嵘泰股份 20250811 摘要 荣泰股份 2022 年已关注奥多电子，董事长以个人名义投资 4,000 万元， 共同融资 1 亿元，旨在规避风险并观察其发展潜力。 奥多电子专注于汽车电动踏板、电动尾门等产品，凭借创新设计迅速占 领国内市场，成为赛力斯、理想等主机厂的重要供应商，预计 2025 年 销售额达 8 亿元。 收购奥多电子旨在扩展原有产品市场，整合资源实现技术和市场协同效 应，并借助其技术能力和国际客户认可度，进一步提升销售额和净利润。 奥多电子积极开拓国际市场，与奔驰、宝马等车企合作，预计 2026 年 开始量产，国外客户报价毛利率可达 35%，显著高于国内市场。 荣泰股份收购奥都电子预计可获得较好投资收益，2025 年奥都电子净 利润预计超 6,000 万元，2026 年销售额至少达 10 亿元，未来两年年 增长率不低于 30%。 荣泰股份计划通过现有渠道帮助奥都电子拓展欧洲和北美市场，并共享 汽车电机及机器人零部件研发成果，加速新产品开发，提高产品性能并 降低成本。 奥都电子电机研发底层能力来自博世退休专家团队，已开发出机器人和 机器狗用电机，并计划在 2026 年取消外包，实现自给自足，同时 ...

Core Viewpoint - The article discusses the increasing accessibility and adoption of advanced automotive technologies, particularly rear-wheel steering, which was once exclusive to high-end luxury and performance vehicles. Group 1: Technology Accessibility - Many high-end features that were once exclusive to luxury vehicles are now becoming standard in various models, including electric vehicles [1][2] - Technologies such as air suspension and advanced driving assistance systems have seen significant growth in recent years [2] Group 2: Rear-Wheel Steering - Rear-wheel steering, previously found in high-end models like Porsche 911 and Lamborghini Aventador, is now being standard in many domestic electric vehicles at lower price points [5][7] - Examples include models like the Tengshi N9 and Xiaopeng X9, which offer rear-wheel steering at prices around 400,000 and 300,000 respectively, with some models even exceeding 200,000 [8][10] Group 3: Benefits of Rear-Wheel Steering - Rear-wheel steering significantly enhances maneuverability, allowing larger vehicles to have a turning radius comparable to smaller cars, improving parking and navigation in tight spaces [10][13] - The technology also enables advanced features like crab walking, which relies on rear-wheel steering [14] Group 4: Market Penetration and Challenges - Despite its advantages, rear-wheel steering has a low global penetration rate of only 1.2%, indicating limited adoption compared to other technologies [17] - The complexity and cost of implementing rear-wheel steering systems, along with the need for additional space and maintenance considerations, hinder widespread adoption [53][67] Group 5: Historical Context and Evolution - The evolution of rear-wheel steering began in the late 19th century, with early attempts using simple mechanical systems, leading to its application in agricultural and military vehicles during the 20th century [18][22][24] - The transition to passenger vehicles occurred in the late 20th century, but early systems were passive and had reliability issues, prompting the development of more advanced active systems [29][32] Group 6: Future Prospects - Despite current challenges, domestic companies are investing in rear-wheel steering technology, which may lead to increased accessibility and innovation in the future [70][72] - The potential for domestic suppliers to disrupt the market and drive down costs is highlighted, suggesting a promising outlook for the technology's adoption [72][73]

Core Insights - The collaboration between Zhongshan Industrial Technology Research Institute and various universities has led to the establishment of a robust innovation ecosystem, resulting in the incubation of 223 technology companies and nearly 100 projects at the municipal level [2][4]. Group 1: Company Developments - Audo Technology, a company focused on automotive intelligent core components and vehicle networking, has grown its annual output value from 200 million yuan to an expected 800 million yuan this year [3]. - Precision Optical Technology Co., Ltd. has developed an intelligent optical fiber early warning system for safety monitoring in engineering projects, gaining market recognition [3]. - Guangdong Jingcui Biotechnology Co., Ltd. produces natural plant surfactants for various cleaning products, with an annual output of approximately 400 tons and over 200 clients [5]. - Guokai Ruino (Zhongshan) Biotechnology Co., Ltd. has developed water-soluble chitosan technology to address chronic wound issues, with an expected annual output value exceeding 80 million yuan [6]. - 聚云软件科技有限公司 has established a bridge collision warning monitoring center, addressing safety concerns in the shipping industry [7]. - Guangdong Zhengde Material Surface Technology Co., Ltd. has developed advanced nano-composite surface coating materials, achieving import substitution and securing 20 million yuan in angel round financing [8][9]. Group 2: Innovation and Support Mechanisms - The establishment of a market-oriented research institute platform has facilitated deep integration of industry, academia, and research, with over 200 scientists engaged in various projects [4]. - Continuous financial support from Zhongshan's technology bureau has been crucial for the growth of innovative enterprises, with policies updated to enhance the incubation system [6]. - The collaboration between scientists and entrepreneurs has proven effective in transforming scientific achievements into marketable products, thereby bridging the gap in technology commercialization [9].