shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： shuinu9870 更多一手调研纪要和研报数据加V： November 27, 2024 10:51 AM GMT M Update Investor Presentation | Asia Pacific Greater China Semiconductors: AI Is Hot, But Any Clouds? shuinu9870 Morgan Stanley Taiwan Limited+ Charlie Chan Equity Analyst Charlie.Chan@morganstanley.com +886 2 2730-1725 Daniel Yen, CFA Equity Analyst Daniel.Yen@morganstanley.com +886 2 2730-2863 Ray ...

各位投资人上午好我是华泰电子和计算机的首席分析师谢春生今天的话我们给大家汇报一下我们最新关于整个科技特别是在AI这边的一些观点给大家汇报一下今天我们一起汇报包括我同事丁宁和胡宇舟我们三位一起给大家做一个汇报 那我们今天汇报的题目呢就是关于整个AI产业在目前全球的创新的情况以及在中国的创新那到底在这个AI产业当中结合中国的国产化的这个进度那中国在AI产业当中将会有哪些特色的一些创新我想也是我们 在接下来这一年当中重点关注的一个视角下面我就开始汇报一下我们关于全球AI产业包括中国的一些进展一些新的观点 首先的话呢从终极结论去看那么我们先从两个角度一个是从全球AI的产业的节奏第二个的话呢是从中国A股的股价节奏两个视角我们去看整个这个产业到底进展到什么一个程度了那如果说是从全球的这个AI产业演化的节奏去看的话呢其实在过去的 这两年时间里面大家也看到在过去这两年时间里面AI其实从基础的算力到应用不断的会有些新的东西出来那如果我们把过去的这两年AI的产业做一个总结的话那基本上在2023年是整个全球AI产品化的阶段那么今年2024年是全球AI做商业化的一个阶段 那么这是从全球的角度去看中国AI产业的节奏其实从目前看下来大概 ...

shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 shuinu9870 更多一手调研纪要和研报数据加V： shuinu9870 更多一手调研纪要和研报数据加V： V i e w p o i n t | 27 Nov 2024 01:50:16 ET │ 12 pages Hesai Group (HSAI.O) 4Q24/2025E Sales and Earnings Outlook shuinu9870 CITI'S TAKE 更多一手调研纪要和研报数据加V： We host Hesai's business update call today. Mgmt. expects (1) 4Q GAAP NP to achieve US$20mn; (2) FY24E non-GAAP NP to be positive; (3) 2025E delivery more than 1mn units primarily contribut ...

AI 智能眼镜最新观点分享 20241128 摘要 • 2024 年全球 AI 智能眼镜销量预计为 300 万副，主要由瑞邦煤炭等厂商在 北美市场贡献，而 2025 年预计将增长至 500 万至 1,000 万副，主要增长 动力来自门卡等品牌的全球销售以及小米、三星等厂商的市场拓展。 • 2026 年 AI 智能眼镜市场规模有望达到 1,500 万副以上，主要受益于门卡 全球销售的全面铺开，以及小米、华为、三星等厂商第二代产品的推出， 苹果等巨头也将正式进入市场，推动市场爆发。 • AI 智能眼镜产业链主要环节包括光学显示、组装、SOC 和品牌厂商，其中 国光天健等公司在光学显示领域占据领先地位，而组装和 SOC 环节的成本 占比最高，竞争也最为激烈。 • 2023 年全球框架眼镜出货量约为 15.6 亿副，近视人群约 27 亿。中国消 费者对眼镜价格敏感，2000 元以上价位段销量仅占 1%。海外市场墨镜销 量远大于近视眼镜，与国内市场差异显著。 • 中期 AI 智能眼镜出货量预计达 3 亿至 4 亿副，高端墨镜和近视眼镜市场 渗透率提升是关键。高端墨镜渗透率可能达到 20%-30%，高端近视眼镜渗 透率可 ...

