Summary of Zhongke Chuangda Conference Call Company Overview - Zhongke Chuangda focuses on the integration of AI and operating systems, aiming to become a leader in edge intelligence, reshape robotics, and maintain leadership in the automotive industry through integrated hardware and software products and platform solutions [2][6][12]. Key Products and Innovations - The company launched the R1 model and the Drip OS 1.0EVA version, which is the first AI-integrated operating system, enhancing multi-modal perception and reconstructing AI cockpit systems [2][3]. - Significant R&D investments are directed towards AI, with a focus on deepening the integration of operating systems and AI, exemplified by the smart cockpit OS 1.0EV version [2][5]. - New products introduced include AI glasses and mobile robots, with the AI glasses utilizing Qualcomm's 5,100e MCU dual-chip architecture for improved power efficiency and response speed [3][5]. Strategic Goals - Zhongke Chuangda's strategic goals include becoming a leader in edge intelligence, redefining robotics, and maintaining a strong position in the automotive sector [2][6]. - The company aims to integrate cloud capabilities with edge systems, focusing on heterogeneous architecture chips to create AI intelligent systems for various applications, including AI phones, glasses, PCs, and wearable devices [2][7]. Automotive Sector Developments - The company is committed to developing complete vehicle operating systems, particularly for smart cockpit OS iterations, and has integrated domestic and international ecosystems to accelerate customer R&D [8][12]. - The automotive industry is transitioning towards centralized computing architectures, with Qualcomm Snapdragon and NVIDIA Orin chips marking significant advancements, although the industry is still in its early stages [4][11]. Robotics and AI Integration - Zhongke Chuangda is focusing on logistics and manufacturing applications with robots, including autonomous forklifts and inspection robots, leveraging AI and IoT capabilities for enhanced performance [4][15]. - The company emphasizes the importance of integrating software and AI in robotics to address current customer challenges and optimize processes in logistics and warehousing [15]. Market Trends and Future Outlook - The trend of low-cost vehicles adopting high-level intelligent features is emerging, driven by the need for deep integration of driving and cockpit domains [11][12]. - The development of cockpit and driving domain integration chips is expected to provide cost-effective solutions across various vehicle segments, with increasing demand for complete vehicle systems anticipated from 2025 onwards [14]. Conclusion - Zhongke Chuangda is strategically positioned to leverage AI and operating systems in various sectors, particularly in automotive and robotics, with a clear focus on innovation and market expansion [2][6][12].

中科创达软件股份有限公司 证券代码：300496 证券简称：中科创达 公告编号：2025-029 关于控股股东部分股份质押展期的公告 3、其他情况说明 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 中科创达软件股份有限公司（以下称"公司"）近日接到控股股东赵鸿飞先生告知，获悉 赵鸿飞先生已将其所持有的公司部分股份办理了质押展期，具体事项如下： 一、股东股份质押展期的基本情况 1、本次股东股份质押展期的基本情况 | | 是否为 | | 占其 | 占公 | | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 第一大 | 本次展 | 所持 | 司总 | 是否为 | 为补 | 原质押到 | 展期后质 | | 质押 | | | 股东及 | 期数量 | | | | | 期日 | | 质权人 | | | 名称 | | | 股份 | 股本 | 限售股 | 充质 | | 押到期日 | | 用途 | | | 其一致 | | 比例 | 比例 | | 押 ...

Group 1 - The three major indices opened lower on May 16, with the ChiNext and Shenzhen Composite Index turning positive, while the computer sector showed a low opening followed by a rebound [1] - The Software ETF (159852) closely tracks the CSI Software Service Index, which covers 30 listed companies involved in software development and services, reflecting the overall performance of the software service industry [1] - The People's Bank of China and four other departments held a meeting emphasizing the need for financial management and technology departments to support technological innovation through various policy measures [1] Group 2 - Ping An Securities believes that competition in the global large model field remains intense, maintaining a positive outlook on AI investment opportunities, particularly in areas like OA/ERP/programming/office applications [2] - CITIC Securities notes that after the first quarter reports, market earnings forecasts have been slightly downgraded, with most companies' valuations now at reasonable levels, suggesting to track semiconductor sector opportunities based on potential tariff policy reversals [2] - The semiconductor sector's two main lines of focus include identifying undervalued companies with potential earnings recovery and defensive stocks less affected by tariff policies, particularly in the AI and semiconductor software sectors [2]

Core Viewpoint - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of May 15, 2025, highlighting significant players in the industry and their respective valuations. Group 1: Top Companies by Market Capitalization - Alibaba leads the list with a market capitalization of $319.81 billion [3] - Xiaomi Group follows with a valuation of $170.38 billion [3] - Pinduoduo ranks third at $168.78 billion [3] - Meituan is valued at $107.61 billion, placing it fourth [3] - JD.com has a market cap of $51.51 billion, ranking eighth [4] Group 2: Notable Rankings and Valuations - Other notable companies include Baidu at $31.80 billion [4], and Ideal Auto at $30.74 billion [4] - Kuaishou is valued at $28.87 billion, while Tencent Music stands at $26.32 billion [4] - Xpeng Motors and iFlytek have market caps of $19.90 billion and $15.22 billion respectively [4] Group 3: Additional Companies in the Rankings - Companies like Kingsoft and Hengsheng Electronics have valuations of $7.28 billion and $7.01 billion respectively [5] - Yonyou Network is valued at $6.45 billion, while Qifu Technology stands at $6.33 billion [5] - Other companies in the lower rankings include 360 Security Technology at $10.03 billion and NIO at $9.35 billion [6]

