Wangtong Intelligent Control: the future goal is to expand the cloud sensor system to 100,000 stores.

Wanton Smart Control stated in the institutional research that the company's growth in 2024 and the first quarter of 2025 is mainly focused on the passenger car TPMS business. The company's revenue from passenger car TPMS sensors mainly comes from the aftermarket replacement market. The strong standard for TPMS in the European and American markets has been implemented for many years, and the market is relatively mature. The company has formed brand competitiveness with technical advantages. In the domestic market, new passenger cars equipped with TPMS at the factory have already implemented the strong standard and have entered the replacement cycle. However, aftermarket replacement has not yet implemented the strong standard, and there is a huge market space, but business increment needs a certain period of growth. The company has launched a cloud sensor system that can be used remotely, and physical stores can program data through a mobile app. The future goal is to expand the cloud sensor system to 100,000 stores.