中科创达软件股份有限公司（以下简称"公司"）第五届董事会第五次会议于 2024 年 12 月 26 日（星期四）在公司会议室以现场结合通讯的方式召开。会议 通知已于 2024 年 12 月 23 日通过邮件的方式送达各位董事。本次会议应出席董 事 9 人，实际出席董事 9 人。 会议由董事长赵鸿飞主持，监事、高管列席。会议召开符合有关法律、法规、 规章和《公司章程》的规定。经各位董事认真审议，会议形成了如下决议： 二、董事会会议审议情况 证券代码：300496 证券简称：中科创达 公告编号：2024-081 中科创达软件股份有限公司 第五届董事会第五次会议决议公告 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。 一、董事会会议召开情况 具体内容详见公司披露于巨潮资讯网（http://www.cninfo.com.cn）的《关于 购买参股公司部分股权的公告》。 表决结果：9 票同意，0 票反对，0 票弃权。 特此公告。 中科创达软件股份有限公司董事会 2024 年 12 月 26 日 （一）审议通过《关于购买参股公司部分股权的议案》 ...

Group 1 - The core viewpoint of the news is the announcement of the RUBIK Auto Pi open-source project by Changxing Zhijia, marking a significant step in the open-source field for smart vehicles [1] - Changxing Zhijia, a subsidiary of Zhongke Chuangda, has become one of the first application units of the Open Atom Open Hardware License version 1.0 [1] - The 2024 Open Atom Developer Conference and the first Open Source Technology Academic Conference were held in Wuhan [3] Group 2 - The RUBIK Auto Pi-Open Cockpit Dev Kit is the first open-source development kit of the RUBIK Auto Pi project, designed specifically for the design and development of smart vehicle cockpit software [4] - The platform boasts an AI computing power of up to 96 TOPS, capable of running Transformer large models and GPT-based local voice large models, while also enabling edge data management [2]

Core Insights - The "2024 Volcano Engine FORCE Power Conference·Winter" will be held in Shanghai from December 18 to 19 [1] - Zhongke Chuangda, as an important ecological partner of Volcano Engine, has been invited to participate in the event [1] - The company will showcase the latest achievements of its AI cockpit solution that integrates end-cloud collaboration with Volcano Engine [1]

中科创达（300496.SZ）事件点评 [盈利预测与财务指标 Table_Forcast] 大模型落地终端"掘金铲" 2024 年 12 月 13 日 ➢ 事件：2024 年 12 月 11 日，在第八届高工智能汽车年会上，中科创达滴水 整车操作系统凭借创新的软件架构设计以及卓越的商业价值获得智能汽车产业 链"年度产品技术创新奖"。此前，11 月 1 日，公司与火山引擎宣布达成深度战略 合作，携手推动大模型技术产业化应用，共建"大模型联合实验室"。 ➢ 中科创达滴水 OS 获奖，推动大模型技术在智能汽车领域落地。中科创达凭 借滴水 OS 荣获 2024 高工智能汽车金球奖"年度产品技术创新奖"，标志着公司 在智能汽车操作系统领域的技术创新取得重要突破。滴水 OS 通过将大模型技术 与车载硬件深度融合，推动了 AI 在车端的应用落地，顺应了智能汽车行业向智 能化、自动化转型的大趋势。此外，创达在大模型与硬件结合的能力上进一步得 到验证，未来有望成为大模型技术落地终端的重要推动者。公司与其他大模型厂 商的合作，将加速智能汽车行业整体技术水平的提升，增强全球市场的竞争力。 ➢ 积极推进与大模型厂商的战略合作，拓展智 ...