Summary of Zhongke Chuangda Conference Call Company Overview - Zhongke Chuangda focuses on intelligent technology, particularly in the fields of smart hardware, IoT, and AI applications across various sectors including automotive and consumer electronics [2][3][4]. Key Points and Arguments Industry and Product Innovations - The launch of the R1 model significantly reduces pre-training computing costs and enhances user interaction in smart hardware, especially in mobile phones, automobiles, and IoT products [2][3]. - At the Energy World 2025 conference, Zhongke Chuangda showcased AI glasses and robots, with the AI glasses featuring a Qualcomm dual-chip architecture that improves battery life and interaction speed, achieving a 75% increase in system startup speed and a 50% faster camera response time [2][3][6][8]. - The DuerOS 1.0 Evo version was introduced, establishing a collaborative AI-native architecture that integrates chip computing power and human-machine interaction, covering over 50 cockpit scenarios with more than 1,000 voice control functions [2][13]. Business Performance and Growth - In Q1 2025, the IoT business showed rapid growth, closely linked to industrial internet developments, reflecting the results of accumulated efforts in the IoT platform [2][10]. - The acquisition of Route Mobile enhances Zhongke Chuangda's hardware-software integration capabilities, expected to impact the 2025 financial statements positively, particularly in IoT scenarios [4][20]. Strategic Directions - The company aims to focus on edge intelligence, smart devices, robotics, and AI-defined vehicles, leveraging core technologies such as low-latency systems and AI engines to establish a leading global position [5][9]. - Collaboration with major chip manufacturers like Qualcomm, Intel, AMD, and NVIDIA is crucial for providing comprehensive solutions across various platforms [5]. Market Trends and Future Outlook - The IoT business is projected to continue its rapid growth, driven by the integration of hardware and software, with significant revenue growth anticipated [15][18]. - The smartphone business is recovering due to increased demand for AI-enabled devices, with a notable improvement in growth trends compared to the previous year [15][16]. - Despite a decline in smartphone gross margins, the company maintains a strong competitive position and focuses on long-term strategic goals rather than short-term fluctuations [24][25]. Additional Insights - The integration of AI capabilities is transforming smart hardware, with both large and small manufacturers seeking to upgrade their products through AI [18]. - The company emphasizes a platform-based infrastructure for IoT, which includes multi-OS platforms and AI capabilities, allowing for diverse applications across various product categories [17]. Conclusion Zhongke Chuangda is positioned to leverage its innovations in AI and IoT to drive growth across multiple sectors, with a strong focus on integrating hardware and software solutions. The company's strategic partnerships and product developments are expected to enhance its competitive edge in the rapidly evolving smart technology landscape [2][4][20].

华泰联合证券有限责任公司 关于中科创达软件股份有限公司 2024 年年度跟踪报告 中科创达软件股份有限公司 2024 年年度跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：中科创达 | | --- | --- | | 保荐代表人姓名：杨阳 | 联系电话：010-56839300 | | 保荐代表人姓名：李然 | 联系电话：010-56839300 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括 | | | 但不限于防止关联方占用公司资源的制度、 | 是 | | 募集资金管理制度、内控制度、内部审计制 | | | 度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月一次 | | （2）公司募集资金项目进展 ...

之保荐总结报告书 保荐机构名称 华泰联合证券有限责任公司 保荐机构编号 Z26774000 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证券监督管理委员会（以下简称"中国证监 会"）、深圳证券交易所对保荐总结报告书相关事项进行的任何质询和调查。 保荐总结报告书 华泰联合证券有限责任公司 关于中科创达软件股份有限公司 2022 年向特定对象发行股票并在创业板上市 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐机构基本情况 | 情况 | 内容 | | | --- | --- | --- | | 保荐机构名称 | 华泰联合证券有限责任公司 | | | 注册地址 | 深圳市前海深港合作区南山街道桂湾五路 128 | 号前海深港基金小 | | | 镇 B7 栋 401 | | | 主要办公地址 | 北京市西城区丰盛胡同 号丰铭国际大厦 22 A | 座 层 6 | | 法定代表人 | 江禹 | | ...

