Xingmin ITS(SZ:002355)2022-12-06 08:24Group 1: Revenue Composition - The current revenue composition of INTEST shows that T-BOX accounts for approximately 70%, while inCOM and other software contribute about 30% [1][2] - The proportion of T-BOX is expected to increase in the long term as it enters a popularization phase [1][2] Group 2: Development Plans - INTEST plans to establish a group-level data center to provide vehicle networking services via a SaaS model, which will alleviate short-term investment pressures for vehicle manufacturers [2] - This model will also enhance efficiency in customizing services for vehicle companies and provide long-term benefits for INTEST [2] Group 3: Internal Collaboration - The subsidiaries within the group are positioned as complementary service providers in the vehicle networking industry, aiming for synergy in technology, talent, products, and market [2][3] Group 4: T-BOX Technology Requirements - T-BOX technology for new energy vehicles has higher technical requirements compared to traditional vehicles, including greater data transmission rates and control capabilities [3] - INTEST is prepared to enter the traditional vehicle sector, having already engaged in business discussions with some traditional vehicle clients [3] Group 5: T-BOX vs. OBD BOX - T-BOX is an OEM product installed by manufacturers, capable of accessing comprehensive vehicle data and participating in internal control, while OBD BOX is an aftermarket product with limited data access [3] Group 6: Value of Vehicle Networking Systems - The value of vehicle networking systems includes compliance with regulations, internal applications for data accumulation, fault diagnosis, and enhanced after-sales service efficiency [4] - INTEST is the only company in China providing a complete solution for remote upgrades of new energy vehicles, which has been successfully commercialized [4] Group 7: Market Direction - INTEST aims to serve whole vehicle manufacturers, battery manufacturers, and municipal government platforms, focusing on T-BOX, inCOM, and DataVIEW big data analysis software [4]