AHTHGC(SZ:000901)2025-06-10 10:38Group 1: Company Overview - The company primarily engages in three business segments: aerospace applications, automotive electronics, and the Internet of Things (IoT) [1] - Aerospace application products focus on inertial navigation accelerometers, precision manufacturing, testing and control equipment, and specialized power supplies [1] - The company’s accelerometers are recognized for their high precision, reliability, compact size, and lightweight, making them widely used in aerospace, aviation, and military applications [3] Group 2: Aerospace Business Insights - The aerospace application business has a significant customer base, including the Aerospace Third Academy, which constitutes a high proportion of the business [3] - Current orders in the aerospace application sector are relatively full, influenced by military procurement cycles and national aerospace strategies [4] - The company has received multiple provincial-level scientific progress awards and holds numerous patents in the aerospace sector [3] Group 3: Automotive Electronics - The automotive electronics segment is divided into domestic and international markets, with domestic business primarily focused on commercial vehicles [1] - Key products include seatbelt reminder devices, occupant classification systems, life-sensing sensors, and automatic driving sensors [6] - Major clients in the automotive electronics sector include global manufacturers such as Hyundai, Kia, Volkswagen, Daimler, BMW, and domestic companies like SAIC and Geely [8] Group 4: IoT and Software Solutions - The company has developed a low-code IoT platform, AIRIOT, which provides comprehensive software solutions for various industries, including oil and gas, smart cities, and utilities [2] - The IoT platform has been successfully applied in multiple sectors, demonstrating effective integration and management capabilities [2] Group 5: Strategic Decisions and Future Outlook - The sale of AC Company was a strategic move to focus on core business areas and improve resource utilization [7] - Following the sale, the revenue and profit from AC Company will no longer be included in the consolidated financial statements, which may lead to a decrease in overall revenue compared to the previous year [8] - The company aims to maintain stable operations across its other business segments despite the divestiture [8]