Summary of Zhongke Chuangda Conference Call Company Overview - Zhongke Chuangda is focusing on empowering the automotive industry through AIOS, promoting the transition of vehicles towards embodied robotics, enabling perception, decision-making, and execution capabilities through real-time human-machine interaction via onboard sensors [2][3][4]. Key Industry Insights - The integration of edge and cloud computing is driving the demand for AI Box solutions, which facilitate smooth operation of 7B models on vehicles, significantly reducing development costs and timelines [2][3][6]. - The automotive industry is transitioning from software-defined vehicles to AI-defined vehicles, with a notable growth in smart hardware across sectors like mobile, automotive, and robotics [3][4]. Core Product Developments - Zhongke Chuangda has launched an AI Box solution based on the NVIDIA platform, achieving up to 200 TOPS of AI computing power, marking it as the first edge device capable of running 7B models smoothly [2][4][6]. - The company is enhancing its capabilities in the robotics sector, particularly in autonomous mobile robots (AMR), utilizing multi-modal perception technology for precise positioning in industrial and logistics applications [2][5][7]. Strategic Partnerships - The company maintains close collaborations with chip manufacturers like NVIDIA and Qualcomm, ensuring that AIOS supports various chips and enhances product offerings [2][4][5]. - A stable partnership with Horizon is in place, focusing on core value provision around Horizon chips, promoting mutual empowerment in the development of autonomous driving technologies [8]. Visual Technology Advancements - Zhongke Chuangda has strengthened its visual technology capabilities through the acquisition of MM Solution, enabling applications across mobile, automotive, and IoT sectors [2][10]. - The company has developed a video conferencing product utilizing dual 4K cameras and AI directing algorithms, enhancing user experience through intelligent scene analysis [13]. Financial Performance and Efficiency - The improvement in expense ratios is attributed to enhanced operational and management efficiencies, allowing the company to adapt resources flexibly to seize industry opportunities [4][14][15]. - Continuous improvement in operational efficiency is a long-term goal, with a focus on optimizing expense ratios while capturing market opportunities [15]. Future Directions - Zhongke Chuangda is exploring the application of bipedal and quadrupedal robots, with a current emphasis on AMR technology, aiming to expand into more diverse applications in the future [5][7]. - The core of Zhongke Chuangda's future development is centered around its operating system (AIOS), which integrates AI capabilities and aims for comprehensive ecosystem and hardware-software fusion [20]. Additional Insights - The company is actively developing reference designs in the CRM sector to meet industry chain customer needs, ensuring rapid product delivery [18]. - In the Robot Taxi business line, Zhongke Chuangda is focused on building an overall platform, integrating AIOS and AI Box capabilities to empower customer needs [19]. This summary encapsulates the key points from the conference call, highlighting Zhongke Chuangda's strategic initiatives, product developments, partnerships, and future directions in the automotive and robotics industries.

Summary of Zhongke Chuangda Conference Call Company Overview - Zhongke Chuangda is focused on transforming automotive electronics architecture through an integrated AI framework, enhancing local data processing capabilities with AI Box, and improving human-machine interaction with its AI OS [2][3]. Key Industry Insights - The automotive industry is shifting from software-defined vehicles to AI-defined vehicles, driven by the demand for AI applications and integrated AI solutions [3][4]. - The AI Box platform, developed in collaboration with Geely and NVIDIA, supports real-time operation of a 7 billion parameter model, significantly enhancing AI capabilities in vehicles [2][4]. Core Product Features - **AI Box**: - Utilizes NVIDIA Drive AGX chip, providing 200 TOPS AI computing power and over 200 GB/s bandwidth, enabling the operation of 7 billion parameter models on the vehicle side [2][6]. - Facilitates seamless integration with in-vehicle devices through standardized open protocols, allowing for rapid support of multimodal models and multi-cloud combinations [6]. - **Dish OS**: - Transitioned to an AI-native architecture, enabling dynamic allocation of computing power and flexible model scheduling, which supports deeply integrated AI applications and seamless cloud service connectivity [5][9]. - Designed to reconstruct the interaction and service logic of smart cockpits without altering existing automotive electronic architectures [5]. Strategic Initiatives - Zhongke Chuangda employs a dual-engine strategy centered on Dish OS and AI Box, supporting comprehensive scene expansion and technological innovation [7]. - The company is also focusing on the development of IoT and mobile business sectors, benefiting from the rapid recovery trends in these areas due to the influence of edge AI [7][10]. Future Outlook - The company is optimistic about its future, particularly in domestic and international markets, leveraging its robust technology platform and ecosystem [7][10]. - Plans to expand its presence in 16 countries and regions globally, emphasizing the integration of AI and IoT in its offerings [10][12]. Emerging Technologies - The company is venturing into the robotics sector with Autonomous Mobile Robots (AMR) aimed at factory and warehouse logistics, utilizing multimodal perception technology for precise positioning and complex task handling [8]. - The AIoT platform is rapidly evolving, driven by the integration of AI technologies and the development of new products like AI glasses and AI PCs, which are closely tied to edge computing [11][12][14]. Product Development - The mobile business remains crucial, with ongoing innovations in AI smartphones that can be leveraged across various sectors, including automotive and IoT [17]. - The Turbo X AI glasses, featuring a dual-chip architecture, have significantly reduced power consumption and improved performance, setting a foundation for future developments in AI eyewear [18]. Conclusion - Zhongke Chuangda is positioned at the forefront of the automotive and IoT industries, with a strong focus on AI integration and innovative product development, indicating a promising trajectory for growth and market expansion [7][10].

