Xingmin ITS(SZ:002355)2022-12-03 09:20Group 1: Revenue Composition - T-BOX hardware currently accounts for approximately 80% of sales revenue, while inCOM software accounts for about 20% [2] - The proportion of software revenue is continuously increasing, driven by the growing importance of basic data platforms in the future development of the Internet of Vehicles [3] Group 2: Market Trends and Pricing - The price reduction of T-BOX is primarily due to product iteration and the shift towards lower-end vehicle models, resulting in a lower average selling price [4] - In the 5G era, the importance of T-BOX will increase, leading to potential price increases due to enhanced functionalities [4] Group 3: Production Capacity - In 2017, the production capacity of 英泰斯特 was 350,000 units, with plans to increase to approximately 450,000 to 500,000 units following the relocation to a new facility [5] - The long-term goal is to establish a total production capacity of 1,200,000 units [5] Group 4: Core Technology and Challenges - The core value of T-BOX lies in its circuit design, particularly RF circuit design and EMC-related circuit design, as well as embedded software that meets vehicle bus requirements [5] - T-BOX is designed to be integrated into vehicles, allowing for comprehensive data acquisition and control, unlike OBD BOX, which is a post-installation product with limited data access [6] Group 5: Data Monetization - Data monetization is reflected in three main areas: 1. For automotive companies: supports business development and product optimization [7] 2. For government: aids in macro decision-making, such as charging station placement and traffic policy formulation [7] 3. For vehicle owners: impacts insurance and used car valuations, particularly for electric vehicles [7]