Group 1: eCall Business Overview - The company has been early in the eCall product field, accumulating rich experience in certification and project management since 2013 [2] - In 2019, the company obtained the first EU eCall certification in China and was among the first globally to receive the UN-R144 standard certification [2] - As of January 6, 2025, the company received the next-generation NG eCall certification, becoming one of the first globally certified for this standard [2][5] - The company has expanded its certification scope to include countries like the UK, UAE, and Saudi Arabia, making it one of the few domestic companies with comprehensive certifications [2] Group 2: Involvement in National Standards - The company is one of the drafting units for the national standard AECS and has participated in the preparation of standard texts and technical specifications [3] - Recent tests conducted by the China Automotive Technology Research Center on the company's products have been successful, laying a solid foundation for the future application of the AECS system in vehicles [3] Group 3: R&D and Innovation - The company emphasizes forward-looking R&D, closely following industry trends and customer needs, leading to a steady increase in R&D expenses [3] - The R&D system is built on a "platform and modular" concept, allowing for rapid market introduction of new features and products tailored to customer demands [3] Group 4: Market Response and Competitive Advantage - The national standard AECS has been released, with mandatory implementation set for July 1, 2027, although certification and implementation will take time [4] - The company holds a first-mover advantage in the eCall sector, having passed the EU e-Call standard certification in March 2019 and continuously updating its products and technologies [5] Group 5: Production Capacity and Future Planning - The company has a flexible production line and an intelligent manufacturing system to meet the production needs of automotive-grade products [6] - The company collaborates with external manufacturers for non-core components, ensuring quality and compliance with production standards [6] Group 6: Digital Energy Management Solutions - The company's digital energy management solutions have been in development for several years and entered a new phase in the first half of this year [7] - These solutions support battery lifecycle management and digital operations for battery rental and charging stations, positioning the company for growth in high-value energy trading areas [7]

Group 1 - The core viewpoint of the company emphasizes the importance of maintaining product quality and life safety standards amidst intense competition in the industry [2] - The company acknowledges that while competition brings pressure, it also indicates significant market potential and development opportunities within the industry [2] - The company has successfully implemented its digital energy management solutions at scale, demonstrating commercial viability and penetrating various sectors such as logistics, engineering machinery, energy storage, and electric shipping [2] Group 2 - The energy sector presents vast market opportunities, driven by the rapid development of new energy vehicles and the increasing demand for efficient energy replenishment technologies like battery swapping and ultra-fast charging [3] - The industry consensus suggests that battery swapping stations will require backup batteries equivalent to 1.2 to 1.5 times the number of vehicles [3] - The demand for digital management in energy storage, ultra-fast charging, and related services is expected to exceed the number of vehicles, leading to increased hardware and platform requirements for the company [3]

Group 1 - The company, Huian Microelectronics, is one of the first globally to obtain the EU NG-eCall certification, which enhances traditional eCall with improved technical standards, data transmission capabilities, and network compatibility, upgrading from 2G/3G to 4G/5G and IMS technology [3] - The national standard AECS, while also compatible with 4G/5G, integrates the Beidou satellite navigation system, leading to differences in data transmission and voice channels [3] - The AECS standard is expected to create a market increment worth billions, although competition may lead to a decrease in terminal prices, there is a price floor due to safety concerns [3] Group 2 - The company's digital energy management solutions have been successfully implemented and have proven commercially viable, penetrating the supply chains of leading energy companies and expanding into multiple scenarios [3] - The energy sector presents significant market opportunities, driven by the demand for efficient charging in the electric vehicle market, which will further expand related markets [3] - The company acknowledges the competitive nature of the automotive industry and emphasizes the importance of maintaining product quality and safety standards while pursuing technological leadership and lean management [3] Group 3 - The company's product range includes both passenger and commercial vehicles, with a larger market size and higher technical barriers in the passenger vehicle sector, making it easier for the company to enter the commercial vehicle market [3] - The company is committed to technological innovation and has a stable and high-quality customer base, aiming for high-quality growth and continuous investment in research and development [3]

Group 1: NG-eCall Certification and AECS Standards - The company is among the first globally to obtain the EU NG-eCall certification, which upgrades traditional eCall standards to enhance data transmission capabilities and network compatibility, transitioning from 2G/3G to 4G/5G technology [2][3] - The national standard AECS also supports 4G/5G but integrates China's Beidou satellite navigation system, differing in data transmission and voice channel specifications [2][3] Group 2: Market Impact and Product Pricing - The implementation of AECS standards is expected to significantly reduce rescue times and lower traffic accident mortality rates, potentially creating a market increment worth billions [3][4] - While market competition may drive down AECS terminal prices, the company believes that safety-related products will maintain a price floor due to their critical nature [3][4] Group 3: Digital Energy Management Solutions - The company's digital energy management solutions have achieved large-scale implementation, validating their commercial viability and penetrating key energy enterprise supply chains [4][5] - The energy sector presents vast market opportunities, with the rapid growth of electric vehicles driving demand for efficient energy replenishment technologies [4][5] Group 4: Industry Competition and Strategic Response - The current competitive landscape in the automotive industry is intense, with price reductions impacting the supply chain [5][6] - The company emphasizes the importance of maintaining product quality and safety standards amidst competition, advocating for industry-wide adherence to these principles [5][6] Group 5: Future Development Outlook - The company is committed to technological innovation and product iteration, aiming to strengthen its core competencies across various operational aspects [6][7] - Future strategies include increasing R&D investments to prepare for the next growth cycle while maintaining a strong customer base [6][7]

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]