上 市 公 司 证 券 研 究 报 告 计算机 2024 年 05 月 08 日 虹软科技 (688088) ——AIGC 备案通过，商拍工作室全新上线 | --- | --- | |-----------------------------|-------------------------------| | 市场数据： | 2024 年 05 月 07 日 | | 收盘价（元） | 34.02 | | 一年内最高 / 最低（元） | 53.4/21 | | 市净率 | 5.1 | | 息率（分红/股价） | | | 流通 A 股市值（百万元） | 13812 | | 上证指数/深证成指 | 3147.74/9770.94 | | | | | --- | --- | |------------------------------|-------------------------------| | | | | | | | 基础数据 : | 2024 年 03 月 31 日 | | 每股净资产（元） | 6.65 | | 资产负债率 % | 11.37 | | 总股本/流通 A 股（百万） | 406/406 ...

关于股份回购实施结果暨股份变动的公告 证券代码：688088 证券简称：虹软科技 公告编号：临 2024-028 虹软科技股份有限公司 第 1 页 / 共 3 页 二、回购实施情况 （一）2024 年 2 月 6 日，公司通过上海证券交易所交易系统以集中竞价交易 方式首次实施回购股份 11,000 股，占公司总股本 406,000,000 股的比例为 0.0027%，回购成交的最高价为 23.40 元/股，最低价为 23.39 元/股，支付的资金 总额为人民币 25.74 万元（不含印花税、交易佣金等交易费用）。 （二）截至本公告披露日，公司已完成回购，实际回购公司股份 439,000 股, 占公司总股本 406,000,000 股的比例为 0.11%，回购成交的最高价为 32.22 元/股， 最低价为 23.39 元/股，支付的资金总额为人民币 1,319.85 万元（不含印花税、交 易佣金等交易费用）。目前回购的股份全部存放于公司股份回购专用证券账户。 （三）本次股份回购过程中，公司严格按照相关法律、法规的规定回购股份， 符合《上海证券交易所上市公司自律监管指引第 7 号——回购股份》的规定及公 司回购方 ...

证券代码：688088 证券简称：虹软科技 公告编号：临 2024-027 虹软科技股份有限公司 关于参加 2023 年度软件专场集体业绩说明会 暨 2024 年第一季度业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2024 年 5 月 14 日（星期二）15:00-17:00 会议召开方式：视频和线上文字互动 视频和 线 上 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 2024 年 5 月 13 日（星期一）16:00 前通过公司邮箱 invest@arcsoft.com 进行提问。公司将在文字互动环节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 2024 年 4 月 19 日发布公司 《2023 年年度报告》《2024 年第一季度报告》，为便于广大投资者更全面深入地 了解公司 2023 年度及 2024 年第一季度经营成果、财务状况 ...

Investment Rating - The report gives a "Buy" rating for the company, with a target price of 33.33 CNY, corresponding to a PE ratio of 96/70/51 for the years 2024-2026 [2][89]. Core Insights - The company is a global leader in imaging and visual technology, leveraging a high-margin, high-R&D, and high-dividend IP licensing model. It has maintained a gross margin of approximately 90% and a research expense ratio above 30% for the past eight years, reaching over 50% in the last two years [1][28]. - The company is capitalizing on AI industry innovations, diversifying its revenue structure beyond smartphones, and is expected to benefit from a new global innovation cycle in traditional mobile and smart driving businesses [1][94]. - The AI commercial photography market is projected to reach a scale of 142-278 billion CNY in 2023, driven by the need for cost efficiency among small and medium-sized e-commerce businesses [2][77]. Summary by Sections Company Overview - The company focuses on computer vision, providing algorithm licensing and system solutions. Its primary revenue model involves deep integration of computer vision algorithms with client devices, allowing for technology and software usage fees [8][28]. AI Commercial Photography - The report highlights the rapid growth of the AI commercial photography market, with traditional commercial photography facing high costs and inefficiencies. The company’s AI solutions can reduce production costs by up to 95% [2][19][55]. - The AI commercial photography products cover various needs, including AI product images and model images, with flexible subscription models for different customer types [60][61]. Mobile Intelligence - The company maintains a leading position in smartphone imaging algorithms, with expectations for revenue growth driven by the upcoming AI smartphone innovation cycle. The Turbo Fusion series of algorithm products is central to this growth [39][40]. - Revenue from mobile intelligence is projected to grow at rates of 14%/12%/10% from 2024 to 2026, with a stable gross margin around 92% [73]. Smart Driving - The smart driving business is progressing steadily, with the VisDrive solution seeing increased customer adoption and project depth. Revenue growth for this segment is expected to be 40%/50%/55% from 2024 to 2026 [50][68]. - The company has established partnerships with multiple automotive manufacturers, enhancing its product offerings in the smart driving sector [46][47]. Financial Projections - The company’s revenue is forecasted to reach 847 million CNY in 2024, 1.073 billion CNY in 2025, and 1.364 billion CNY in 2026, with corresponding net profits of 141 million CNY, 193 million CNY, and 266 million CNY [100].

