南财智讯1月23日电，慧翰股份在投资者关系活动中表示，公司数字化能源管理解决方案依托'端、 云'一体化技术，赋予电池信息化能力并配套高性能云平台，实现电池全生命周期可追溯、可调控、可 优化；该方案已应用于车电分离管理、电池租赁共享、充储换电站数字化运营、V2G双向能源互动及能 源数字交易等换电生态核心场景，产品配置比例约为车辆数量的2.2–2.5倍；目前已深度切入汽车动力电 池、换电系统、电网储能系统等领域，并向电动船舶等新兴场景延伸，核心客户包括宁德时代、亿纬锂 能等头部电池厂商。 ...

| 作，率先构筑起技术先发优势。 | | --- | | 2019 年，公司 eCall 终端斩获国内首张欧盟 eCall 认 | | 证证书，同时成为全球首批通过联合国欧洲经济委员会 | | UN-R144 标准认证的企业；2025 年 1 月 6 日，公司再度率先 | | 取得欧盟新一代 NG-eCall 认证，跻身全球首批获此资质的 | | 企业行列。 | | 国内市场方面，公司深度参与行业标准体系构建，作为 | | 国标 AECS 的起草单位之一，工程师团队全程参与标准文本编 | | 制与技术规范制定工作。2025 年 9 月 30 日，公司车载紧急 | | 呼叫系统于中汽研汽车检验中心（天津）顺利通过国标 AECS | | 测试，成为全球首家通过该认证测试的企业。至此，公司车 | | 载终端已实现对全球所有紧急呼叫系统的全面兼容。 | | 公司是国内最早取得欧盟 eCall 认证及英国、阿联酋、 | | 沙特等多个国家和地区测试认证资质的企业，相关产品已实 | | 现大规模量产并远销海外；历经多轮技术迭代与市场验证， | | 公司不仅积累了丰富的项目落地经验，更形成了成熟的周边 | | 技术适配能力 ...

证券日报网讯1月22日，慧翰股份（301600）在互动平台回答投资者提问时表示，公司的数字化能源管 理解决方案已深度切入汽车动力电池、换电系统、电网储能系统等核心场景，并持续向电动船舶等新兴 领域延伸。 ...

Group 1: Certification and Standards - The company is among the first globally to obtain the EU NG-eCall certification, which is an upgraded version of the traditional eCall certification, enhancing data transmission capabilities and network compatibility [2] - As of September 30, 2025, the company's vehicle emergency call system became the first globally to pass the national standard AECS testing [3] - The national standard AECS is expected to achieve a 100% penetration rate as the automotive market transitions to comply with this standard [4] Group 2: International Market Expansion - The company is transitioning its strategy from "entering the market with vehicles" to "entering the vehicle market internationally," having obtained the German VDA6.3 certification in 2025, which recognizes its quality management and operational standards [5] - The company has successfully entered major international markets, including Europe and Japan, establishing partnerships with global automotive companies such as Volvo and Mazda [5] Group 3: Digital Energy Management Solutions - The company's digital energy management solution integrates "end and cloud" technology, enabling traceability and optimization of battery lifecycle management [6][7] - This solution supports various scenarios, including battery rental, digital operation of charging and swapping stations, and energy trading, enhancing the company's competitiveness in the energy sector [7] Group 4: Industry Response and Preparedness - Automotive companies are closely monitoring the implementation of the AECS, which mandates that all passenger vehicles sold in China must be equipped with compliant eCall systems by July 1, 2027 [7] - The company has prepared for AECS implementation by ensuring its eCall products are mass-produced and have undergone multiple technical iterations, maintaining stable partnerships with automotive manufacturers [7] - The company has also enhanced its production capacity through flexible production lines and a robust external supplier management system to meet market demands arising from AECS implementation [7]

