding its global footprint [4][5] Market Penetration and Future Growth - The penetration rate of TBOX products is anticipated to rise as automotive manufacturers increase investments in smart connectivity [5] - The eCall product's technical barriers include reliability and compliance with stringent safety standards, which the company has successfully navigated to gain a competitive edge [6] - The implementation of national standards (AECS) is expected to drive eCall system adoption to 100% in the domestic market [6] International Strategy and Revenue - The company is transitioning from "on-vehicle export" to "export on-vehicle" to enhance its international strategy, aiming to increase overseas revenue [7] - Current overseas revenue is low due to eCall products being classified as domestic income when installed in vehicles exported by domestic manufacturers [7] - The company has received the German VDA6.3 certification, enhancing its capabilities in quality management and compliance, which supports future international collaborations [7]

Core Viewpoint - Soft Control Co., Ltd. has diversified its business through its subsidiary Huakong Energy, focusing on energy management and renewable energy solutions [1] Group 1: Business Areas - Huakong Energy's main business includes contract energy management [1] - The company is involved in the construction and digital operation of photovoltaic power stations [1] - It also engages in public engineering for rubber tires and energy-saving renovations [1] - Additionally, Huakong Energy provides biomass energy services [1]

Core Insights - The global industrial landscape is undergoing profound changes driven by AI technology and carbon neutrality goals, leading to a shift from traditional experience-driven energy management to data intelligence-driven approaches [1][3] - AI is identified as a key engine to address the dual challenges of "computing power explosion" and "energy efficiency constraints" in digital economy infrastructure [1][4] - Schneider Electric emphasizes the importance of integrating AI technology to optimize lifecycle management and enhance energy efficiency while transitioning from passive energy saving to proactive value creation [1][5] Industry Trends - By 2030, the number of IoT devices is expected to grow sixfold, and AI will increase data center electricity consumption by 4.2 times from 2023 to 2028 [1] - The National Development and Reform Commission and the National Energy Administration of China have set two-phase goals for integrating AI with energy management, aiming for a preliminary system by 2027 and world-leading technology by 2030 [3][4] - The energy management landscape is shifting towards a complex network requiring real-time responses and multi-system interactions, driven by the increasing demand for computing power and innovative technologies [4][5] Company Initiatives - Schneider Electric advocates for a new paradigm of "full lifecycle coverage + industry depth practice" to achieve dual goals of computing power enhancement and low-carbon high-quality development [5][6] - The company has implemented innovative technologies in its "sustainable lighthouse factory" in Wuxi, achieving significant reductions in emissions and resource usage [6][8] - Schneider Electric is committed to achieving "zero carbon readiness" by 2030 and net-zero carbon emissions across its value chain by 2050 [8][9] R&D and Collaboration - The company has increased its R&D investment in China, establishing multiple centers to enhance local innovation and adapt solutions to meet domestic needs [9][10] - Schneider Electric has successfully hosted the "Winning Together Program" to support SMEs by providing real user scenarios and project opportunities, facilitating low-carbon transformation in the industry [9][10] - The competitive landscape in the AI era is characterized by ecosystem collaboration, where breaking down barriers and fostering open cooperation are essential for driving future growth [10]

