Core Viewpoint - Wanma Technology is transforming from a traditional cabinet manufacturer to a technology-driven company focusing on the Internet of Vehicles (IoV) and smart driving solutions, capitalizing on the growing demand for connected and autonomous vehicles [3][4][10]. Company Overview - Founded in 1997, Wanma Technology successfully listed on the Shenzhen Stock Exchange in 2017 [4]. - The company recognized the potential of the IoV market in 2020 and strategically acquired the intangible assets of the startup Guotong Technology through its subsidiary Youka Technology in 2021, marking its entry into the IoV sector [4][6]. Financial Performance - In Q1 2025, Wanma Technology reported a revenue of 150 million yuan, a 78% year-on-year increase, and a net profit of 5.01 million yuan, up 238% year-on-year, driven by rapid growth in its communication and IoV businesses [6]. Technological Advancements - The integration of innovative technologies has enhanced Wanma's capabilities, particularly in smart driving and data processing, with the IoV segment now accounting for 45.52% of the company's revenue [6]. - The company is developing a data closed-loop toolchain and a global vehicle connectivity solution, which are essential for the deployment of smart driving technologies [6][9]. Market Positioning - Wanma Technology positions itself as a key enabler in the field of embodied intelligence, focusing on providing high-reliability connectivity and data processing capabilities rather than manufacturing complete autonomous systems [7][9]. - The company aims to leverage its expertise in autonomous driving to expand into new markets such as unmanned delivery and aerial logistics [10][11]. Future Strategy - The company plans to replicate its successful connectivity solutions from the Robotaxi sector to other emerging markets, enhancing its growth potential [10]. - Wanma Technology is also looking to apply its extensive data management experience from autonomous driving to accelerate the smartification of industrial robots and various intelligent terminals [11]. Conclusion - Wanma Technology is evolving into a central player in the smart connectivity landscape, focusing on reliable data flow and precise command transmission as foundational elements for future technological advancements [13].