证券代码：301600 证券简称：慧翰股份 慧翰微电子股份有限公司 截至目前，公司已陆续取得英国、阿联酋、沙特等多个 国家及地区的测试认证资质，成为国内少数实现认证体系全 面覆盖的企业，能够充分满足客户海外出口需求，为车企产 品进入全球主要市场提供有力支撑。 3、公司认为 eCall 这个产品的技术门槛在哪里？公司 eCall 产品是否有自己独特的优势呢？ 2025 年 11 月 21 日投资者关系活动记录表 编号：2025-025 投资者关系活 动类别 ☑ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ☑ 现场参观 □其他（电话会议） 参与单位 国泰海通证券、中信保诚基金。 时间 2025 年 11 月 21 日 16:00-17:00 地点 1#楼 5 层会议室（一） 上市公司接待 人员 冯静女士、潘敏涛先生 投资者关系活 动主要内容 1、国标AECS将于2027年7月1日实施，公司认为eCall 会复刻前几年 ETC 一样的需求爆发式增长吗？ AECS 是车载事故紧急呼叫系统，与 ETC 均是依托相关政 策法规催生的增量市场，在政策实施阶段，具有爆发式的需 求。 事实上 ...

Core Viewpoint - Hongquan Wulian (688288) reported significant growth in revenue and profit for the first half of 2025, indicating a strong recovery and improved profitability compared to the previous year [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 334 million yuan, a year-on-year increase of 37.21% [1]. - Net profit attributable to shareholders was 33.44 million yuan, up 283.57% year-on-year [1]. - The gross margin improved to 37.59%, an increase of 5.58% compared to the previous year [1]. - The net profit margin turned positive at 10.04%, a significant increase from a negative 7.81% in the previous year [1]. - Total expenses (selling, administrative, and financial) amounted to 35.43 million yuan, accounting for 10.6% of revenue, down 21.89% year-on-year [1]. Business Growth Drivers - The company experienced growth in its commercial vehicle segment, driven by an increase in heavy truck sales, which rose by 6.9% year-on-year [4]. - New projects in passenger vehicles and two-wheeled vehicles contributed to revenue growth, with several projects transitioning to production [4]. - The company’s eCall products have received EU certification, enhancing its capability to provide smart connectivity services to OEM customers [5]. Market Position and Collaborations - The company collaborates with major domestic manufacturers in the commercial vehicle sector, particularly in the heavy truck market [6]. - In the two-wheeler segment, the company has established partnerships with leading manufacturers and is focusing on product development to meet increasing demand for smart features [7]. Future Outlook - The company anticipates growth across all business segments, particularly in smart cockpits and controllers, driven by increased penetration of smart products in commercial vehicles and two-wheelers [8]. - The company plans to enhance its product offerings in the intelligent two-wheeler market, aiming to become a comprehensive supplier of smart products [8].

Group 1 - The core viewpoint of the news is that Hongquan Wulian's performance in the first half of the year has significantly improved due to the growth in heavy truck sales and rapid revenue growth from new business segments [1] - Hongquan Wulian's eCall product has obtained EU certification, applicable to M1 and N1 vehicles, indicating a strong product and customer base [1] - The company has a high market share in the heavy truck sector and has signed cooperation agreements with mainstream customers in the two-wheeler intelligentization trend, showing clear market demand [1] Group 2 - The company expects a significant improvement in performance this year, driven by the rapid growth of its intelligent cockpit and controller business [1] - The purpose of share repurchase has been changed to cancellation to enhance per-share value [1]