Hello 大家好很高兴可以有这个机会再见面我是投报研究院行业分析师黄翁履欢迎收看本期投报带你读研报的节目今天我们一起来探讨一下中国智能座舱行业的发展动向投报研究院持续关注市场上各行业的发展动向搭建专业报告数据库坚持多年关注产业热点焦点事件持续产出最新行业研究报告同时提供专业的咨询服务 如果有行业调研市场低位调研的需求可以联系我们得益于汽车行业对于智能化的重视以及消费者对于高科技配置的需求增长智能座参客模块功能配置率均呈现上升趋势由于整车功能复杂度的持续提升以及终端用户对于车内空间数字化个性化需求不断升级 从车载显示端出发近年来呈现出明显的大频化与多频化趋势智能座舱围绕人端无感交互进行升级从2022至2023年变动情况来看2023年全年累计智能座舱渗透率突破60%外来随着软件利益汽车的发展趋势愈发明显渗透率将实现持续上升那么接下来我们会从中国智能座舱行业发展现状 产业链定格局以及具备发展潜力的泄奔赛道并结合目前智能座舱的舱大容和趋势以及AI赋能情况来深入挖掘剖析建在整个市场中具备竞争实力以及投资价值的企业那么首先在2023年6月至2024年5月 智能座舱市场供发生了投融资事件16起涉及到了智能座舱产业链的多环 ...

Key Points Industry Overview 1. **Industry Focus**: The report focuses on the analysis of edge AI application scenarios in China. 2. **Edge AI Definition**: Edge AI is a form of AI that emphasizes local application on devices to reduce reliance on cloud services, achieving faster response times, better privacy protection, and lower network requirements. 3. **Market Size**: The Chinese edge AI market has already exceeded 100 billion yuan in 2023 and is expected to further expand. 4. **Industry Status**: Major technology industries in China have increased investment in edge AI and achieved significant results. 5. **Application Scope**: Edge AI covers four application layers: AI-driven system integration, AI acceleration of operating systems, practical functions like image processing and document summarization, and collaboration between edge and cloud AI. Development and Market Trends 1. **Edge AI Categories**: The industry can be categorized into five types based on model training methods: natural language processing, computer vision, intelligent speech, multimodal processing, and scientific computing. 2. **Development Timeline**: In 2019, Alibaba integrated edge AI technology into most of its mobile applications, with over 20 apps using M&N inference engines. Huawei integrated the Pangu large model into its Hongmeng system in 2023, providing smarter device interaction. 3. **Market Growth**: The Chinese edge AI market reached 193.9 billion yuan in 2023, with an annual average growth rate of 116.3% from 2018 to 2023. 4. **Key Applications**: Smart security and smart vehicle equipment are important application areas for edge AI. 5. **Emerging Trends**: AI smartphones and AI PCs are emerging, driven by the large market demand, which will support the rapid development of the edge AI industry. Industry Chain and Technology 1. **Upstream Industry Chain**: Focuses on core technology and hardware provision. 2. **Midstream Industry Chain**: Includes system integration and software development. 3. **Downstream Industry Chain**: Includes application fields and services. 4. **Key Factors**: China's computing power scale, AI framework usage rate, and comparison of various AI chips. 5. **Market Size**: The Chinese AI server market reached 91 billion yuan in 2023, with an expected annual growth rate of 10.2%. Business Models and Key Players 1. **Business Models**: B2B and B2C hardware device integration sales, consulting services, industry customization solutions, government cooperation projects, technology licensing, and subscription services. 2. **Key Players**: Internet companies, AI companies, and central enterprises. 3. **Competitive Landscape**: Tiers based on market power, including solution providers, products, and software services. 4. **Representative Companies**: Huawei, SenseTime, and Zhipu AI. Challenges and Opportunities 1. **Challenges**: Limited edge AI model parameters due to high power consumption of device chips, insufficient storage, and limited computing power. 2. **Opportunities**: The rise of edge AI, edge computing, and AI Agents as driving factors for industry development. 3. **Policy Support**: The Chinese government provides strategic support, computing power infrastructure, guidance services, service planning, and application scenario innovation to promote the development of edge AI. Future Outlook 1. **Market Growth**: The Chinese edge AI market is expected to reach 79 billion yuan by 2028. 2. **Technology Trends**: The integration of edge AI with 6G networks and the rise of AI Agents. 3. **Competitive Landscape**: The industry is expected to see further consolidation and innovation in technology and applications.