Group 1: eCall Emergency Call System - The eCall system is composed of an in-vehicle terminal, mobile communication network, and PSAP call center, designed to enhance emergency response times and reduce fatalities in traffic accidents [2][3] - The system can be triggered automatically through sensors detecting severe collisions or manually via an in-vehicle button, ensuring reliable operation even in extreme conditions [4] - The company has established a competitive advantage by being an early player in the eCall market, obtaining the first EU eCall certification in 2019 and the new generation NG eCall certification in 2025 [5][6] Group 2: Technical and Market Position - The technical barriers for eCall systems include rigorous testing for reliability, functionality, and compliance with data protocols, ensuring safety in life-critical situations [4] - The company has actively participated in the development of industry standards and has become the first to pass the national standard AECS test, demonstrating its leadership in the market [5][6] Group 3: Research and Development Strategy - The company employs a "platform and modular" R&D system to enhance efficiency and reduce costs, allowing for flexible product configurations based on customer needs [7] - This approach enables rapid response to market changes and accelerates product development cycles, leading to improved R&D efficiency and cost optimization [7] Group 4: Future Development Plans - The company is in a strategic growth phase, focusing on deepening its core business while exploring new growth areas, including 5G TBOX products and digital energy management solutions [8][9] - Investments in commercial aerospace aim to leverage the company's manufacturing capabilities and operational standards, fostering innovation at the intersection of automotive and aerospace technologies [9]

Core Viewpoint - The company, Huihan Co., Ltd., is strategically investing in the commercial aerospace and satellite communication sectors by leveraging its expertise in intelligent connected vehicles and low-cost, high-reliability automotive components [1][3]. Group 1: Investment Strategy - Huihan Co., Ltd. has signed a partnership agreement with Huafu Capital Management to establish a private equity fund named Jiaxing Huahan Equity Investment Partnership, which will invest 100 million yuan in a commercial aerospace enterprise [1]. - The fund has a lifespan of five years, with one year designated for investment and four years for exit [1]. Group 2: Business Focus - The company specializes in providing intelligent connected solutions for smart vehicles and the industrial Internet of Things, focusing on the research, production, and sales of vehicle networking intelligent terminals and IoT smart modules [2]. - In the energy sector, Huihan Co., Ltd. has developed a digital energy management solution that enhances battery lifecycle management and aims to activate data and energy trading markets [2]. Group 3: Strategic Alignment - The investment in commercial aerospace aligns with national strategies for becoming a space power and advancing new infrastructure, laying the groundwork for the company's exploration of new fields [3]. - The investment will be funded by the company's own resources and is not expected to adversely affect its normal operations or financial status [3].

Group 1: Certification and Standards - The company is the first in China to obtain the EU's next-generation NG-eCall certification, which enhances the traditional eCall system by upgrading from 2G/3G to 4G/5G networks, improving data transmission rates significantly [1] - The national standard AECS integrates China's Beidou satellite navigation system and differs from the EU's NG-eCall in terms of data transmission and voice channels [1] - The implementation of the national standard AECS is expected to significantly reduce rescue times and lower traffic accident mortality rates, similar to the impact of seat belts and airbags [2] Group 2: Market Penetration and Impact - Prior to the national standard AECS, domestic eCall systems were defined by individual car manufacturers, lacking a unified standard; post-implementation, the penetration rate is projected to reach 100% [2] - The company has established a competitive advantage in the eCall sector by being an early mover, participating in the development of industry standards, and achieving multiple certifications [3][4] Group 3: Digital Energy Management Solutions - The company's digital energy management solution utilizes integrated "end and cloud" technology to enhance battery management and support various energy trading scenarios [6] - This solution is already applied in key areas such as automotive power batteries and energy storage systems, and is expanding into emerging fields like electric shipping [6] Group 4: Future Development Strategies - The company is in a strategic growth phase, focusing on deepening its core business while exploring new growth areas [7] - It aims to leverage its established technology and product base to support domestic and international vehicle manufacturers, thereby shortening their certification cycles [7][8] - The company is also expanding its digital energy management solutions and 5G-V2X applications to enhance product value and explore new market opportunities [8]

