编号：2024-010 证券代码：688088 证券简称：虹软科技 虹软科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |---------------------------------|--------------------------------------------------------------|----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | □ | 特定对象调研 □分析师会议 | | | 投 资 者 | □ 媒体采访 | R 业绩说明会 | | | 关 系 活 | □ | 新闻发布会 □路演活动 | | | 动类别 | □ | 现场参观 £一对一沟通 | | | | □ 其 ...

这家AI视觉服务商持续发力"智能终端+智能驾驶"两大领域，全面满足L2+级别智能驾驶需求，已与高通 新一代智能芯片平台合作发布智驾产品。 调研要点： ①这家AI视觉服务商持续发力"智能终端+智能驾驶"两大领域，全面满足L2+级别智能驾驶需求，已与高 通新一代智能芯片平台合作发布智驾产品； ②风险提示：调研内容仅为机构与上市公司间的业务交流，不构成投研观点，信息以上市公司公告和分 析师公开报告为准。 虹软科技于10月30日举行业绩说明会，公司2024年前三季度营业收入5.74亿元，同比上升14.09%；归 母净利润8,829.07万元，同比上升8.12%；归母扣非净利润7,790.57万元，同比上升3.51%。前三季度 公司移动智能终端业务实现收入4.85亿元，较上年同期增长6.54%；智能驾驶及其他IoT业务实现收入 7,968.01万元，较上年同期增长108.32%。 2024年第三季度，虹软科技持续推进移动智能终端产品及智能驾驶产品的升级。第三季度，公司创新 产品"智能超域融合(Turbo Fusion)"架构进一步优化，继前半年已产品化及出货的超夜、人像、抓拍、 远距系列产品以外，产品系列继续丰富；智能 ...

上 市 公 司 公 司 研 究/ 公 司 点 评 证 券 研 究 报 告 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 10 月 31 日 | | 收盘价（元） | 34.83 | | 一年内最高/最低（元） | 44.50/21.00 | | 市净率 | 5.4 | | 息率（分红/股价） | 1.06 | | 流通 A 股市值（百万元） | 13,973 | | 上证指数/深证成指 | 3,279.82/10,591.22 | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |-------------------------------|-------------------------------| | | | | 基础数据 : | 2024 年 09 月 30 日 | | | | | 每股净资产（元） | 6.49 | | 资产负债率 % | 11.71 | | 总股本 /流通 A 股（百万） | 401/401 ...

编号：2024-009 证券代码：688088 证券简称：虹软科技 虹软科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------------------|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | 投 资 者 | □ 媒体采访 R | 业绩说明会 | | 关 系 活 | □新闻发布会 □路演活动 | | | 动类别 | □ | 现场参观 £一对一沟通 | | | □其他 | | | 参 与 单 位 名 称 及 人 员 姓名 | 80 家机构，共 | 92 人（详见附件《与会人员清单》） | | 时间 | 2024 年 10 月 | 30 日 | | ...

Key Points Company Overview - **Industry**: Mobile intelligent terminals, intelligent driving, IoT, AIGC - **Management Team**: Zheng Qi (CEO), Dong Yi, Hao Huimei, Xu Jian (CMO, Senior Vice President), Wei Kai (CFO) - **Q3 2024 Financial Highlights**: - Revenue: 5.74 billion yuan, up 14.09% YoY - Net Profit: 88.29 million yuan, up 8.12% YoY - Net Profit After Tax: 77.90 million yuan, up 3.51% YoY - Mobile intelligent terminal revenue: 4.85 billion yuan, up 6.54% YoY - Intelligent driving and other IoT revenue: 79.68 million yuan, up 108.32% YoY Business Progress - **Mobile Intelligent Terminal Business**: - Focus on smartphone products - Continued optimization of the intelligent beyond fusion architecture - Products extended to video application technologies - Products rapidly penetrating mid-range and low-end models - **Intelligent Vehicle Business**: - Two main product forms: VisDrive (software solution) and Visalake (software and hardware integrated solution) - VisDrive: Deepened market penetration in domestic and overseas markets - Visalake: Completed development and deployment of advanced environment perception systems and ADAS intelligent assistance driving systems - **AIGC-related Products**: - Photo Studio AI: Provides natural and realistic clothing details and emotional expression - Continuous improvement of the PSAI platform and expansion of cooperation with mainstream e-commerce platforms Q&A Session - **AIGC Business**: - Current registered users: Approximately 200,000 - Cooperation with domestic and foreign brands - Commercialization of Photo Studio AI by Alibaba's new oilseed brand and 1688 platform - Expansion to international platforms such as TikTok and Douyin - **Mobile Business**: - Q3 revenue decline due to delivery and project timing issues - Positive outlook for Q4 and 2025 - Continuous iteration of new products and technology upgrades - **Intelligent Driving Business**: - Single vehicle value: Varies from 10 to 100 yuan - Cooperation with overseas OEMs and Tier 1 suppliers - Advantageous competitive position in overseas markets - **West Lake Product**: - Accelerated development and deployment of software and hardware integrated solutions - Expansion of partners and technical verification - **Smartphone Business and Huawei Cooperation**: - Continuous improvement of TuberFusion technology - Cooperation with Huawei for algorithm landing on Hongmeng system - **AR/VR Business**: - Continuous layout and cooperation with leading domestic and foreign manufacturers - Positive market prospects driven by consumer-level AI glasses

