Nanhua(SZ:300417)2023-11-08 09:14Group 1: New Energy Vehicle (NEV) Testing Requirements - NEV testing requires specific components such as "charging safety inspection equipment," "chassis dynamometer," and "OBD reading equipment" [1][2] - The new testing regulations will comprehensively cover the detection stages for NEVs [2] Group 2: Traditional Fuel Vehicle Testing Status - As of October 2022, the national vehicle ownership reached 417 million, with 319 million being cars, a 1.74 times increase compared to ten years ago [2] - By September 2023, vehicle ownership rose to 430 million, including 330 million cars and 1.821 million NEVs [2] - The inspection frequency for non-operating small passenger cars has been adjusted to two inspections within ten years, while operating passenger cars require annual inspections after five years [2] Group 3: Profit Margin Differences in Testing Equipment - NEV and fuel vehicle testing policies are currently the same, but NEVs do not require exhaust emission testing [3] - The technical requirements for NEV testing are higher, potentially increasing testing costs and possibly adjusting single testing fees in the future [3] Group 4: Current Market Landscape for Testing Equipment - The automotive testing equipment market is becoming increasingly mature with intense competition [3] - The company has 27 years of experience in the automotive testing industry, with sales coverage across all provinces and internationally [3] - The company has a cost advantage due to in-house manufacturing and R&D capabilities, allowing for high integration of products [3] Group 5: Production Status of NEV Products - The company is actively developing and preparing to produce equipment as per the new testing regulations [4] Group 6: Historical Performance and Future Outlook - The company experienced good performance in 2019 due to policy impacts, with high product profit margins [4] - Future predictions regarding NEV testing products are uncertain until the new inspection regulations are released, but the company remains confident in the NEV sector [4]