Group 1: Company Performance and Assessment - The company's assessment indicators primarily include functional positioning, economic benefits, technological innovation, and market value management. Economic benefits are mainly evaluated based on absolute figures, with specific targets for profit growth in the equity incentive plan, forming a dual constraint of "scale + growth" [1] - In 2024, the business from the China Automotive Technology and Research Center (CATARC) accounted for approximately 18% of the company's annual revenue [2] Group 2: Testing Capabilities and Business Model - The company has established a testing environment for L3/L4 level autonomous driving at its Yangtze River Delta (Yancheng) intelligent connected vehicle testing ground, supporting high-level autonomous driving R&D for automotive enterprises [3] - The business model involves signing framework contracts with clients, who then place testing orders based on their needs. The charging model includes fees based on testing time or mileage, and project-based fees for customized services [4][5] Group 3: Future Trends and Market Position - The second phase of the intelligent connected vehicle testing ground is currently in a ramp-up phase, having reached breakeven in the first half of the year, laying a solid foundation for future development [5] - The establishment of large-scale automotive testing grounds by automakers, such as SAIC-GM and BYD, will not significantly impact the company's business, as it maintains unique advantages in diverse testing facilities and strong service capabilities [6][7]
中汽股份(301215) - 301215中汽股份投资者关系管理信息20250903