Group 1: Business Performance and Market Impact - The company's revenue from the U.S. market has decreased to less than 15% of total revenue in Q1 2025, indicating a diversification strategy away from reliance on the U.S. market [2] - The new U.S. tariff policy is not expected to significantly impact the company's revenue and profit due to the high technical content of products and strong customer relationships [2][3] - The company does not plan to reduce prices despite the new tariffs, as most U.S. clients view the cost increase as manageable [2] Group 2: Competitive Landscape - The new U.S. tariffs are likely to increase procurement costs for domestic industry users but will not alter the competitive landscape, as major competitors are also affected by the tariffs [3] - The industry requires substantial R&D investment and capabilities in embedded software, AI, and hardware design, making it difficult for U.S. companies to build complete industrial capabilities solely for the U.S. market [3] Group 3: Global Production Capacity - The company's production capacity in Vietnam is part of a global strategy, allowing for flexible adjustments based on business needs [4] - The Vietnam factory has successfully implemented automated production, enhancing the company's ability to operate overseas and supporting future balanced capacity layout [4] Group 4: Cost Structure and Supply Chain - The company’s procurement does not rely on U.S. suppliers, meaning that new tariffs on U.S. imports will not significantly increase product costs [5] Group 5: Overseas Business Strategy - The company has a team of over 160 people for overseas operations, with approximately 35% being local foreign employees, reflecting a balanced regional distribution [6] - The overseas marketing team structure has been upgraded to focus on emerging markets in South America, Asia-Pacific, the Middle East, and Africa, which have shown growth rates exceeding the overall company growth [6] Group 6: Growth Drivers - The application of AI technology in the commercial vehicle sector is creating significant global opportunities, with rapid growth in AI video hardware penetration across various regions [7] - The company’s established marketing team and core technology from years of investment are helping to increase market share [7] Group 7: Front-end Business Development - The company is strategically focused on the commercial vehicle front-end business, leveraging its visual AI technology to enter the market with high-value products [8] - In 2024, the company’s European standard front-end products were successfully launched in the domestic market and are now being sold in Europe [8]