证券代码：688088 证券简称：虹软科技 编号：2024-002 虹软科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------------------|-----------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | R ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 41.33 CNY per share, while the current stock price is 28.76 CNY as of April 22, 2024 [5][24]. Core Insights - The company has established an upward trend in profitability, with significant revenue growth and a strong performance in its core business areas, particularly in AI visual algorithms and smart automotive technology [16][24]. - The company reported a total revenue of 670 million CNY in 2023, representing a year-on-year increase of 26.07%, and a net profit of 88.5 million CNY, up 53.03% year-on-year [16][24]. - The first quarter of 2024 showed a revenue of 184 million CNY, a 13.94% increase year-on-year, with a net profit of 34 million CNY, reflecting a 21.21% growth [16][24]. Financial Performance - In Q4 2023, the company achieved a revenue of 167 million CNY, marking an 18.85% year-on-year increase, and a net profit of 7 million CNY, which is a 52.50% increase [17]. - The smart phone visual business generated 581 million CNY in revenue, growing by 22.82% year-on-year, while the smart driving and IoT devices segment saw a revenue increase of 67.26% to 74 million CNY [17][20]. - The gross margin improved to 90.35% in 2023, up 1.86 percentage points from the previous year, and further increased to 91.84% in Q1 2024 [20]. Business Development - The company has successfully launched its smart automotive business, which is entering a phase of scale production, contributing to the recovery of profitability [19][24]. - The company has established partnerships with several automotive manufacturers, including Changan New Energy and Geely, for various pre-installed production projects [21]. - The company is actively expanding into emerging fields such as AIGC and XR technologies, with plans to launch new products and applications in 2024 [23][24]. Future Projections - Revenue projections for 2024, 2025, and 2026 are estimated at 839 million CNY, 1.03 billion CNY, and 1.23 billion CNY respectively, with net profits expected to reach 162 million CNY, 241 million CNY, and 341 million CNY [24][25].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price set at 38.10 CNY [14][15]. Core Insights - The company is expected to sustain high growth in its intelligent driving business while expanding its commercial photography segment focused on video generation [14]. - The revenue for 2023 reached 670 million CNY, reflecting a year-on-year growth of 26% [15]. - The report has adjusted the earnings forecast for 2024-2026, with expected EPS of 0.36 CNY in 2024, 0.48 CNY in 2025, and 0.60 CNY in 2026 [14][15]. Financial Summary - The company achieved a net profit of 146 million CNY in 2023, a 65% increase compared to the previous year [15]. - The operating profit margin is projected to improve from 14.1% in 2023 to 16.8% in 2024 [15]. - The net asset return rate is expected to rise from 5.4% in 2023 to 7.1% in 2024 [15]. Market Performance - The stock price has fluctuated between 22.21 CNY and 51.45 CNY over the past 52 weeks, with a current market capitalization of 11,133 million CNY [2][14]. - The report indicates that the company's stock has shown a relative performance that is expected to outperform the market index [11]. Business Outlook - The intelligent driving segment is anticipated to leverage compliance capabilities to assist domestic automakers in expanding into international markets [14]. - The commercial photography business is set to focus on rapid product launches and updates, particularly in the AIGC (Artificial Intelligence Generated Content) space [14].

A 股一年内最低价(元) 21 上证指数 3074.22 市盈率（TTM） 118.53 总股本（亿股） 4.06 实际流通 A 股(亿股) 4.06 限售的流通 A 股(亿股) 0 流通 A 股市值(亿元) 111.97 [Table_Summary] ⚫ 事件：公司发布 2023 年年报和 2024 年一季报，2023 年公司实现营业收入 6.70 亿元，同比增长 26.07%；实现归母净利润 8,848.77 万元，同比增长 53.03%； 实现扣非后归母净利润 6,806.94 万元，同比增长 898.87%。2024Q1 公司实现 营业收入 1.84 亿元，同比增长 13.93%；实现归母净利润 3416.53 万元，同比 增长 21.21%；实现扣非后归母净利润 3028.46 万元，同比增长 23.91%。 移动智能终端视觉解决方案收入增速由负转正，业务毛利率保持稳定。2023 年，公司移动智能终端视觉解决方案产品收入 58,129.02 万元，较上年增长 22.82%，毛利率 90.90%，较上年同期下降 1.52pct，主要是本期负责项目交付 的技术人员投入增长所致。2023 年，全球智能手 ...

——利润超预期，智能终端和智能驾驶业务向好！ | --- | --- | |-------------------------------------------------|-------------------------------| | 市场数据： | 2024 年 04 月 19 日 | | 收盘价（元） | 27.42 | | 一年内最高/最低（元） | 53.4/21 | | 市净率 | 4.1 | | | | | 息率（分红/股价） | | | 流通 A 股市值（百万元） 上证指数 / 深证成指 | 11133 3065.26/9279.46 | | | | | --- | --- | |-------------------------------|-------------------------------| | | | | | | | 基础数据 : | 2024 年 03 月 31 日 | | 每股净资产（元） | 6.65 | | 资产负债率 % | 11.37 | | 总股本/流通 A 股（百万） | 406/406 | | 流通 B 股 /H 股（百万） | -/- | 一年内股 ...

大家好听得见我的声音吗 可以听到的领导好 谢谢各位投资者 大家下午好感谢大家参加华人科技业绩交流会我是华人科技董秘 郝惠美本次参加会议的还有公司董事长首席执行官邓恢博士首席营销官高级副总裁徐坚先生财务总监薇凯女士公司于18日晚发布了2023年年度报告与2024年第一季度的报告接下来由我给大家就报告的情况做个介绍 首先是2023年度2024年度第一季度的公司主要财务数据和基本情况2023年年度营业收入6.7亿元同比上升26.07%规模净利润8848.77万元同比上升53.03%规模扣费净利润6806.94万元同比上升898.87 主要原因是公司移动智能终端业务收入为5.81亿元较上年同期增长了22.82%公司智能驾驶及其他IoT智能业务实现收入是7429.40万元较上年同期增长了67.26% 2020年第一季度营业收入1.84亿元同比上升了13.93%规模净利润是3416.53万元同比上升了21.21%规模扣费净利润3028.46万元同比上升了23.91%其中移动智能中端业务收入是1.61亿元同比增长了8.91% 智能驾驶及其他IoT智能业务收入2059.37万元同比增长84.37%那接下来讲一下2023年度分 ...