Group 1 - Mech-Mind Robotics has completed nearly 500 million yuan in a new round of financing, with funds aimed at accelerating the evolution of its embodied intelligence technology and expanding product lines and applications [3] - New松 Robotics reported a revenue of 1.66 billion yuan in the first half of the year, with a focus on innovation and increasing investment in cutting-edge technologies [6] - The Robot Research Institute has become a new landmark for the integration of technology and dining, attracting an average of 300 to 400 visitors daily since its opening [9] Group 2 - Junsheng Electronics has signed a comprehensive cooperation agreement with Alibaba Cloud to develop advanced robotic intelligence in industrial and medical scenarios [12] - Hongsoft Technology is actively laying out its presence in the embodied intelligence robotics field, collaborating with well-known robotics companies to enhance its visual AI algorithms [15]

? 会议召开方式：上证路演中心网络文字互动 ? 网 络 文 字 互 动平 台 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （https://roadshow.sseinfo.com/） 证券代码：688088 证券简称：虹软科技 公告编号：临 2025-034 虹软科技股份有限公司 关于参加 2025 年半年度科创板人工智能行业 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 会议召开时间：2025 年 9 月 9 日（星期二）15:00-17:00 ? 投资者可于 2025 年 9 月 2 日（星期二）至 2025 年 9 月 8 日（星期一） invest@arcsoft.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 虹软科技股份有限公司（以下简称公司）已于 2025 年 8 月 19 日发布公司 《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年 度经营成果、财务状况、发展理念，公司参与了由上海证券交易所主办 ...

会议召开方式：上证路演中心网络文字互动 网 络 文 字 互 动 平 台 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （https://roadshow.sseinfo.com/） 投资者可于 2025 年 9 月 2 日（星期二）至 2025 年 9 月 8 日（星期一） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 invest@arcsoft.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 虹软科技股份有限公司（以下简称公司）已于 2025 年 8 月 19 日发布公司 《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年 度经营成果、财务状况、发展理念，公司参与了由上海证券交易所主办的 2025 年半年度科创板人工智能行业集体业绩说明会，就投资者关心的问题进行交流。 证券代码：688088 证券简称：虹软科技 公告编号：临 2025-034 虹软科技股份有限公司 关于参加 2025 年半年度科创板人工智能行业 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏 ...

Core Viewpoint - The company has shown significant growth in revenue and net profit for the first half of 2025, alongside strategic advancements in its core business areas, particularly in smartphone technology and AI applications. Financial Performance - For the first half of 2025, the company reported a revenue of 410 million yuan, representing a year-on-year increase of 7.73% [2] - The net profit attributable to shareholders was 88.54 million yuan, up 44.06% year-on-year [2] - The net profit after deducting non-recurring gains and losses was 72.01 million yuan, reflecting a year-on-year increase of 33.86% [2] Dividend Distribution - The company plans to distribute a cash dividend of 2.20 yuan per 10 shares, totaling approximately 88.16 million yuan, which accounts for 99.58% of the net profit attributable to shareholders for the first half of 2025 [3][4] R&D Investment - As of June 30, 2025, the company employed 596 R&D personnel, making up 62.15% of its total workforce [5] - R&D expenses for the first half of 2025 amounted to 199 million yuan, representing 48.39% of revenue, with a year-on-year growth of 2.36% [5] Business Development Smartphone Business - The company has made continuous improvements in its smart ultra-domain integration technology, enhancing product penetration across various smartphone models [6] - Significant optimizations have been achieved in video solutions, particularly in extreme lighting conditions and long-duration recording scenarios [6] - The company has focused on high-magnification zoom scenarios, utilizing generative super-resolution technology to enhance image clarity and processing efficiency [6] Automotive Business - The company has made strides in driver and passenger safety assistance technologies, achieving multiple rounds of technical iterations and performance enhancements [7] - The DMS product has passed EU ADDW certification, meeting mass production conditions for the European market [7] - The company is advancing its "out-of-cabin" business, focusing on intelligent parking assistance and intelligent driving systems, with successful POC technology validations [8] AI Glasses - The company is pursuing a dual strategy of "technology deepening + ecosystem co-construction" in the AI glasses sector, focusing on product capability enhancement and ecosystem resource expansion [10] - Collaborations with leading chip manufacturers like Qualcomm are underway to optimize algorithms and performance for AI glasses [10] - The company has signed contracts with 5-6 AI glasses brands, with expectations for significant future growth in this area [17] Market Strategy - The company is enhancing its adaptability to overseas markets by aligning its products with European regulatory standards and expanding its technical capabilities [9] - The focus is on deepening partnerships and localizing operations to broaden market penetration [9] Future Outlook - The company anticipates continued growth in its smartphone business, driven by upgrades in smart chips and hardware, as well as expanding market penetration across various smartphone segments [24] - The strategy includes developing killer applications related to imaging and vision, leveraging AI to reduce hardware costs and enhance value for customers [25][26]

