IAT(SZ:300825)2025-11-13 13:04Group 1: Company Overview - Altec Automotive Technology Co., Ltd. is the largest independent automotive design company in Asia and the only automotive design company listed on A-shares [2][3] - The company has over 20 years of experience in full-process vehicle and platform R&D, with 1,992 patents and 68 copyrights as of mid-2025 [3] - Altec has developed nearly 500 vehicle models for over 80 clients [3] Group 2: Core Business Areas - The company focuses on full-process vehicle R&D, core component R&D and manufacturing, and new energy vehicle systems [4] - Altec has established a product matrix covering automotive power systems, small batch production, high-voltage systems for new energy vehicles, and automotive electronics [4] - The company aims to expand its overseas business, targeting markets in Japan, Southeast Asia, and the Middle East [4] Group 3: Competitive Advantages - Altec's core competencies include leading technical strength, high-standard talent configuration, full-stack development capabilities, and significant industry recognition [7] - The company has a robust team of over 100 international automotive R&D experts [7] - Altec's strategic partnerships with Japanese clients enhance its market position and facilitate entry into European markets [7][8] Group 4: Financial Performance and Future Outlook - In the first half of 2025, Altec's overseas revenue was RMB 0.66 billion, accounting for 12.54% of total revenue [7] - The company is optimistic about increasing its overseas revenue share as it secures more international orders [7] - Altec plans to maintain its R&D investment to adapt to industry changes and enhance its service capabilities [9] Group 5: Industry Trends - The autonomous driving industry is experiencing rapid technological advancements driven by chip and algorithm iterations, with a focus on L0-L5 classification [5] - The market is seeing the commercialization of unmanned logistics vehicles and the demonstration operation of unmanned taxis [5] - Policy support is accelerating industry standardization through regulations and pilot programs [5]