大家好我是华经传媒互联网的分析师宁爽今天跟大家会再汇报一下近期这个AI行业的一些情况大家也可以看到近期整个的这样的一个A股的跟AI相关的这些标的还是表现的比较活跃的表现的比较活跃的然后呢也是因为就是前一阵这个Apple的这个 这个事儿的影响让大家也是更清晰的意识到整个AI对于产业尤其是在2B端的这样的一些影响和它切实能够带来的这样的一个利润率或者说收入还有利润本身的一个提升在这样的一个背景下然后这样的一个整个对于AI在国内的一个投资思路 这个市场上的也出现了一种啊这种新的一个声音啊那简单来说呢一般大家把它称作啊就是说呃原先啊大家更关注的是这个AI家啊这么一个场景那现在呢更多的是在寻找啊所谓家AI的这么一个标的 我们先简单的总结一下所谓的AI加跟加AI到底都是什么意思有什么区别那AI加大家肯定之前已经听的比较多了从去年整个AI板块爆火起来OpenAI,TransBT这些 这个产品出现之后呢一直是大家比较关注的一个方向同时呢我们也觉得也是大家过度关注的一个方向一直期待这样在所谓的这样的一个AI家的领域出现一些新的一个突破具体而言呢其实可以简单的归纳成这么几点首先AI家的一个 基本的要素就是还是说在这个AI端出现这 ...

的一个发展然后呃那那我们也呃其实我们在年初去推荐马特的一个核心的一个观点就是我们认为这种呃这个因为他的一个主要的一个人群其实还是年轻人嘛然后年轻人其实呃有有有很很大一部分人他其实是不会太受到整个经济的一个影响包括其实 还有一部分人其实是在这种压力比较大或者是在目前的这种状况下其实是更愿意去花费一些支出在这种能够带来体积价值的一些产品上所以Jellycat能够卖一个四五百块钱一个小小的一个抚慰的玩偶然后包括泡泡的这个拉布布的这个毛绒产品其实也是在今年以非常非常高速的这个增速在增长 啊所以其实这些我们觉得都是一些这个这个原因然后包括后续的话我们也是建议大家关注啊一个是手上有ip的包括像这个上海电影奥菲然后泡泡呃这个呃等等呃一些一些公司然后第二个的话就是就是本身确实有这个供应链和产品方面的一些呃呃资源然后这个 然后这个是这个是第一块然后第二块的话就是就是我们也看到这个嗯泡玛特的这个股价在这两天其实表现出了非常超额的这个这个 然后我们也对它进行一个这个原因的一个复盘首先就是我们其实在11月11号的时候就是我们又进行了一次这个强烈的一个推荐其实我们也是看到了一些这个近期的不管是产品还是数据的趋势看到它刺激度的一个确定性 ...

