Group 1 - The core point of the article is that Alt Automotive Technology Co., Ltd. has obtained a patent for "AUTOSAR software component development methods, devices, equipment, and storage media," with the authorization announcement number CN 114675822 B, and the application date being February 2022 [1] Group 2 - Alt Automotive Technology Co., Ltd. was established in 2007 and is located in Beijing, primarily engaged in professional technical services [1] - The company has a registered capital of 4,980.40481 million RMB [1] - According to data analysis, Alt Automotive has invested in 36 companies, participated in 213 bidding projects, holds 156 trademark information, and has 2,489 patent information, along with 10 administrative licenses [1]

9月16日，IDIADA中国区总经理Mandip Tack一行到访中国汽研，中国汽研党委副书记、董事、总经理 刘安民出席接待并座谈交流。刘安民对Mandip Tack一行到访表示欢迎，并详细介绍了中国汽研的全链 条技术服务能力。他表示，双方在出口认证、Euro Ncap、Green Ncap等领域开展了相关合作，取得了 阶段性成果。未来，希望双方能发挥各自战略资源优势，继续拓展合作广度，加深技术研究交流，在产 品研发、检测认证一体化、出口认证等领域开展更多实质性合作。（中国汽研） ...

西南证券近日发布2025年半年报点评：2025年上半年实现营业收入19.1亿元，同 比-6.4%；实现归母净利润4.1亿元，同比+1.8%。 司主动退出利润率较低的专用汽车改装与销售业务，该板块收入同比-68.5%。2）结构调整 成效初显，高附加值业务实现高速增长。轨道交通及专用汽车零部件业务实现收入0.5亿 元，同比大幅增长97.0%，反映了公司聚焦核心零部件、提升产品竞争力的战略初见成效。 3）此外，公司在机器人检测领域持续布局，旗下凯瑞机器人公司获批筹建重庆市无人机系 统产品质量检验检测中心，有望受益于低空经济及机器人产业发展，或成新增长点。 投资要点 业绩总结：2025年上半年实现营业收入19.1亿元，同比-6.4%；实现归母净利润4.1亿 元，同比+1.8%。 经营分析：25H1，公司整体营收结构优化，核心的汽车技术服务业务收入17.2亿元，同 比+2.9%，收入占比提升至90.0%；装备制造业务收入2.0亿元，同比-47.8%，收入占比下 降。 经营分析：25H1，公司整体营收结构优化，核心的汽车技术服务业务收入17.2亿元，同 比+2.9%，收入占比提升至90.0%；装备制造业务收入2.0亿元， ...

Group 1 - The State Intellectual Property Office of China has granted a patent to Alt Automotive Technology Co., Ltd. for a "Chassis Structure and Vehicle," with the authorization announcement number CN223327587U, applied for on November 2024 [1] - The patent describes a chassis structure that includes a front floor assembly, battery pack, and positioning components, enhancing the overall strength and impact resistance of the front floor assembly [1] - The design allows for effective positioning of the battery pack during replacement, minimizing structural damage from frequent battery changes [1] Group 2 - Alt Automotive Technology Co., Ltd. was established in 2007 and is located in Beijing, primarily engaged in professional technical services [2] - The company has a registered capital of 4,980.40481 million RMB and has invested in 35 enterprises, participated in 211 bidding projects, and holds 2,475 patent records [2] - Additionally, the company has 156 trademark records and possesses 10 administrative licenses [2]

Group 1 - The core point of the article is that Alter Automotive Technology Co., Ltd. has obtained a patent for an integrated variable flow cooling water pump motor structure, indicating innovation in automotive technology [1] - The patent was granted with the announcement number CN111864995B, and the application date was July 2020 [1] - Alter Automotive Technology Co., Ltd. was established in 2007 and is located in Beijing, primarily engaged in professional technical services [1] Group 2 - The company has a registered capital of 4,980.40481 million RMB [1] - According to data analysis, Alter Automotive has invested in 35 companies and participated in 210 bidding projects [1] - The company holds 156 trademark registrations and 2,470 patent records, along with 10 administrative licenses [1]

Group 1 - The core point of the news is that Altec Automotive Technology Co., Ltd. experienced a stock price drop of 5.01%, reaching 11.95 CNY per share, with a trading volume of 425 million CNY and a turnover rate of 7.27%, resulting in a total market capitalization of 5.952 billion CNY [1] - Altec was established on May 23, 2007, and went public on March 27, 2020. The company specializes in the design of fuel and new energy vehicles, along with related technical services in the automotive industry [1] - The main revenue composition of Altec is 94.34% from professional technical services and 5.66% from manufacturing [1] Group 2 - From the perspective of fund holdings, one fund under Everbright Prudential has a significant position in Altec. The Everbright Prudential Anyang One-Year Mixed A Fund (012027) held 90,000 shares in the second quarter, accounting for 0.87% of the fund's net value, ranking as the eighth largest holding [2] - The Everbright Prudential Anyang One-Year Mixed A Fund was established on June 17, 2021, with a latest scale of 66.3592 million CNY. Year-to-date returns are 7.53%, with a ranking of 6039 out of 8189 in its category; the one-year return is 13.17%, ranking 6364 out of 7969 [2] - The fund manager, Huang Bo, has a tenure of 5 years and 327 days, managing total assets of 14.614 billion CNY, with the best fund return during his tenure being 60.59% and the worst being 10.34%. The co-manager, Hua Yeshun, has a tenure of 2 years and 348 days, managing assets of 1.24 billion CNY, with the best return of 19.9% and the worst of 10.27% during his tenure [2]

