Summary of Audiwei's Conference Call Company Overview - Audiwei plans to issue H shares and list in Hong Kong to accelerate overseas market expansion and broaden foreign financing channels [2][5] - The company actively participates in industry standard formulation and collaborates with South China University of Technology to establish an innovation laboratory, enhancing industry-academia integration [2][5] Core Business and Innovations - Audiwei has launched innovative products including a ultrasonic distance measurement obstacle avoidance solution for lawn mowers, a new type of household appliance tapping switch, a wireless micro household jet fan, and a lead-free tactile feedback actuator [2][6] - The company focuses on the automotive sector, with core technologies such as tactile solid-state buttons for smart steering wheels and multi-modal wave multiplexing vehicle ultrasonic sensors, which have completed mass production verification [2][10] - In the smart meter sector, the penetration rate of ultrasonic smart water and gas meters has increased, contributing to high gross margins and profitability [2][12] Growth Areas - Rapid growth in the robotics and home applications sector, particularly in vacuum cleaning robots, underwater robots, and service robots, positioning Audiwei as an industry leader [2][13] - The company provides technologies for obstacle avoidance, material recognition, and liquid level monitoring, and accelerates the application of electronic skin technology [2][13] - In the consumer electronics sector, Audiwei is developing multi-layer tactile and feedback micro actuators expected to replace linear motors, with production anticipated in 2026 at a capacity of approximately 300 million units [2][14] Financial Performance and Future Outlook - Audiwei's business spans five segments: automotive, industrial control, home, consumer electronics, and robotics, with steady profit growth projected at over 15% from 2020 to 2024 [2][15] - Short-term benefits are expected from the increase in smart driving penetration and average selling price (ASP) improvements, while long-term growth will be driven by breakthroughs in lead-free piezoelectric new material technology [2][15] Market Position and Strategy - The company has established a strong foundation in the ultrasonic sensor field, which is crucial for its development in the smart automotive sector [2][11] - Audiwei's dual-driven strategy in domestic and international markets is yielding significant results, particularly in the smart instrument sector [2][12] Additional Insights - Audiwei's recent announcement regarding H share issuance and listing is a strategic move to enhance its market presence and financial capabilities [2][5] - The company is recognized in the 2024 Guangzhou Artificial Intelligence Innovation Development List, indicating its commitment to innovation and industry leadership [2][5]