Core Viewpoint - The article emphasizes the profound transformation in the global industrial landscape driven by the integration of artificial intelligence (AI) and "dual carbon" goals, leading to a shift in energy management from traditional experience-driven methods to data intelligence-driven approaches [1][4]. Group 1: AI and Energy Management - AI is becoming a central engine to address the dual challenges of "computing power explosion" and "energy efficiency constraints" in digital economy infrastructure, particularly in data centers [1][6]. - The number of IoT devices is projected to grow sixfold from 2020 to 2030, while AI is expected to increase data center electricity consumption by 4.2 times from 2023 to 2028 [1][6]. - Schneider Electric believes that the complex scenarios in energy management present both challenges and opportunities for enhancing industry efficiency through AI and other digital technologies [1][7]. Group 2: Policy and Industry Drivers - The National Development and Reform Commission and the National Energy Administration of China have set two-stage goals for integrating AI with energy development, aiming for a preliminary innovation system by 2027 and achieving world-leading energy AI technology by 2030 [5][6]. - The shift from traditional energy supply to a multi-energy complementary grid is highlighted, with a focus on enhancing reliability and scale through investments in nuclear power and renewable energy sources [6][7]. Group 3: Innovative Practices and Solutions - Schneider Electric advocates for a new paradigm of "full lifecycle coverage + industry depth practice," leveraging AI to optimize hardware and software integration for energy management [9][10]. - The company has successfully implemented innovative technologies in its "sustainable lighthouse factory" in Wuxi, achieving a 90% reduction in Scope 1 and Scope 2 emissions and a 65% reduction in Scope 3 emissions within two years [10][11]. - The EcoStruxure™ Energy Operation system is designed to enhance energy management efficiency by processing multidimensional data and improving deployment efficiency by 30% [11][12]. Group 4: Commitment to Sustainability - Schneider Electric aims to achieve "zero carbon readiness" by 2030 and net-zero carbon emissions across its value chain by 2050 [13][14]. - The company has established multiple R&D centers in China to enhance local innovation and adapt solutions to meet domestic needs, ensuring that products are tailored for the Chinese market [14][15]. Group 5: Collaborative Ecosystem - The company emphasizes the importance of cross-sector collaboration and co-creation to leverage AI technology effectively, advocating for an open approach to partnerships and breaking down barriers in the industry [15][16].

Core Insights - The event "Investment in China: Green Low-Carbon Industry Matching Activity" was successfully held during the 8th China International Import Expo, aiming to implement the national "dual carbon" strategy and promote international cooperation in the green low-carbon industry [1] - The Chinese government emphasizes the importance of foreign investment in the green low-carbon sector, highlighting the country's role in the global green transition and the opportunities it presents for foreign enterprises [1] - The event featured discussions on policies, technical paths, and experiences related to zero-carbon park development, showcasing the collaborative efforts between government and industry [2][3][4] Group 1 - The event was organized by the Ministry of Commerce, with participation from nearly 50 representatives from Fortune 500 companies, multinational corporations, and leading domestic enterprises [1] - The Ministry of Commerce's official stated that the green low-carbon industry has become a significant growth point for foreign investment in China, which has a complete industrial chain and vast market space [1] - The event included a policy interpretation session where the National Development and Reform Commission discussed the "1+N" policy framework supporting zero-carbon park construction [2] Group 2 - The session featured insights from various experts on the technical paths and evaluation standards for ecological industrial park construction, emphasizing the need for carbon emission monitoring and resource recycling [2] - Representatives from different economic and technological development zones shared their experiences in transitioning to zero-carbon practices and the challenges they face [3] - A roundtable discussion involved executives from multinational companies and domestic enterprises, focusing on zero-carbon park planning, energy management, and green finance, facilitating a deeper understanding of market opportunities [4]

Core Insights - The construction of zero-carbon parks is crucial for industrial green transformation, with its significance highlighted in the 2025 government work report [1] - The "2025 Zero Carbon Park Industry Impact Insight Report" was jointly released by Schneider Electric and Shanghai Jiao Tong University, providing insights into the challenges and practical experiences in building zero-carbon parks [1] Group 1: Market Dynamics - By 2025, the construction of zero-carbon parks is expected to shift from being policy-driven to market-driven across the country [2] - Initial investment for zero-carbon parks is substantial, focusing on the electrification of traditional energy facilities and the establishment of new energy systems, leading to long payback periods and financial pressure on developers and enterprises [2] Group 2: Technological and Operational Challenges - The construction of zero-carbon parks is a technology-intensive system engineering project, facing challenges due to varying natural endowments and industry attributes, resulting in significant differences in technical paths and transformation measures [2] - Many key technologies are still in the early stages of demonstration or commercialization, lacking mature, economically viable solutions for large-scale application at the park level [2] Group 3: Solutions and Recommendations - To promote the large-scale development of zero-carbon parks, efforts should focus on technological innovation and ecological collaboration [2] - Technology is identified as the core driving force for low-carbon transformation, capable of directly reducing carbon emissions and providing economically viable solutions for the transition [2] - Park operators and enterprises should leverage ecological strengths to overcome the limitations of individual capabilities [2] Group 4: Policy and Practical Experience - The National Development and Reform Commission, along with other departments, has issued guidelines for the orderly development of zero-carbon parks, emphasizing the importance of practical experience in current construction efforts [3] - The report includes case studies from parks, industrial, and construction sectors that have achieved significant results in energy structure transformation and carbon management, serving as reference models for global low-carbon initiatives [3] Group 5: Strategic Importance - The value of zero-carbon parks extends beyond mere emissions reduction, serving as a "main battlefield" for achieving dual carbon goals and as a "new engine" for developing new productive forces and restructuring industrial green competitiveness [5]