Summary of Conference Call Company and Industry Overview - The conference call primarily discusses the progress and developments of **创达 (Chuangda)**, focusing on its advancements in operating systems and intelligent edge computing, particularly in the automotive sector and AI capabilities [1][5][10]. Key Points and Arguments 1. **Product Development Focus**: - The company continues to advance its operating systems and intelligent edge computing, emphasizing AI capabilities in voice, visual, and multi-modal technologies [2][5]. - The launch of the **Rubik Pi** product highlights the integration of lightweight AI features, aimed at supporting open-source Linux and Android system development [16][17]. 2. **Collaboration with ByteDance**: - The partnership with **火山引擎 (Volcano Engine)**, a cloud platform by ByteDance, aims to leverage both companies' strengths in technology and application tools to enhance cloud and AI capabilities for enterprises [3][4]. 3. **Automotive Sector Progress**: - The company has made significant strides in developing a complete vehicle operating system, with a focus on central computing architecture, which is becoming a key industry trend [5][6]. - The integration of various functionalities into a unified platform is expected to enhance the user experience for automotive clients [6][30]. 4. **Industrial Robotics and Automation**: - The company is expanding its footprint in the industrial mobile robotics sector, showcasing products at trade shows that enhance automation in logistics and manufacturing [7][9]. - The use of AGV (Automated Guided Vehicle) robots is highlighted as a means to improve efficiency in automotive production environments [8][9]. 5. **AI and Chip Collaboration**: - The company maintains a strong focus on software as its core competency, collaborating closely with chip manufacturers to provide end-to-end solutions [11][12]. - The partnership with **高通 (Qualcomm)** is emphasized, particularly in developing products that integrate both hardware and software solutions [11][20]. 6. **Market Opportunities and Challenges**: - Despite facing some pressure in performance compared to the previous year, the company sees opportunities arising from the rapid evolution of AI and its applications across various sectors [13][19]. - The automotive industry is viewed as a significant growth area, with ongoing developments in vehicle systems expected to drive long-term business growth [30][31]. 7. **Future Outlook**: - The company anticipates that AI-driven mobile phones will become a major growth area, with increasing demand for advanced chip capabilities [22][23]. - The integration of AI into mobile devices is expected to accelerate, with new chip architectures designed specifically for AI applications [22][24]. Other Important Content - The company is actively engaging in various sectors, including IoT, AR/VR, and unmanned aerial vehicles, indicating a diversified approach to technology development [26]. - The discussion also touches on the importance of maintaining a robust R&D investment to sustain competitive advantages in emerging technologies [28][29]. - The company is committed to adapting its workforce to meet the demands of new technology areas, particularly in AI and robotics [27]. This summary encapsulates the key insights and developments discussed during the conference call, providing a comprehensive overview of the company's strategic direction and market positioning.

Investment Rating - The report maintains an "Outperform" rating for the company [3][6]. Core Insights - The company is a global leader in full-stack intelligent operating systems and edge intelligent products, with a focus on the smart operating system sector for 16 years. Its three core businesses—intelligent software, intelligent automotive, and intelligent IoT—are developing in synergy, with significant revenue contributions from each segment [3][19]. - The company is transitioning its business model towards customized product offerings, establishing a comprehensive ecosystem that integrates software and hardware capabilities. This strategy is expected to enhance its competitive edge and market position [3][4][36]. - The company has made substantial investments in R&D, particularly in emerging fields such as intelligent automotive and IoT, which have temporarily pressured profits but are expected to yield long-term benefits [28][30]. Financial Analysis - Revenue projections indicate a growth trajectory from 5,445 million CNY in 2022 to an estimated 9,315 million CNY by 2026, with a notable increase in net profit from 769 million CNY in 2022 to 1,019 million CNY in 2026 [2][7]. - The company’s net profit margin is projected to improve significantly, with expected net profits of 4.70 million CNY in 2024, 6.68 million CNY in 2025, and 11.17 million CNY in 2026, reflecting a recovery in profitability [4][6]. - The report highlights a current PE ratio of 53 for 2024, with a reasonable valuation range of 76.4 to 81.7 CNY per share, based on a comparative analysis with industry peers [4][6]. Business Model and Strategy - The company has established a three-in-one model of "IP + services + solutions," which emphasizes a full-stack, modular, standardized, and customized approach to software products and solutions [3][36]. - The intelligent automotive sector is experiencing robust growth, with revenue from this segment reaching 23.37 billion CNY in 2023, marking a 30.34% increase year-over-year [36][37]. - The company is actively enhancing its ecosystem by collaborating with leading semiconductor and cloud service providers, which strengthens its market position and technological capabilities [19][52]. Market Trends and Opportunities - The rise of AI PCs is driving the development of a new AI PC ecosystem, with the company playing a crucial role as a core software service provider in the Qualcomm Windows on Arm ecosystem [4][19]. - The integration of AI technologies is revitalizing the mobile business, with edge AI models being deployed in automotive operating systems, indicating a significant market opportunity [4][19]. - The company is leveraging its strong technical foundation to provide differentiated and diverse solutions across various industries, enhancing its competitive advantage in the smart technology sector [3][36].

