Core Viewpoint - The company asserts that a certain automotive brand has engaged in serious infringement by publishing misleading collision videos, which misrepresent the safety and performance of its products, thereby damaging the company's brand reputation and violating various laws [1][2]. Group 1: Infringement Facts - The automotive brand published a collision video on July 29, 2025, which constitutes serious infringement and misleads the public, damaging the company's brand and commercial reputation [1]. - The testing conditions used by the automotive brand differ significantly from real-world scenarios, failing to disclose critical vehicle and environmental factors, which could mislead consumers and create safety hazards [2]. Group 2: Technical Explanation of the Brand - The company emphasizes its commitment to user safety, highlighting its innovative safety features, including a unique dragon bone frame cabin and a four-layer energy absorption structure designed to maximize passenger safety [3]. - The company implements a dual active safety system, combining an Automatic Emergency Braking System (AEBS) and a cabin relocation technology to effectively reduce accident-related injuries [3]. Group 3: Industry and User Commitment - The company advocates for fair competition and a healthy industry ecosystem, opposing practices that undermine industry integrity through negative comparisons and misleading marketing [4]. - The company calls for industry peers to prioritize safety, adhere to traffic regulations, and focus on technological innovation and quality improvement to foster sustainable industry growth [5]. Group 4: Follow-up Accountability - The company is closely monitoring the situation and has established a special team to further investigate the incident, reserving the right to pursue legal action for any damages incurred [6].

Financial Performance - Total liabilities increased by 48.1% at the end of 2024 compared to the beginning of the year, while total assets only grew by 30.6%, resulting in a record high asset-liability ratio of 44.5% since the company went public [2][3] - The growth in total liabilities was primarily driven by current liabilities, particularly accounts payable, due to the expansion of electronic processing business [2] - The company plans to divest inefficient electronic processing operations in 2025 to return the asset-liability ratio to historical normal levels [2] Liquidity and Debt Management - The company maintains a strong liquidity position with cash and cash equivalents accounting for 32% of total assets, significantly higher than industry peers [2] - Key liquidity ratios include a current ratio of 1.4 and a cash ratio of 0.76, both exceeding safety thresholds [2] - Operating cash flow to net profit ratio stands at 1.45, indicating robust profitability quality [2] Artificial Intelligence Applications - The company has invested in artificial intelligence (AI) research since 2016, with AI technologies now widely integrated into its products [4] - The SafeGPT model, developed by the company, analyzes vehicle data, driver behavior, and environmental data to predict risks, receiving positive feedback from clients [4] Market Diversification and Risk Management - As of Q1 2025, revenue from the U.S. market accounted for less than 15% of total revenue, with significant growth in emerging markets such as South America, Asia-Pacific, and the Middle East [5] - The establishment of a manufacturing center in Vietnam in 2023 helps mitigate potential impacts from U.S.-China tariff issues [5] Product Development and Strategic Partnerships - The company has developed Automatic Emergency Braking System (AEBS) products for both original equipment and aftermarket applications, with successful sales in commercial vehicle sectors [6] - Currently, there are no strategic partnerships with Huawei in the field of intelligent driving, although the company focuses on enhancing safety and efficiency in commercial vehicle operations through its proprietary technologies [7]