来源：公司年报、国金证券研究所 虹软科技 (688088.SH) 业绩简评 2024 年 10 月 29 日，公司发布三季报，前三季度实现营收 5.7 亿 元，同比增长 14.1%；实现归母净利润 0.9 亿元，同比增长 8.1%。 单 Q3 公司实现营收 1.9 亿元，同比增长 18.5%；归母净利润为 0.3 亿元，同比下降 15.1%；销售商品、提供劳务收到的现金为 2.3 亿元，同比增长 205.0%；经营活动现金流净额为 6,665.0 万 元，同比增长 221.4%。 经营分析 分业务来看，Q3 公司智能手机视觉解决方案实现营收 1.5 亿元， 同比增长 6.8%。智能驾驶及其他 IoT 智能设备视觉解决方案实现 营收 0.4 亿元，同比增长 129.8%，预计系公司 VisDrive 等方案打 磨成熟，持续拓宽车型范围所致。目前公司车载方案能够满足 GBT、C-NCAP、C-IASI、IVISTA 等国内外法规及行业标准要求， 已协助沃尔沃、长城汽车、本田、吉利、东风岚图、星途、哪吒 汽车、极氪等 OEM 客户顺利实现产品量产落地。 公司成本费用管控良好，Q3 毛利率较上年同期略降 0.9pct ...