Core Insights - The report titled "2025 Zero Carbon Park Industry Impact Insight Report" was jointly released by Schneider Electric and several authoritative institutions at the China International Import Expo, aiming to promote the standardization of zero-carbon park construction [1] - Zero-carbon parks are identified as the smallest execution units for precise carbon emission governance, playing a crucial role in achieving China's dual carbon goals [2] - The construction of zero-carbon parks is entering a phase of standardized implementation, with the goal of establishing around 100 national-level zero-carbon parks during the 14th Five-Year Plan period [3] Group 1: Industry Significance - There are currently 15,000 various parks in China, with 80% of industrial enterprises concentrated in these parks, which account for over 40% of the national energy consumption and 31% of carbon emissions [2] - The zero-carbon park initiative is seen as a strategic pivot for China to align with international carbon systems and address carbon tariff constraints [2] - The report emphasizes that zero-carbon parks can transform energy consumption structures and enhance new energy absorption capabilities through distributed microgrid deployment [2] Group 2: Policy Framework - The national policy framework for zero-carbon park construction has been established, with clear indicators for evaluation, including energy consumption carbon emissions and clean energy consumption ratios [4] - Multiple provinces have begun to actively develop zero-carbon park initiatives, indicating a competitive landscape for "zero carbon" futures [4] Group 3: Technological and Market Dynamics - The report highlights the importance of technological innovation and ecological collaboration in overcoming challenges faced by zero-carbon parks, such as commercial viability and technical maturity [6][7] - Schneider Electric suggests that both technology and collaborative efforts among various stakeholders are essential for scaling up zero-carbon park development [7] - The transition from policy-driven to market-driven development of zero-carbon parks is anticipated, with these parks becoming essential for high-quality economic development in China [8]

Core Insights - GridBeyond has launched a new tool called Designer in the Southwest Power Pool (SPP) to assist asset owners in planning, designing, and analyzing prospective investments, optimizing project planning and operations [1] - The Designer tool aims to maximize revenue from real-time markets and reduce energy spending while achieving other project goals such as carbon reduction [1] - The integration of renewable energy sources like wind and solar is increasing in SPP, necessitating the optimization of energy consumption and the use of digital platforms [1] Company Overview - GridBeyond's AI solution utilizes historical and forecasted energy prices, load and generation profiles, site-specific factors, and project configurations to identify optimal designs and operational strategies [1] - The Designer tool complements the recently launched Forecaster solution, providing a suite of tools for customers to explore various trading scenarios and quantify values related to different market participation strategies [1] Industry Context - In SPP, coal and natural gas are currently the primary sources of electricity generation, but wind and solar are becoming significant clean energy alternatives [1] - The rapid growth of large-scale battery investments and behind-the-meter installations in SPP is making real-time battery trading more complex, requiring advanced AI tools for decision-making [1] - Sean McEvoy, president of North America at GridBeyond, emphasized that Designer is built on the foundation of their accurate Forecaster to capture maximum value and generate higher revenues for grid-connected battery energy storage systems (BESS) [1]

慧翰股份（301600.SZ）11月4日在投资者互动平台表示，公司的数字化能源管理系统已经在换电、超充 系统量产，深度切入头部能源企业供应链，并向物流车、工程机械、储能设备、电动船舶等场景渗透。 相关技术可以应用到光伏风电领域。 每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘您好，新能源板块已经渐渐走出前几年的 周期阵痛，慢慢的复苏反转，我们公司的数字化能源管理项目除了应用到锂电方面，另外是否可以应用 到光伏风电领域？ （文章来源：每日经济新闻） ...