根据披露的机构调研信息2025年7月7日，淳厚基金对上市公司万通智控进行了调研。 附调研内容：本次投资者关系活动的主要内容如下： 一、董事会秘书李滨向各位调研人员介绍公司历 史沿革、发展战略，以及主营业务等情况。 二、互动交流环节： 1、公司TPMS产品在摩托车市场的情 况如何？ 答：公司已是春风动力的摩托车TPMS和气门嘴供应商；公司已取得上海本田和五羊本田的定 点。 2、美国总统特朗普7日表示，将从8月1日起分别对来自日本、韩国等14个国家的进口产品征收 25%至40%不等的关税，请问此消息对公司是否有影响？ 答：公司关注到此次泰国将被加征36%的关 税，但仍有20多天的暂缓期，公司将持续跟踪政策动态，做出积极应对。公司目前已在德国、捷克、美 国，和泰国均设有工厂，已实现全球本地化生产和供应。因此，基于全球化的布局，公司能够较有效地 抵御贸易争端风险。 3、NLP产品的单车价值大概是多少？ 答：一辆重卡所安装的车队管理系统主要包 括NLP传感器（一般在16-22个/辆）、接收机和T-Box，因此单车价值一般在2,000-3,000元。 淳厚欣享A（基金代码：009931）是淳厚基金旗下的一只混合型基金，成 ...

Group 1 - Yongxi Investment recently conducted research on a listed company, specifically Wantong Zhikong, which achieved a revenue of 279 million yuan in Q1 2025, with the highest gross margin of 53.18% from sensors and digital information control devices [1] - The product structure of Wantong Zhikong is continuously optimized, with a growing proportion of revenue coming from high-margin products [1] - The growth of NLP sensors in the commercial vehicle sector is significantly driven by policies in Europe, the United States, and China, which have introduced relevant regulations [1] - Wantong Zhikong's NLP sensors possess technical advantages such as low power consumption, miniaturization, and lightweight design [1] - The company has established a market value management system, implementing share buybacks and a restricted stock incentive plan [1] - Currently, there are no specific plans for mergers and acquisitions, but the company will continue to monitor potential targets [1] Group 2 - Zhejiang Yongxi Investment Management Co., Ltd. was established in November 2015, with a registered and paid-in capital of 30 million yuan, and has been registered as a private investment fund manager [2] - The company focuses on providing specialized asset management and wealth management services, with decision-makers and advisory teams having over 20 years of experience in the securities and futures market [2] - Yongxi Investment currently manages a total asset scale of approximately 500 million yuan across six funds, including two securities investment funds and four equity investment funds [2]

Core Viewpoint - WanTong Intelligent Control (300643) has shown a positive trend in its profitability despite a slight decline in revenue, driven by high-margin product sales and strategic market positioning in the commercial vehicle sector [2][5]. Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 279 million yuan, with a notable performance in various product lines: sensors and digital information control devices generated 61.32 million yuan with a gross margin of 53.18%, metal hoses generated 167 million yuan with a gross margin of 28.36%, and tire valves and other products generated 49.18 million yuan with a gross margin of 22.81% [2]. - The company's main revenue for Q1 2025 was 268 million yuan, representing a year-on-year decline of 3.99%, while the net profit attributable to shareholders was 36.93 million yuan, an increase of 36.36% year-on-year [5]. - The company reported a net profit of 34.99 million yuan after deducting non-recurring items, reflecting a year-on-year increase of 42.96% [5]. Group 2: Market Position and Product Development - The growth of the company's NLP sensors in the commercial vehicle sector is significantly influenced by regulatory policies, such as the UN/ECE Regulation in Europe mandating TPMS for new heavy vehicles starting July 2024, and similar initiatives in the US and China [3]. - The company’s NLP sensors are characterized by low power consumption, miniaturization, and ease of installation, which have been patented and recognized by major fleets in Europe and the US, leading to bulk shipments [3]. Group 3: Corporate Governance and Strategic Initiatives - The company has implemented a market value management system aimed at enhancing investment value and maintaining shareholder rights, including a share buyback program that acquired 827,900 shares between February and May 2024 [4]. - Currently, there are no plans for mergers or acquisitions, but the company remains open to opportunities that align with its core business and strategic direction [5].