Core Viewpoint - Shanghai Jinruichi Automotive Technology Service Co., Ltd. has been established with a registered capital of 50,000 RMB, focusing on various automotive services and products [1] Company Summary - The company is legally represented by Tian Quanyuan [1] - The registered capital is 50,000 RMB [1] - The business scope includes technology services, development, consulting, and transfer related to automotive technology [1] - It also engages in wholesale and retail of automotive parts, lubricants sales, and various automotive-related services [1] Industry Summary - The company operates in the automotive sector, providing a wide range of services including vehicle maintenance, parts manufacturing, and rental services for small and micro passenger vehicles [1] - The scope of operations includes specialized cleaning, disinfecting services, and sales of automotive decorative products [1] - The company is positioned to leverage the growing demand for automotive services and parts in the market [1]

Company Overview - Shenzhen Delianjieya Automotive Technology Service Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Liu Ting [1] Business Scope - The company engages in a variety of activities including sales of mechanical parts and components, remanufacturing of automotive parts, and manufacturing of automotive components and accessories [1] - Additional services include mechanical parts processing, sales of electrical and electronic components, retail of hardware products, and sales of metal materials [1] - The company also offers services in mold manufacturing and sales, rubber and plastic products sales, enterprise management consulting, and marketing planning [1] - Information consulting services, conference and exhibition services, software development, and technical services are part of the operational scope [1] - Retail and wholesale of computer hardware and software, sales of refrigeration and air conditioning equipment, and office supplies are included in the business activities [1] - The company provides professional design services, advertising publishing, design and agency services, procurement agency services, and information technology consulting [1]

Core Viewpoint - The report highlights the financial performance and operational developments of China Automotive Engineering Research Institute Co., Ltd. (CAERI) for the first half of 2025, indicating a focus on high-quality development amidst market challenges and a strategic shift towards core automotive technology services and equipment manufacturing [1][2]. Financial Performance - The company reported a total revenue of CNY 2,040,732,696.06, a decrease of 6.36% compared to the same period last year [3][15]. - Total profit amounted to CNY 529,540,378.48, reflecting a slight decline of 0.96% year-on-year [3][15]. - Net profit attributable to shareholders was CNY 408,597,257.33, showing a growth of 1.77% compared to the previous year [3][15]. - The company’s cash flow from operating activities was negative at CNY -40,697,175.42, an improvement from CNY -136,018,561.08 in the previous year [3][15]. Business Segments - The automotive technology services segment generated revenue of CNY 1,715,869,162.73, up 2.94% year-on-year, while the equipment manufacturing segment saw a significant decline of 47.84%, with revenue of CNY 1,950,000,000 [3][15]. - The company has focused on optimizing resource allocation and transitioning away from low-margin specialized vehicle businesses [3][15]. Industry Context - The automotive industry in China showed resilience, with production and sales reaching 15.62 million and 15.65 million vehicles respectively in the first half of 2025, marking year-on-year growth of 12.5% and 11.4% [4][5]. - The demand for new energy vehicles (NEVs) surged, with production and sales reaching 6.97 million and 6.94 million units, reflecting growth rates of 41.4% and 40.3% respectively [4][5]. - The regulatory environment is evolving, with new standards and policies being introduced to enhance the safety and performance of intelligent connected vehicles [5][6]. Strategic Initiatives - The company is implementing a regional coordination and collaborative service model to enhance its marketing system and improve operational efficiency [8][10]. - Significant investments in research and development have been made, with a focus on core technology breakthroughs in electric and intelligent vehicles [12][13]. - The establishment of an overseas division aims to expand the company's international footprint and enhance the competitiveness of Chinese automotive brands in global markets [12][13]. Market Trends - The automotive technology service sector is experiencing increased demand due to the rapid growth of NEVs and advancements in smart driving technologies [4][6]. - The company is positioned as a key player in the automotive testing and quality assurance sector, leveraging its national-level research and testing facilities to support industry innovation [7][12].

Company Changes - Liu Anmin has resigned from the position of Secretary of the Board but will continue as a director and general manager of China Automotive Research [1] - Huang Yanjun has been appointed as the new Secretary of the Board following the approval of the nomination committee [1] Revenue Composition - For the year 2024, the revenue composition of China Automotive Research is as follows: - Automotive technology services for complete vehicles and traditional parts development and testing account for 64.06% - Automotive technology services for new energy and intelligent connected vehicles development and testing account for 15.81% - Automotive technology services for testing equipment account for 7.97% - Automotive gas systems and key components account for 5.59% - Special vehicle modification and sales account for 4.5% [1] Market Valuation - As of the report date, the market capitalization of China Automotive Research is 19.5 billion yuan [1]