APG(SZ:002284)2025-06-09 07:30Group 1: Company Overview - The company does not sell AEB products separately but achieves AEB functionality through line control braking products, which began mass production in 2024 with a low sales proportion [2] - The main production bases are located in Xiaoshan, Anhui Guangde, and Huzhou Anji, with additional bases in Liuzhou, Guangzhou, and Changchun, and a project in Morocco underway [2] Group 2: Financial Performance - The increase in gross margin is attributed to the growth in domestic automobile sales and new international market projects, leading to scale effects and continuous optimization of product structure [3] - The company maintains a high capacity utilization rate, with production levels dependent on vehicle sales [3] Group 3: Future Business Development - Future growth points include expanding market coverage and promoting new automotive electronic systems, aiming for more projects [3] - The company plans to leverage its market resources and brand influence to accelerate the expansion of electronic products in overseas markets, targeting global procurement platforms like General Motors and STELLANTIS [3]