Group 1: Market Demand and Regulatory Impact - The implementation of the national standard AECS on July 1, 2027, will create a stable demand of nearly 30 million units annually for eCall systems in China, significantly larger than the demand for ETC systems, which are subject to policy encouragement [2][5]. - The eCall system is a regulatory requirement, while ETC has a more phase-based market demand, peaking in 2019 and now primarily focused on replacement of existing systems [2][5]. Group 2: Company’s eCall Business Strategy - The company has prioritized forward-looking R&D, actively tracking industry technology trends and global market competition, which is reflected in its early involvement in the eCall sector since the EU's initial research phase in 2013 [3][4]. - The company has achieved significant milestones, including being one of the first to obtain EU eCall certification in 2019 and the new generation NG eCall certification in 2025, establishing a strong technical advantage [3][4]. Group 3: Technical Challenges and Competitive Advantages - The technical barriers for eCall products include rigorous testing for reliability and functionality, as they are critical for life safety [4]. - The company’s eCall products incorporate advanced technical specifications that exceed industry standards, ensuring reliability and stability under extreme conditions, which contributes to its unique competitive advantage [4]. Group 4: Industry Response and Future Preparedness - Car manufacturers are closely monitoring the implementation of AECS, and the company has prepared by establishing stable partnerships and ensuring product compatibility with various vehicle models [5]. - The company has enhanced its production capacity through flexible production lines and a robust external collaboration system, allowing for rapid adjustment to market demands [5]. Group 5: Market Competition and Pricing Strategy - The anticipated surge in market demand post-AECS implementation may lead to increased competition, potentially driving down eCall product prices; however, the company emphasizes the importance of maintaining quality standards for life safety [5]. - The company believes that responsible suppliers will prioritize product quality over cost-cutting measures, ensuring that safety remains a fundamental design principle [5]. Group 6: Digital Energy Management Solutions - The company has initiated a digital energy management solution that integrates "end and cloud" technologies, enabling effective management of battery lifecycle and supporting high-value energy trading scenarios [6]. - This solution is being applied across various sectors, including automotive power batteries and energy storage systems, enhancing the company's competitiveness in the energy sector [6]. Group 7: R&D Cost Reduction Strategies - The company employs a "platform and modular" approach in its R&D system, allowing for flexible product configurations based on customer needs and significantly reducing development costs [6]. - This strategy not only accelerates product development cycles but also enhances the company's ability to respond to market changes and customer demands effectively [6].

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]

Group 1: Company Development and Market Position - The company started with ICT core technology, focusing on Bluetooth, WiFi, and GPS modules, establishing a strong position in the wireless communication sector despite limited market size initially [2] - In 2012, the company entered the vehicle communication field, launching the first generation of vehicle networking intelligent terminal product TBOX1.0, becoming a primary supplier for SAIC Group [2] - By 2014, the company achieved a breakthrough with the mass production of SAIC's first intelligent connected vehicle, breaking the monopoly of foreign manufacturers in the vehicle intelligent terminal market [2][3] - The company has established long-term partnerships with major domestic and international automotive manufacturers, including SAIC, BYD, and Volvo, creating a stable cooperation network [3] Group 2: eCall Emergency Call System - The eCall system consists of a vehicle-mounted eCall terminal, mobile communication network, and PSAP call center, enhancing the timeliness of traffic accident rescue and reducing casualty rates [4] - The system can automatically trigger emergency calls upon detecting a collision, ensuring functionality even after severe accidents [4][5] - The company recognized the importance of eCall technology early on, tracking legislative developments since the EU's initial research in 2012, and obtained the first domestic EU eCall certification in 2019 [5] - The implementation of the national standard AECS on July 1, 2027, is expected to create a market increase worth billions, as existing products will need to be replaced with compliant ones [6][8] Group 3: Production Capacity and Strategy - The company employs a flexible production line strategy, focusing on core component production and ensuring stable product performance [7] - A strict external cooperation mechanism is in place to manage non-core component processing, ensuring compliance with automotive-grade standards [7] - The company is expanding its production capacity and upgrading technology to meet the anticipated surge in demand following the AECS implementation [8] Group 4: Competitive Advantage - The company emphasizes the need for strong capabilities in R&D, production management, quality control, and supply chain management to stand out in a competitive market [9] - Future strategies include continuous technological innovation and product optimization to enhance competitiveness and solidify market position [9]