Core Viewpoint - The acquisition of 100% equity in the Extreme Testing Center by the company is a significant strategic milestone, enhancing its core competitiveness and bringing multiple positive impacts on strategic layout, financial performance, and shareholder returns [2][4][6]. Group 1: Strategic Importance of the Acquisition - The Extreme Testing Center is the only national center in China focused on automotive testing in cold environments, which adds a rare qualification to the company, significantly enhancing its technical authority in seasonal and scenario testing services [4][6]. - This acquisition resolves potential industry competition issues and improves the company's governance structure, aligning with the State-owned Assets Supervision and Administration Commission's requirements for central enterprises [4][6]. - The acquisition allows the company to extend its service capabilities to extreme environments, creating a comprehensive testing service system that includes both conventional and extreme conditions, thus expanding its business boundaries [6][7]. Group 2: Financial Implications - The cash acquisition avoids equity dilution, protecting existing shareholders' interests while optimizing capital allocation efficiency [7][8]. - The Extreme Testing Center has shown strong financial performance, with a revenue of 71.34 million yuan and a net profit of 15.27 million yuan in the first four months of 2025, indicating a return on equity (ROE) of 15.08% [8][9]. - The integration of the Extreme Testing Center is expected to enhance the company's key financial metrics, directly increasing net profit and ROE post-acquisition [8][9]. Group 3: Shareholder Value and Market Confidence - The acquisition aligns with the company's commitment to value management and is seen as a practical step to enhance intrinsic value and return to investors [10][12]. - The company has consistently implemented cash dividends since its listing, with a total dividend amount of approximately 300 million yuan and a dividend ratio of 61.10% for 2024, indicating a strong commitment to shareholder returns [10][12]. - The management emphasizes that this acquisition is a key move to secure a strategic position in the new energy vehicle testing market, enhancing the company's service capabilities and opening up high-value growth opportunities [12][13].

此外，中国汽研还打造了覆盖10万+真实路况的测试场景库，结合其他的品宣项目，让技术标签落地为 用户体验，让技术实力成为品牌自信的底气，以权威的品牌树立信任的支持。 为中国汽研董事长周玉林发表主旨演讲 当前，我国汽车产业正处于从规模扩张向质量效益提升的转型关键期。发展新质生产力，推动品牌建设 是这一过程中不可或缺的重要支撑。为产业高质量发展凝聚共识，作为国家级检验检测专业服务机构， 中国汽研成立60周年来，始终牢记为中国汽车工业发展注入强劲科技动力的核心使命，在汽车领域积累 了深厚的专业能力，涵盖了技术的研发、检测认证、标准制定等多个方面。 在汽车产业向上向新而行的浪潮中，中国汽研不仅要做技术攻关的同行者，更要成为产业技术引领者与 品牌赋能者，为品牌向上构筑牢固的根基，以技术共创赋能力量。作为国家级科创平台，中国汽研深耕 汽车产业前沿技术验证，不仅仅做检验检测的检测者，而是与企业共筑技术价值。中国汽研打造了"军 标极限测评"等品牌IP，通过极限工况打造汽车安全新高度，为汽车安全保驾护航。 7月31日，2025汽车新质生产力发展论坛·持续向上-汽车品牌的长期主义分论坛在重庆举办。中国汽车 工程研究院股份有限公司（ ...

Summary of Key Points Core Viewpoint - The company, China Automotive Engineering Research Institute Co., Ltd. (China Automotive Research), is actively engaging with investors to enhance understanding of its operational strategies and future plans, particularly in the context of the evolving automotive industry towards electrification, intelligence, connectivity, and low-carbon initiatives [1][2]. Group 1: Investor Communication and Engagement - The company held an investor communication meeting on May 9, 2025, in Chongqing to discuss its operational status and strategic execution for 2024 and the first quarter of 2025 [1]. - Various securities firms and investment management companies participated in the meeting, indicating a broad interest from the investment community [1]. Group 2: Industry Trends and Company Positioning - The automotive industry is undergoing significant changes due to the "new four modernizations" (electrification, intelligence, connectivity, and low-carbon), prompting testing institutions to shift from traditional compliance testing to new technology research and testing [2]. - China Automotive Research has a long history and is one of the earliest institutions to obtain regulatory testing qualifications, accumulating extensive experience in testing services and product development [3]. Group 3: Service Capabilities and Market Strategy - The company is enhancing its service capabilities by focusing on three main technical lines: safety, green technology, and user experience, while increasing R&D investment [3]. - It has established a comprehensive service capability that includes development, testing, certification, evaluation, and after-sales services, effectively addressing pain points in product development for automotive enterprises [3]. Group 4: Environmental and Health Initiatives - The company has launched the China Automotive Health Index and services in the "dual carbon" field, focusing on carbon emission accounting and green low-carbon assessments [4]. - The company is actively involved in setting new emission standards and expanding its capabilities in environmental testing, despite a slight decline in the overall market for automotive emission testing due to the rise of electric vehicles [4]. Group 5: Infrastructure Development and Internationalization - The construction of the East China headquarters is nearing completion, with 90% of equipment procurement achieved, expected to be operational by the end of 2025 [5]. - The company is focusing on internationalization, aiming to provide comprehensive quality technical services to support Chinese automotive enterprises in their global operations [5][6]. Group 6: Hydrogen Energy Initiatives - The National Hydrogen Energy Power Quality Inspection and Testing Center commenced operations in January 2024, providing testing services across the hydrogen energy industry chain [6][7]. - The company is developing hydrogen-related detection equipment and core components, with plans to expand into various hydrogen energy applications, including hydrogen power generation and storage [7].