Group 1 - The automotive industry is undergoing significant transformation, with product life cycles shortening from the traditional 10 years to 3-5 years, leading to a reduction in vehicle development cycles from 38 months to 22-24 months [2] - Increased market competition necessitates rapid responses to market feedback, making an open, flexible, agile, efficient, and reliable automotive R&D design system crucial for sustainable high-quality development in the industry [2] - The company is integrating AI technology throughout the automotive R&D process, launching an "automotive R&D digital intelligence system" to enhance development efficiency [2] Group 2 - The company is actively building an open collaborative ecosystem through strategic partnerships with leading semiconductor and AI firms, including NVIDIA, and academic institutions like Tsinghua University [3] - As of June 2024, the company became NVIDIA's sole solution consultant partner in the global automotive design sector, collaborating on software, hardware, and simulation platforms to drive innovation in automotive design technology [3] - The company's AI-powered automotive styling product "TAI" was officially launched in March 2025, featuring multiple functionalities such as text-to-image, line drawing rendering, multi-angle generation, background re-drawing, and 2D to 3D conversion, and is currently being promoted commercially [3]

Core Viewpoint - The company, Altr, has signed a technology development contract with a globally recognized client (referred to as "Client Z") for the research and development of a new energy vehicle project, with a contract value of approximately 214 million yuan excluding tax [1] Group 1: Contract and Financial Impact - The contract with Client Z is expected to positively impact the company's operating performance for the current year, with specific amounts to be confirmed by the annual audit [1] - In 2024, a similar transaction with Client Z is projected to amount to 9.751 million yuan, accounting for 1.2% of the company's revenue from new energy vehicle design [1] Group 2: Business Overview - Altr is the only independent automotive design company in A-shares, specializing in full-process R&D of vehicles and platforms, as well as core component development [2] - The company has developed nearly 500 vehicle models for over 80 domestic and international clients, including notable brands such as Li Auto and Hongqi [2] Group 3: International Expansion - Altr has shifted its focus towards overseas markets, achieving 111 million yuan in foreign revenue in 2024, a year-on-year increase of 188.89%, representing 11.4% of total revenue [2] - The company's overseas strategy began in Japan and has expanded to Southeast Asia, the Middle East, Europe, and the Americas, with branches established in multiple global markets [2] Group 4: Recent Orders and Innovations - Altr has recently secured several overseas orders, including a contract worth 470 million yuan with AIM Corporation for vehicle production and a contract worth 6.8 billion yen for EV conversion kits from DOSHIN Holdings [3] - The company is implementing an AI-enabled automotive R&D design strategy, with innovative applications such as intelligent rendering systems and AI-assisted project management tools [3]