Summary of Conference Call Company and Industry - The discussion revolves around the marketing industry, specifically focusing on the integration of AI in advertising and marketing strategies. The company mentioned is likely involved in digital marketing and advertising services, leveraging AI technologies to enhance efficiency and profitability. Core Points and Arguments 1. **AI in Marketing**: The CEO highlighted the growing importance of AI in marketing, particularly in enhancing advertising efficiency and effectiveness. Companies like APP Marvin are cited as examples of successful AI integration in marketing strategies [1][2][3]. 2. **Profitability through AI**: The company has shifted its focus to AI-driven advertising, which has shown potential for significant profit increases. The CEO mentioned that AI can enhance revenue generation by improving ad targeting and reducing costs [2][4]. 3. **Enhanced Targeting with AI**: AI allows for more granular targeting of advertisements. The traditional method of categorizing users with limited tags has evolved into a more sophisticated system that can analyze user behavior and preferences in real-time [3][16]. 4. **Increased Ad Inventory**: With AI, the number of ads shown to users can increase significantly without raising costs, leading to higher revenue per ad placement. For instance, the CEO noted that ad placements could rise from 3 to 23 ads for a user, thereby increasing overall ad revenue [4][5]. 5. **Efficiency Improvements**: The company reported a ninefold increase in advertising efficiency compared to the previous year, with a 40% revenue growth in a specific segment [5][14]. 6. **AI Tools for Small Clients**: The company is developing AI tools aimed at small and medium-sized clients, allowing them to compete more effectively in the advertising space. This includes providing tracking and content generation services [6][7]. 7. **Collaboration with Mobile Manufacturers**: The company is actively engaging with mobile manufacturers to integrate AI solutions into their platforms, aiming for commercial partnerships that leverage AI capabilities [8][9]. 8. **Commercialization of AI Solutions**: The CEO discussed various commercial applications of AI, including creating intelligent agents that connect consumer queries directly to service providers, enhancing customer service and engagement [9][10]. 9. **Market Dynamics**: The CEO emphasized the changing landscape of digital advertising, where traditional giants are facing challenges due to shifts in consumer behavior and data utilization. This presents opportunities for companies that can adapt quickly [13][20]. 10. **Emerging Platforms**: The company views platforms like Xiaohongshu (Little Red Book) as new growth opportunities, as they are more open to innovative advertising solutions compared to established platforms [20][21]. Other Important Content - **AI's Role in Cost Reduction and Revenue Growth**: The discussion highlighted that AI not only reduces costs but also opens new revenue streams, indicating a dual benefit for the marketing industry [6][12]. - **Future Outlook**: The CEO expressed optimism about the future of AI in marketing, suggesting that ongoing advancements will continue to drive profitability and operational efficiency [14][18]. - **Comparative Efficiency**: The CEO noted that while AI has the potential to enhance efficiency in both domestic and international markets, the current landscape in China is particularly ripe for such advancements due to existing data utilization practices [15][19]. This summary encapsulates the key insights from the conference call, focusing on the integration of AI in marketing and its implications for profitability and operational efficiency.

各位投资者大家晚上好然后这个也是我们最近第四次去讲AI应用这一块对其实前面几周前面两周其实我们已经反复讲过AI应用的一些核心标的大票的强性360大于经常办公大于扩大讯飞然后小票的公司相对小市值的公司那么包括焦点科技温达医疗自行软件 顶级数字等等都是非常不错的至少我今天拉了一下就是我们推荐的这些AI应用公司平均在过去两周的就是算一个平均的一个账户大概接近16个点17个点左右这还不错我觉得最核心的一个点就是跟我们前面讲AI应用的一个大的一个逻辑是什么呢就包括我在过去的几周的一个路演我觉得核心有几点问题可能是我们值得我们重点去思考的 第一点的话就是说为什么我们在当下的这个时间点上那很多人在等随化或者说等各种各样的问题去买AI应用但是我觉得当下投资AI应用的最大的一个机会或者最大的一个必要性是什么呢就是我们看到了全球的AI应用都发生了非常积极的一个变化首先呢就是这个应用数据的一个 包括在财报端的一个反应就是大家能看到很多公司对于营收的一个拉动当然这一点的话可能在美国大家会看得跟美股上面的上市公司可能会看得更清楚一点但是很多这种美国的一些突创的公司这种流量用户跟收入的一个数据的话那么 根据我们自己从这种数据的一个统计就 ...