虹软科技（688088.SH）2025 年半年报点评 汽车业务量产驱动增长，AI 眼镜+商拍未来可期 2025 年 08 月 26 日 ➢ 事件：近日，虹软科技发布 2025 年半年度报告。2025 年上半年，公司实 现营业收入 4.10 亿元，同比增长 7.73%，归母净利润 0.89 亿元，同比增长 44.06%；其中 Q2 实现营收 2.01 亿元，同比增长 2.08%，归母净利润 0.39 亿 元，同比增长 42.42%。 ➢ 风险提示：生成式 AI 商业化落地有不确定性，行业竞争加剧。 [盈利预测与财务指标 Table_Forcast] ➢ 移动智能终端：Turbo Fusion 稳定续航能力增强，AI 眼镜头部地位巩固。 2025 年上半年，公司移动智能终端视觉解决方案实现收入 3.39 亿元，同比增长 2.23%。智能手机领域，公司针对不同算力芯片平台持续下沉 Turbo Fusion 技 术和扩大产品支持范围，进一步提升了影像处理效率并降低系统负载与功耗，确 保不同平台机型高频使用影像功能时的稳定续航，在夜景、逆光、长焦等场景上 显著改善了画质。AI 眼镜领域，公司重点围绕产品能力提升、生态资 ...

Core Viewpoint - The company,虹软科技, is a global leader in visual artificial intelligence, focusing on computer vision technology and providing algorithm licensing and system solutions [1] Group 1: Company Overview - The company specializes in computer vision and has developed versatile and extendable visual AI algorithms [1] - It has accumulated extensive experience in foundational algorithms and application technologies for visual perception, suitable for various robotics applications [1] - The company is actively investing in embodied intelligent robotics technology and has developed core visual perception and fusion IPs [1] Group 2: Technological Capabilities - The company has a rich portfolio of algorithms, including face, animal, and scene recognition, gesture recognition, 3D reconstruction, and SLAM [1] - It has a long history of focusing on visual AI technology since the era of digital cameras and feature phones, refining its algorithms for specific hardware [1] - The company offers a variety of mature algorithms applicable to multiple terminal devices, including distortion correction, video stabilization, HDR, and noise reduction [1] Group 3: Collaborations and Future Outlook - The company has established technical collaborations with globally recognized civil robotics companies [1] - Further details on the company's technology products, business layout, and collaborations can be found in announcements published on the Shanghai Stock Exchange website [1]

虹软科技(688088) 公司研究/公司点评 业绩增长迅速，AI 眼镜业务进展顺利 ——虹软科技 2025 年半年报点评 ◼ 事件描述 公司发布 2025 年半年度报告，该公司营业收入为 4.1 亿元，同比增长 7.73%。归属于上市公司股东的净利润为 8853.61 万元，同比增长 44.06%，归属于上市公司股东的扣除非经常性损益的净利润为 7201.08 万元，同比增长 33.86%。基本每股收益为 0.22 元。 ◼ 核心观点 手机业务略有波动，不影响手机业务全年情况：根据公司 2025 年半年 报，公司移动智能终端视觉解决方案实现营业收入 33,932.23 万元， 同比增长 2.23%。公司在投资者交流纪要中表示，Q2 手机业务收入 波动的主要原因是客户项目验收延迟至下一季度所致，属于正常现象， 不影响手机业务全年的情况。公司客户常年稳定，今年依然看好包含 手机在内的移动智能终端业务的成长性。 智能汽车业务维持较高增长：根据公司 2025 年半年报，智能汽车及其 他 AIoT 智能设备视觉解决方案实现营业收入 6,465.16 万元，同比 增长 49.09%。舱内业务持续发力，2025 年上半年， ...