Investment Rating - The report assigns an "Outperform" rating to Thundersoft (300496 SZ) with a target price range of 76 40 to 81 70 yuan [3][6] Core Views - Thundersoft is a global leader in full stack intelligent operating systems and edge AI products with 16 years of experience in the intelligent OS field The company operates in three core businesses intelligent software intelligent automotive and intelligent IoT which achieved revenues of 1 416 2 337 and 1 489 billion yuan respectively in 2023 [3] - The company is transitioning its business model towards customization and productization leveraging its "IP + service + solution" approach and software centric hardware integrated product sales [3] - Thundersoft is deeply involved in the AI PC ecosystem collaborating with Qualcomm and major PC manufacturers to drive the adoption of large models in edge scenarios [4] - The company is also focusing on the automotive sector with its Drip OS a next generation intelligent automotive product that integrates cockpit autonomous driving and cabin driving fusion [4] Financial Analysis - Revenue is projected to grow from 5 445 million yuan in 2022 to 9 315 million yuan in 2026 with a CAGR of 14 4% [2] - Net profit attributable to shareholders is expected to increase from 470 million yuan in 2024 to 1 117 billion yuan in 2026 with a CAGR of 54 1% [7] - The company s PE ratio is forecasted to decline from 53x in 2024 to 22x in 2026 reflecting strong earnings growth [4] Business Model and Ecosystem - Thundersoft has established a comprehensive ecosystem focusing on "chip + OS + application scenarios" which drives the continuous iteration of its operating systems and expansion of application scenarios [3] - The company collaborates closely with global semiconductor and cloud vendors including Qualcomm Intel and Nvidia to strengthen its technological barriers and market positioning [3][19] - Thundersoft s business model includes IP licensing services and solutions and software centric hardware integrated product sales catering to diverse customer needs [37] AI and Edge Computing - Thundersoft is leveraging AI and edge computing to enhance its product offerings particularly in the AI PC and automotive sectors The company is a key software partner for Qualcomm s Windows on Arm ecosystem and is actively involved in the development of AI PC hardware and software [4] - The company s Drip OS integrates AI large models and provides a complete operating system foundation for intelligent vehicles enabling cross chip heterogeneous platforms and high functional security [135] IoT and Robotics - Thundersoft is expanding its presence in the IoT and robotics sectors offering edge computing solutions and IoT management platforms to drive the long tail development of IoT businesses [147] - The company is also developing robotics solutions leveraging its expertise in AI and edge computing to enable intelligent robots across various scenarios [142] Global Expansion - Thundersoft has a global presence with operations in 16 countries and regions contributing 32 8% of its total revenue from overseas markets in 2023 The company s global strategy focuses on leveraging local talent and market trends to provide tailored solutions [65][66]

然后再自由提问云总您这边先讲一下吧好的谢谢云总请问我的声音能听清楚吗能的能的好的好的谢谢云总主持邀请来参加这个会议大家好我是创造的瑞克 那那这块的话呢我就是先把这个整体的这个整个一个情况来跟最新的还有一些啊整个的一些进展的情况呢跟各位做一个整个的一个汇总啊那个首先从几块来去看一个是说在我们的整个的这个AI能力方面来讲啊 整个就是创造在操作系统和端测智能这块的作为一个战略的推进那么当前我们看到AI确实很多的产品结构发生很大的产业界包括整个端测里边发生很大的机会和一些变化比如随着OpenAI模型的推出对吧然后还有像AI Agent等等逐步的越来越走上 AI里面的重点的关注等等,就有很多的机会。创达在整个AI领域的话,我们一直布局在围绕端特领域。实际上创达的模型能力就是我们本身的AI能力,面向AI的应用场景,分为语音、视觉与图像以及多模态这种的模型。 然后这些模型的能力会跟这些面向AI的端测能力跟我们产品业务的矩阵包括一些垂直的场景密切结合AI实际上是单面向AI过程中有不同的阶段AI相当于AI能够自主行动对理解和推理来自我决策和执行能力类似一个智能体 那么在这个过程中其实我们也一直在AI政策方面有产品的技术和推进比 ...

证券代码：300496 证券简称：中科创达 中科创达软件股份有限公司投资者关系活动记录表 编号：2024-013 | --- | --- | --- | --- | --- | --- | |----------------|-------------------------|--------|----------------------------|---------------------|--------------| | | | | | | | | | | | | | | | | | | | | | | 投资者关系活动 | 特定对象调研 | | □ | 分析师会议 | | | 类别 | □ 媒体采访 □ 新闻发布会 | | □ □ | 业绩说明会 路演活动 | | | | □ 现场参观 | | | | | | | □ 其他 | | （请文字说明其他活动内容） | | | | | 中银基金 | 张令泓 | | 亘曦私募 | 朱登科 | | 参与单位名称及 | 兴银基金 | 张世略 | | 深圳市远望角投资 | 翟灏 | | 人员姓名 | 博道基金 | 高笑潇 | | 上海仙人 | 蒋军杰 | | | 中 ...

| --- | --- | |--------------------|--------------------------------| | | | | 市场数据日期 | 2024-11-20 | | 收盘价（元） | 57.96 | | 总股本（百万股） | 460.01 | | 流通股本（百万股） | 367.04 | | 净资产（百万元） | 9585.93 | | 总资产（百万元） | 11430.83 | | 每股净资产(元 ) | 20.84 | | 来源： WIND | ，兴业证券经济与金融研究院整理 | 主要财务指标 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------|--------|--------|-------|---------------| | ＄ 会计 zy 年 c 度 wzb\| 主要财务指标＄ | 2023 | 2024E | 2025E | 2026E | | 营业收入 ( 百万元 ) | 52 ...