Core Viewpoint - The company, Wantong Intelligent Control, reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in revenue and net profit, despite facing challenges in certain business segments due to the international economic environment [2][7]. Financial Performance - For the first nine months of 2025, the company achieved revenue of 897 million yuan, a year-on-year increase of 11.87%, and a net profit attributable to shareholders of 127 million yuan, up 50.05% [2][7]. - In the third quarter of 2025, the company recorded revenue of 302 million yuan, representing a year-on-year growth of 19.97%, and a net profit of 32.34 million yuan, which is a 33.65% increase compared to the same period last year [2][7]. - The company's gross profit margin stood at 34.18%, with a debt ratio of 17.72% [7]. Business Segments - The metal hose segment experienced a decline in both year-on-year and quarter-on-quarter performance due to negative impacts from the international economic environment [2]. - The sensor and digital information control system segments saw year-on-year growth, although the quarter-on-quarter growth rate slowed down [2]. - The tire valve business remained stable overall [2]. NLP Business Outlook - The company maintains an optimistic outlook for its NLP products, primarily driven by orders from commercial vehicle fleets in the U.S. [3]. - There are plans to explore the development of a fleet management system based on the new reasoning chip, which will enhance the capabilities of tire pressure monitoring systems [3]. Collaboration with DeepMind - The partnership with DeepMind is based on leveraging each other's strengths, with DeepMind focusing on chip design and development, while Wantong Intelligent Control will handle board manufacturing and sales [4][6]. - Wantong Intelligent Control has invested 30 million yuan in DeepMind, acquiring a 5.66% stake, to deepen the collaboration [6]. Future Development Plans - The chip development is nearing completion, with plans to begin sample development for main vehicle manufacturers by December 2025, aiming for mass production by mid-2026 [6]. - The company is also exploring a collaborative model involving Zhejiang University to create a closed industrial chain [6].

Core Insights - The company, Wantong Intelligent Control Technology Co., Ltd., reported a significant increase in net profit and revenue for the first three quarters of 2025, with net profit up 50% year-on-year and revenue growth of 11.87% [5][3]. Group 1: Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 897 million yuan, representing a year-on-year increase of 11.87% [5]. - The net profit attributable to shareholders reached 127 million yuan, marking a 50.05% increase compared to the previous year [5]. - In Q3 2025, the company reported a revenue of 302 million yuan, with a year-on-year growth of 19.97%, and a net profit of approximately 32.34 million yuan, up 33.65% year-on-year [5]. Group 2: Business Operations and Collaborations - The company is optimistic about the market demand for its NLP products, primarily purchased by American commercial vehicle fleets [6]. - Wantong is exploring the development of a fleet management system based on the Deep Ming Ao Si board, integrating AI inference chips for enhanced decision-making capabilities [6]. - The collaboration with Deep Ming Ao Si is progressing, with chip development nearing completion and plans to engage with robot clients for joint development by November 2025 [7]. - Wantong has invested 30 million yuan in Deep Ming Ao Si, acquiring a 5.66% stake, and aims to establish a tripartite cooperation model with Zhejiang University to create a closed industrial chain [7].