Revenue Performance - Revenue for the third quarter was RMB 192,764,996.57, an increase of 18.54% year-over-year[2] - Revenue for the first three quarters of the year was RMB 573,681,641.46, an increase of 14.09% year-over-year[2] - Total revenue for the first nine months of 2024 reached RMB 5,736.816 million, a year-on-year increase of 14.09%[10] - Revenue from mobile intelligent terminal visual solutions was RMB 4,846.873 million, up 6.54% year-on-year[10] - Revenue from intelligent driving and other IoT smart device visual solutions surged to RMB 796.801 million, a year-on-year increase of 108.32%[10] - Total revenue for the first three quarters of 2024 reached 573.68 million yuan, a 14.1% increase compared to 502.81 million yuan in the same period of 2023[19] - Revenue from sales of goods and services decreased to RMB 498.12 million from RMB 595.48 million in the previous year[23] Profit and Earnings - Net profit attributable to shareholders was RMB 26,831,794.62, a decrease of 15.14% year-over-year[2] - Net profit attributable to shareholders for the first three quarters was RMB 88,290,720.45, an increase of 8.12% year-over-year[2] - Net profit for the first three quarters of 2024 was 105.11 million yuan, a 10.6% increase compared to 95.06 million yuan in the same period of 2023[19] - Net profit attributable to parent company shareholders increased to RMB 88.29 million, up from RMB 81.66 million in the previous year[20] - Basic earnings per share for the quarter were RMB 0.07, a decrease of 12.50% year-over-year[2] - Basic and diluted earnings per share (EPS) were RMB 0.22, compared to RMB 0.20 in the previous year[22] R&D and Expenses - R&D investment for the quarter was RMB 108,434,710.56, accounting for 56.25% of revenue, a decrease of 0.63 percentage points year-over-year[3] - R&D expenses for the first three quarters of 2024 amounted to 302.43 million yuan, an 18% increase from 256.39 million yuan in the same period of 2023[19] - Payments for employee benefits increased to RMB 367.67 million from RMB 319.54 million in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,949,165,821.93, a decrease of 5.49% compared to the end of the previous year[3] - Total assets as of September 30, 2024, were 2.95 billion yuan, a 5.5% decrease from 3.12 billion yuan at the end of 2023[15][16][17] - Cash and cash equivalents decreased to 891.93 million yuan as of September 30, 2024, from 1.93 billion yuan at the end of 2023[15] - Trade receivables increased to 159.92 million yuan as of September 30, 2024, a 57.6% increase from 101.46 million yuan at the end of 2023[15] - Contract liabilities decreased to 205.71 million yuan as of September 30, 2024, from 258.46 million yuan at the end of 2023[16] - Total liabilities decreased to 345.44 million yuan as of September 30, 2024, from 447.82 million yuan at the end of 2023[16][17] - Shareholders' equity decreased to 2.60 billion yuan as of September 30, 2024, from 2.67 billion yuan at the end of 2023[17] Cash Flow - Net cash flow from operating activities for the first three quarters was RMB 1,803,229.51, a decrease of 98.80% year-over-year[7] - Cash flow from operating activities was RMB 1.80 million, significantly lower than RMB 150.56 million in the previous year[23] - Cash flow from investing activities was negative RMB 873.37 million, compared to positive RMB 101.15 million in the previous year[24] - Cash flow from financing activities was negative RMB 155.94 million, compared to negative RMB 42.58 million in the previous year[24] - Net cash outflow from investment activities increased to RMB 2.34 billion, up from RMB 819.04 million in the previous year[24] - Cash and cash equivalents at the end of the period decreased to RMB 891.93 million from RMB 1.88 billion in the previous year[24] Non-Recurring Items and Other Income - Non-recurring gains and losses for the quarter totaled RMB 2,720,406.98, primarily due to gains from financial asset management and government subsidies[5] - Other income for the first three quarters of 2024 was 27.28 million yuan, a 32.6% increase compared to 20.56 million yuan in the same period of 2023[19] Share Repurchase and Capital Changes - The company completed a share repurchase of 439,000 shares, with a total payment of RMB 13.1985 million[10] - The company reduced its total share capital from 406,000,000 shares to 401,170,400 shares after repurchasing and canceling 4,829,600 shares[11] Legal and Contractual Matters - A subsidiary was involved in a lawsuit with an initial court ruling requiring compensation of USD 9.706 million plus interest[12] - A software licensing agreement amendment was signed with a specific client, amounting to USD 45.79 million[13] Dividends and Subsidiary Transactions - A subsidiary distributed a dividend of RMB 85 million to the company in March 2024[14] Comprehensive Income - Total comprehensive income attributable to parent company shareholders decreased to RMB 76.84 million from RMB 117.45 million in the previous year[20] Return on Equity - Weighted average return on equity (ROE) for the quarter was 1.02%, a decrease of 0.18 percentage points year-over-year[2]

证券代码：688088 证券简称：虹软科技 虹软科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

2024 年 08 月 31 日 虹软科技(688088.SH) 智能车业务持续高增，商拍业务进展显著 事件概述 8 月 26 日，虹软科技发布 2024 年半年报，2024 上半年公司实现营业 收入 3.81 亿元，同比增长 11.97%；实现归母净利润 6145.89 万元， 同比增长 22.82%，扣非归母净利润 5379.43 万元，同比增长 21.70%。 智能车业务持续高增，带动业绩稳步提升 2024H1，公司收入稳步提升。分业务来看，1）智能手机视觉业务实 现营收 3.32 亿元，同比增长 6.43%，主要系公司加速了 Turbo Fusion 技术和产品的推广，除继续在各客户旗舰机型平台应用外，还在更多 高端机型上落地应用，并已逐步向市场主流机型渗透。2）智能驾驶 及其他 IoT 智能设备业务实现营收 0.43 亿元，同比增长 93.19%，主 要由于公司智能汽车业务定点数量的增加及其相应的定点产品量产 交付，逐渐实现放量。此外，公司毛利率维持高位（90.35%），主要 由于智能驾驶业务完成前后装动能转换，毛利率由 22 年的 44.12%上 升至 24H1 的 87.28%。我们认为，伴随着 ...

车视觉解决方案已经在多家头部商用车企业量产,并在2024年上半年新增多 款定点车型。 公司点评报告 · 计算机行业 智能驾驶业务高增,海外营收持续较快增长 2024 年中报业绩点评 核心观点 2024年8月28日 | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|------------| | | | | | | ● | 事件:公司发布 2024年半年度报告,2024年上半年实现营业收入3.81 亿元 | 虹软科技(688088.SH) | | | | (+11.97%),归母净利润 0.61亿元(+22.82%),扣非归母净利润 ...