Group 1 - The AI PC concept index rose by 1.05%, ranking fifth among concept sectors, with 23 stocks increasing in value, including Kosen Technology and Guanghe Technology hitting the daily limit up [1] - Notable gainers in the AI PC sector included Feirongda, Wentai Technology, and Changying Precision, which rose by 10.19%, 9.60%, and 9.04% respectively [1] - The sector experienced a net outflow of 1.631 billion yuan in capital, with 24 stocks seeing net inflows, and 10 stocks receiving over 100 million yuan in net inflows [2] Group 2 - The top net inflow stocks in the AI PC sector were Shenzhou Digital, with a net inflow of 393 million yuan, followed by Wentai Technology and Changying Precision with net inflows of 361 million yuan and 332 million yuan respectively [2][3] - The highest net inflow ratios were recorded by Taijia Co., Anfu Technology, and Shenzhou Digital, with net inflow ratios of 16.07%, 12.98%, and 9.75% respectively [3] - The overall market performance showed a mixed trend, with various sectors experiencing both gains and losses, highlighting the volatility in the market [2][5]

Group 1 - As of September 17, Huawei automotive concept stocks rose by 1.90%, ranking 7th in the concept sector, with 118 stocks increasing, and Lihexing hitting the daily limit with a 20% rise [1] - Notable gainers in the Huawei automotive sector include Haoneng Co., Shanzigaoke, and Mould Technology, which saw increases of 14.22%, 12.48%, and 12.44% respectively [1] - The sector experienced a net inflow of 8.81 billion yuan from major funds, with 77 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow [2] Group 2 - The leading stock in terms of net inflow was Ningde Times, with a net inflow of 12.43 billion yuan, followed by Haoneng Co., Shanzigaoke, and Zhongke Chuangda with net inflows of 3.27 billion yuan, 2.31 billion yuan, and 2.09 billion yuan respectively [2] - In terms of net inflow ratio, Haoneng Co., Lihexing, and Yokogawa Precision led with ratios of 15.74%, 14.09%, and 13.16% respectively [3] - The top stocks in the Huawei automotive concept sector included Ningde Times, Haoneng Co., and Shanzigaoke, with daily price increases of 6.70%, 10.03%, and 10.12% respectively [4]

Group 1 - Nomura raised the target price for Zhongke Chuangda from 54.00 yuan to 73.00 yuan [1]

Group 1 - The core viewpoint of the news highlights significant developments in the humanoid robot industry, particularly with Figure completing a Series C funding round exceeding $1 billion, leading to a post-money valuation of $39 billion [1] - The humanoid robot sector is expected to enter a sales growth phase, with Elon Musk planning internal meetings at Tesla to focus on AI/autonomous driving systems and the production plans for the Optimus robot [1] - According to Xinda Securities, the launch of Optimus 3 is anticipated to become a global benchmark, with the design and structure of humanoid robots expected to converge from the current diversity [1] Group 2 - By 2026, humanoid robots are projected to see significant volume production, while 2025 will focus on design upgrades, data accumulation, and generalized training [1] - The automotive parts ETF closely tracks the CSI Automotive Parts Theme Index, which includes many stocks related to the robotics industry, experiencing a rise of over 1.3% during trading [1] - The CSI Automotive Parts Theme Index comprises 100 listed companies involved in automotive systems, interiors, exteriors, electronics, and tires, reflecting the overall performance of automotive parts theme stocks [2]

Group 1 - Junsheng Electronics, as a Tier 1 supplier, provides head assemblies to major North American clients, with a total value of approximately 20,000 yuan for three generations of products, and has achieved robot revenue of 30 million yuan, with automotive business recovering to double-digit growth since August [1] - In Abu Dhabi, nearly 150 Robotaxis have been deployed, while operational efficiency in Beijing and Guangzhou has improved to 15-17 orders per day, with tests ongoing in Switzerland and Singapore following suit [1] - CATL has secured a designated factory for M clients in Wuhan, with a single vehicle ASP of 700 yuan, expected to ramp up production by 2026 [1] - Weipai's Gaoshan series is projected to exceed annual sales of 10,000 units, with the Tank 500 Hi4-Z accounting for 65%, and Haval's domestic sales in September are expected to approach 40,000 units [1] - As of September 17, 09:38, the Intelligent Connected Vehicle ETF (159872.SZ) rose by 0.84%, with its related index CS Vehicle Networking (930725.CSI) increasing by 0.92%; major constituent stocks such as Junsheng Electronics, Desay SV, and CATL saw significant gains [1] Group 2 - Minsheng Securities highlights that Honda Motor has developed a preventive safety matrix system that significantly reduces riding risks, integrating a 360° perception system with radar, lidar, and cameras, marking the first application of passenger car-level ADAS systems in two-wheel platforms [2] - GF Securities reports that the gross margin of the automotive electronics sector increased by 1.3 percentage points year-on-year to 19.2% in H1 2025, with component manufacturers having a higher overseas revenue share achieving a gross margin of 21.2%, indicating a differentiated competitive landscape in the intelligent connected industry chain [2] - Related products include the Intelligent Connected Vehicle ETF (159872) [2] - Related stocks include CATL (300750), Inovance Technology (300124), Desay SV (002920), Dahua Technology (002236), SAIC Motor (600104), Junsheng Electronics (600699), Hongfa Technology (600885), Huayu Automotive (600741), OFILM (002456), and Zhongke Chuangda (300496) [2]

Group 1 - The company, Zhongke Chuangda (300496), confirmed its ongoing collaboration with global chip manufacturers during a response to investor inquiries on September 16 [1]

Group 1 - The company, Zhongke Chuangda, confirmed on September 16 that it maintains collaborations with well-known domestic and international automotive manufacturers [2]

证券日报网讯中科创达9月16日在互动平台回答投资者提问时表示，公司业务根据客户需求提供不同产 品与服务，收费模式也会不同。 （文章来源：证券日报） ...