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of May 9, 2025, highlighting significant players in the industry [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are Alibaba Group with 3003.74 billion, Xiaomi Group with 1693.44 billion, and Pinduoduo with 1560.19 billion [3][4]. - Other notable companies in the top 10 include Meituan at 1104.71 billion, JD.com at 495.86 billion, and Baidu at 301.32 billion [4][5]. - The rankings reflect a diverse range of companies, including those in e-commerce, food delivery, and automotive sectors, indicating a broad technological landscape [5][6]. Group 2: Emerging Players - Companies like Li Auto and Kuaishou are also featured in the rankings, with market capitalizations of 291.48 billion and 286.48 billion respectively, showcasing the growth of electric vehicles and social media platforms [4][5]. - The presence of companies such as Xpeng Motors and NIO, with market caps of 186.55 billion and 89.68 billion respectively, highlights the increasing importance of the electric vehicle sector in the technology landscape [5][6]. Group 3: Overall Trends - The data indicates a strong performance of technology companies in China, with significant market capitalizations reflecting investor confidence and growth potential in the sector [1][3]. - The rankings are calculated based on the latest exchange rates, emphasizing the importance of currency fluctuations in assessing market value [6].

Summary of Zhongke Chuangda Conference Call Company Overview - Zhongke Chuangda focuses on integrating "OS + AI" strategy to empower traditional businesses in mobile phones, automobiles, and IoT, while also expanding into innovative sectors like mobile robotics, providing end-to-end solutions that combine software, AI capabilities, and generative technology for stable operation in complex environments [2][5][15] Key Points and Arguments - **AI Native Vehicle System**: The company launched DELOS 1.0 AI native vehicle system, which is centered around an edge-cloud collaborative AI framework, enabling multi-modal perception and foundational capabilities for both in-vehicle and external environments, thus reconstructing the human-machine interaction (HMI) cockpit system [2][6] - **Collaboration with Volcano Engine**: A deep partnership with Volcano Engine was established to co-build an edge intelligent laboratory, enhancing technical strength and market influence, which is expected to open new business opportunities [2][7][11] - **ThunderWorld 2025 Conference**: At the ThunderWorld 2025 conference, Zhongke Chuangda unveiled TurboX intelligent operating system 1.0, AI glasses, and the latest mobile robotics products, showcasing advancements in edge products and attracting potential partners for large-scale collaboration [2][8][9] - **End-to-End Solutions**: The company emphasizes providing comprehensive end-to-end solutions that integrate software, AI capabilities, and generative technology to ensure stable operation in complex environments, particularly in the automotive sector [5][6] Industry Insights - **Trends in Edge AI**: The company anticipates accelerated trends in edge AI products such as AI PCs, AI mobile phones, and AI glasses, with significant opportunities expected to arise in 2025 [3][15] - **AI PC Development**: Zhongke Chuangda has introduced several new products in the AI PC sector, including those based on Qualcomm chips and Microsoft systems, enhancing user experience through features like text extraction and intelligent search [4][12] - **Mixed Reality (MR) and Augmented Reality (AR)**: The company is actively developing in the MR and AR fields, leveraging Qualcomm chips and strong optical technology capabilities, with recent releases of AR glasses that optimize power management and enhance performance [14][15] Additional Important Information - **Automotive Operating System Development**: The company is continuously upgrading its automotive operating system capabilities, with a consensus on the importance of AI in defining vehicles and advancing AI OS capabilities [10] - **Market Growth Outlook**: The first quarter report indicated significant revenue growth across various business segments, with optimism for continued growth in 2025 driven by the integration of AI and operating systems across different sectors [15]

Investment Rating - The investment rating for the company is "Outperform the Market" [4][11]. Core Views - The company's performance remains stable with a focus on deepening its edge AI strategy. In 2024, the main revenue is projected to be 5.385 billion yuan, a year-on-year increase of 2.72%, while the net profit attributable to shareholders is expected to be 407 million yuan, a decrease of 12.6% [1][9]. - The company is enhancing cost control and maintaining high R&D investment to lay the groundwork for future growth. In 2024, the R&D expense ratio is 19.10%, reflecting an increase of 8.16% year-on-year [1][9]. - The smart IoT business is recovering, while the smart automotive business is experiencing a slowdown due to industry adjustments. The smart IoT business achieved revenue of 1.545 billion yuan, a year-on-year increase of 3.73% [2][9]. Summary by Sections Financial Performance - In 2024, the company expects main revenue of 5.385 billion yuan, a 2.72% increase year-on-year, and a net profit of 407 million yuan, down 12.6% [1][9]. - For Q1 2025, the main revenue is 1.469 billion yuan, a 24.69% increase year-on-year, with a net profit of 93 million yuan, up 2.48% [1][9]. Business Segments - The smart phone segment generated revenue of 1.423 billion yuan, a 0.49% increase year-on-year. The smart automotive segment saw revenue of 2.416 billion yuan, a 3.42% increase, while the smart IoT segment achieved 1.545 billion yuan, a 3.73% increase [2][9]. Strategic Initiatives - The company is focusing on building a differentiated competitive advantage through technology integration and ecosystem collaboration. In the smart automotive sector, the self-developed Drip OS is positioned as a core technology for central computing evolution [3][4]. - The company is also developing innovative terminals in the consumer electronics field and creating an edge AI development platform in collaboration with Qualcomm and Microsoft [3][4].