APG(SZ:002284)2025-07-23 07:42Group 1: Company Overview - The company has technical reserves for EMB products, but they are not yet in mass production, with market launch dates dependent on client project plans [1] - The company has focused on corner module technology, providing comprehensive solutions that integrate hub motors, EMB, steering systems, active suspension, and chassis domain controllers, enabling independent control of vehicle systems and enhancing application scenarios [1] Group 2: Production Capacity and Financial Performance - The current production capacity utilization rate is high, with production levels determined by vehicle sales; the company plans to increase production lines based on market demand [2] - The improvement in gross margin is attributed to the growth in domestic vehicle sales and new international projects, along with ongoing optimization of product structure and cost reduction efforts, leading to steady performance growth [2] Group 3: Future Growth and Market Strategy - Future growth points include expanding market coverage, developing global procurement platforms for joint venture brands, and accelerating the promotion of automotive electronic systems and new products [2] - The company currently does not have a robotics business but is advancing research related to linear control braking and EMB products, which may involve ball screws and brushless motors [2]