Core Viewpoint - The company has officially entered the automotive testing sector through the acquisition of Guanbiao (Shanghai) Testing Technology Co., Ltd, enhancing its capabilities in various testing services for automobiles and their components [1] Group 1: Acquisition and Market Entry - The acquisition of Guanbiao Testing allows the company to provide comprehensive testing services in automotive materials, environmental reliability, electrical performance, and electromagnetic compatibility (EMC) [1] - The company has integrated resources and built capabilities to empower Guanbiao Testing, enabling it to obtain third-party testing qualifications from major automotive manufacturers such as Geely, Chery, Leap Motor, and JAC [1] Group 2: Client Base and Recognition - Currently, Guanbiao Testing has secured third-party testing qualifications from several automotive companies, including General Motors, Volkswagen, NIO, Li Auto, JAC, Geely, Leap Motor, and Chery [1] - The recognition from both traditional and new energy vehicle manufacturers expands Guanbiao Testing's credibility in the automotive industry [1] Group 3: Future Outlook - As of the first half of 2025, Guanbiao Testing is experiencing a favorable order situation and is actively exploring new fields and product lines to enhance the company's sustainable profitability and risk resistance [1]

Group 1: Company Operations and Acquisitions - The company has officially entered the automotive testing field through the acquisition of Guanbiao Testing, which provides comprehensive testing services for automobiles and components, enhancing its capabilities in various areas such as material, environmental reliability, electrical performance, and electromagnetic compatibility (EMC) [2] - Guanbiao Testing has obtained third-party testing qualifications from major automotive manufacturers including Geely, Chery, and NIO, expanding its recognition in both traditional and new energy vehicle sectors [2] - The company employs a three-dimensional acquisition strategy focusing on "regional penetration + track expansion + qualification enhancement" to achieve precise mergers and acquisitions, aiming to quickly gain regional qualifications and customer resources [2] Group 2: International Expansion - The company is advancing its global layout in phases, initially focusing on countries along the "Belt and Road" by establishing localized teams to provide tailored testing and certification services [2] - In the mid-term, the company plans to build R&D centers in mature technical standard markets such as Europe and the U.S. to absorb advanced experiences and promote mutual recognition of qualifications [2] - As of now, the company has established regional offices in countries like Vietnam, Thailand, and Indonesia, creating a grid service system that covers "Belt and Road" countries [2] Group 3: Building Safety and Research Initiatives - The company has extensive experience in building safety inspections and has established research collaborations with various institutions to study housing safety management and insurance systems [3] - It has received multiple honors, including being recognized as an excellent unit in construction quality testing in Jiangsu Province and a 3A-rated consulting enterprise [3] - The company has participated in nationwide safety inspections for self-built houses since 2022, covering a wide range of provinces and receiving recognition from local governments [3]