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Every AI Express, on March 13, Aijian Securities released a research report giving Oat Technology (688312.SH) a "buy" rating. The main reasons for the rating include: 1) Under the trend of terminal structure upgrading and high-endization, the usage of single-machine FPC continues to increase, which is expected to partially offset the fluctuations in consumer electronics shipments; 2) There are significant differences in the structure, function, and test point layout of FPCs, and test equipment needs to be customized for different DUTs; at the same time, the "fruit chain" supply system has a high degree of binding, and product iterations are expected to continue to drive equipment demand; 3) Under the electrification and intelligence of automobiles, the usage of single-car FPC is about 100 pieces, with new energy vehicles BMS system usage exceeding 70 pieces. With the increase in penetration rate of new energy vehicles, the demand for vehicle-mounted FPC continues to expand, driving demand for related testing equipment. (Daily Economic News)