Core Viewpoint - The company is focusing on its core businesses in aerospace applications, automotive electronics, and the Internet of Things (IoT), while optimizing its asset structure through the divestiture of AC Company to enhance resource utilization [1][4][6] Group 1: Aerospace Applications - The aerospace application segment includes inertial navigation accelerometers, precision manufacturing, testing and control equipment, and specialized power supplies, with a leading position in domestic aerospace applications [1] - The company's quartz flexible accelerometers have been successfully used in key national projects such as Shenzhou spacecraft and Tianzhou cargo spacecraft, solidifying its dominance in manned spaceflight engineering [1][3] Group 2: Automotive Electronics - The automotive electronics business is divided into domestic and international segments, focusing on commercial vehicles domestically and cabin sensors for safety, comfort, and autonomous driving internationally [2] - The company has developed a range of automotive electronic products, including vehicle instrumentation, remote information processors, and driving recorders, leveraging years of R&D experience [2] Group 3: Internet of Things (IoT) - The company has established the AIRIOT IoT platform, which is a low-code platform providing comprehensive IoT software solutions across various industries, including oil and gas, smart cities, and energy management [2] - The IoT platform aims to offer cost-effective and efficient services to clients and integrators, with successful applications in multiple industrial scenarios [2] Group 4: Strategic Divestiture - The company plans to publicly transfer 100% of AC Company’s shares, along with a minor stake in TIS factory, to optimize its asset structure and focus on core business areas [4][5] - The divestiture is part of the company's strategic planning to enhance high-quality development and improve resource utilization [4][6] Group 5: Future Outlook - The company aims to leverage its resources to capture market opportunities in aerospace applications, automotive electronics, and IoT, while maintaining stable operations in other business segments post-divestiture [6] - The revenue from the divested AC Company will no longer be included in the consolidated financial statements, which may lead to a decrease in overall revenue compared to the previous year [6]

Group 1: Business Segments - The company primarily engages in three business segments: aerospace applications, automotive electronics, and the Internet of Things (IoT) [2][3] - Aerospace application products focus on inertial navigation accelerometers, precision manufacturing, testing and control equipment, and specialized power supplies [2][3] - The automotive electronics segment is divided into domestic and international markets, with domestic operations mainly targeting commercial vehicles [3][4] Group 2: Technological Advancements - The company’s inertial devices, such as accelerometers, are at the forefront of domestic technology and have been widely adopted in the aerospace sector [2][3] - The self-developed quartz flexible accelerometer is recognized for its high precision, reliability, compact size, and lightweight design, making it a preferred choice in various applications [2][3] - The AIRIOT IoT platform is a low-code solution that provides comprehensive IoT software services, currently applied in sectors like oil and gas, smart cities, and energy management [3][4] Group 3: Strategic Decisions - The sale of AC Company is part of the company's strategic plan to focus on core business areas and enhance resource utilization [3][4] - Post-sale, AC Company’s revenue and profits will no longer be included in the consolidated financial statements, allowing other business segments to continue stable operations [3][4] - The company anticipates a decline in overall revenue due to the sale of AC Company, but expects stable performance in other business areas [4] Group 4: Clientele and Market Position - Major clients in the aerospace application sector include the Third Academy of Aerospace Technology and other industries such as shipping and military [4] - In the automotive electronics sector, clients include global manufacturers like Hyundai, Volkswagen, Daimler, and domestic companies such as SAIC and Geely [4] - The company does not directly engage in commercial aerospace but has related business through client partnerships, which currently contribute a small percentage to overall revenue [4]

Group 1: Business Overview - The company focuses on three main business sectors: aerospace applications, automotive electronics, and the Internet of Things (IoT) [2][3] - Aerospace application products include accelerometers, precision manufacturing, aerospace auxiliary materials, and testing and control equipment [2][3] - The automotive electronics segment primarily offers in-vehicle cabin sensors and automotive instruments [2][3] Group 2: Recent Transactions and Strategic Focus - The sale of AC Company, which generated revenue of 3.179 billion yuan (approximately 46.1% of total revenue), is part of the company's strategy to concentrate on its core business areas [3][4] - The divestiture aims to optimize the company's capital structure and enhance resource utilization, thereby improving core competitiveness [3][4][5] - Post-sale, the company assures that other business segments will continue stable operations without adverse impacts from the divestiture [4][5] Group 3: Future Development and Market Position - The company plans to enhance its capabilities in aerospace applications, focusing on technology and process improvements [4][5] - In 2024, the aerospace application business is expected to account for approximately 11% of total revenue [4] - The company is actively exploring new productivity areas, including artificial intelligence and robotics, to strengthen its market position [4][5] Group 4: Investor Relations and Communication - The company acknowledges the need for improved communication with the capital market to enhance its visibility and market value [5][6] - Suggestions for a name change to better reflect the company's core business and avoid confusion with other entities have been noted [6]