Core Insights - The company reported a revenue of 410 million yuan for the first half of 2025, representing a year-on-year growth of 7.73% [1] - The net profit attributable to shareholders reached 89 million yuan, with a significant year-on-year increase of 44.06% [1] - The overall gross margin stood at 88.37%, a decrease of 2.69 percentage points compared to the previous year [1] Financial Performance - The company achieved a revenue of 201 million yuan in Q2 2025, reflecting a year-on-year growth of 2.08% [1] - The net profit attributable to shareholders for Q2 was 39 million yuan, up 42.43% year-on-year [1] - The non-GAAP net profit for Q2 was 32 million yuan, marking a year-on-year increase of 34.83% [1] Business Segments - Revenue from mobile intelligent terminal visual solutions was 339 million yuan, growing by 2.23% year-on-year [1] - Revenue from intelligent automotive and other AIoT visual solutions reached 64.65 million yuan, with a remarkable growth of 49.09% [1] - The mature segment showed stable customer retention and strong technical barriers, while the emerging segment experienced increased demand and penetration [1] Technology and Product Development - The company is advancing its in-cabin and out-of-cabin solutions, with driver and passenger safety assistance systems already in mass production [2] - The DMS product has received EU ADDW certification and achieved full marks in safety tests for brands like Lantu and Geely [2] - The company is focusing on smart parking and driver assistance systems, with successful POC technology validation for integrated parking solutions [2] AI and Robotics - The company is making strides in commercializing AI glasses and embodied intelligence, enhancing product capabilities and expanding ecosystem resources [3] - Collaborations with leading chip manufacturers like Qualcomm are aimed at optimizing imaging algorithms and chip compatibility [3] - The company has established technical partnerships with renowned civilian robotics firms for core intelligent visual perception and integration [3] Earnings Forecast - The company is expected to benefit from the high growth rates in the smart imaging and smart driving sectors, with projected EPS of 0.54, 0.66, and 0.82 yuan for 2025-2027 [3]

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the analysis suggests a positive outlook based on growth metrics and emerging opportunities in AI and smart driving sectors [1][2]. Core Insights - The company reported a revenue of 410 million yuan for the first half of 2025, representing a year-on-year growth of 7.73%, with a net profit of 89 million yuan, up 44.06% year-on-year [1]. - The gross margin for the company stands at 88.37%, a decrease of 2.69 percentage points compared to the previous year [1]. - The mobile intelligent terminal visual solutions segment generated revenue of 339 million yuan, growing 2.23% year-on-year, while the smart automotive and AIoT device solutions segment saw a significant increase of 49.09% to 64.65 million yuan [1]. - The company is actively pursuing new technologies and markets, with EPS projections of 0.54, 0.66, and 0.82 yuan for 2025, 2026, and 2027 respectively, corresponding to P/E ratios of 98.74, 81.02, and 64.71 [1][2]. Financial Summary - Total revenue is projected to grow from 670 million yuan in 2023 to 1.501 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 24.4% [2]. - The net profit attributable to the parent company is expected to increase from 88 million yuan in 2023 to 330 million yuan in 2027, reflecting a growth rate of 25.2% in the final year [2]. - The gross margin is forecasted to remain stable around 90% over the next five years, indicating strong profitability [2]. - Return on equity (ROE) is projected to improve from 3.3% in 2023 to 10.3% in 2027, showcasing enhanced efficiency in generating profits from shareholders' equity [2]. Business Segments - The company is focusing on both in-cabin and out-of-cabin solutions for smart vehicles, with significant advancements in driver and passenger safety systems and successful product certifications [1]. - The AI edge computing segment is expected to see gradual commercialization, particularly with AI glasses and embodied robots, indicating a strategic shift towards innovative product offerings [1].

Market Overview - On August 25, the animal health sector rose by 1.47%, led by Shenlian Biological, while the Shanghai Composite Index closed at 3883.56, up 1.51%, and the Shenzhen Component Index closed at 12441.07, up 2.26% [1]. Stock Performance - Shenlian Biological (688088) closed at 14.50, with a significant increase of 13.81% and a trading volume of 521,000 shares, amounting to 723 million yuan [1]. - Other notable stocks included: - KQ Biological (688526) at 18.10, up 2.67% [1]. - Dayu Biological (871970) at 10.25, up 1.18% [1]. - Huisheng Biological (300871) at 23.75, up 0.93% [1]. - Ruip Biological (300119) at 23.48, up 0.86% [1]. - Jinhai Biological (002688) at 7.31, up 0.55% [1]. Capital Flow - The animal health sector experienced a net outflow of 40.13 million yuan from institutional investors, while retail investors saw a net outflow of 60.97 million yuan. Conversely, speculative funds had a net inflow of 101 million yuan [2]. Individual Stock Capital Flow - Shenlian Biological had a net inflow of 35.39 million yuan from institutional investors, while retail investors faced a net outflow of 74.83 million yuan [3]. - Other stocks with notable capital flows included: - Pulaike (603566) with a net inflow of 3.28 million yuan from institutional investors and a net outflow of 9.68 million yuan from retail investors [3]. - Huisheng Biological (300871) had a net inflow of 2.55 million yuan from institutional investors but a net outflow of 13.77 million yuan from retail investors [3].