Streamax(SZ:002970)2026-01-11 07:36Group 1: Company Overview and Strategic Outlook - The company will continue its long-term global strategy in 2026, focusing on consolidating existing markets while actively expanding into emerging markets [2] - The gradual production of the second phase of the Vietnam factory, initiated in 2025, will enhance overseas supply chain capabilities and support business expansion [2] - The company plans to increase R&D investment to maintain global competitiveness in core solutions and advance research in commercial vehicle autonomous driving [2] Group 2: Autonomous Driving Business Development - The company aims to provide AI solutions for commercial vehicles, focusing on enhancing safety and efficiency, with a pathway from assisted driving to advanced intelligent driving [3] - Existing AI-assisted driving products, such as AEBS, ADAS, and BSD, lay a solid technical foundation for future autonomous driving initiatives [3] - The company will promote the Robobus solution in global markets, targeting applications in public transport, scenic area shuttles, and airport transfers [3] Group 3: Competitive Advantages in Autonomous Driving - The company's competitive edge in the autonomous driving sector stems from over 20 years of industry experience, creating multi-layered commercial and technical barriers [4] - The business covers over 100 countries and regions, with a broad customer base and strong brand recognition in various scenarios, including freight and public transport [4] - The company has developed over 80 mature AI algorithms and established a data closed-loop through a "cloud-edge-end" system [4] Group 4: Financial Management and Risk Mitigation - The company's overseas business has a high sales proportion in USD, and it actively manages foreign exchange risks through timely hedging strategies [5] - The rising prices of storage chips are not expected to significantly impact the company's gross margin due to the low proportion of storage components in overall material costs [6]