Group 1: Company Overview - The company has been focusing on corner module technology, providing comprehensive solutions that integrate hub motors, electronic mechanical brakes (EMB), steering systems, active suspension, and chassis domain controllers, enabling independent control of vehicle systems and enhancing application scenarios for personalized travel needs [2] - The EMB products are currently in the technology reserve stage and have not yet been mass-produced, with market launch dates dependent on customer project plans [3] Group 2: Performance and Growth - The company's performance growth in the previous year and the first quarter of this year is attributed to the increase in domestic automobile sales and the launch of new international projects, leading to scale effects and improved manufacturing capabilities [3] - The gross profit margin has improved year-on-year, contributing to steady performance growth [3] Group 3: Production Capacity and Market Strategy - The current capacity utilization rate is high, and production levels are determined by vehicle sales; the company plans to expand production lines based on market demand [3] - The company has secured numerous automotive electronics projects, with domestic suppliers being favored for their cost-effectiveness, service quality, and responsiveness compared to foreign brands [3] Group 4: Challenges and Responses - The company faces annual price reduction requests from vehicle manufacturers and plans to optimize product structure and enhance internal management to address pricing pressures [3] - The Moroccan production base project is progressing smoothly [3]