Core Insights - Youjia Innovation (佑驾创新) reported a strong performance in its 2024 annual results, showcasing high growth and quality in the smart driving sector, indicating improved business capabilities and accelerated global expansion [1][2] Financial Performance - The company achieved a total revenue of 654 million yuan in 2024, representing a year-on-year growth of 37.4% [1] - Revenue from smart driving solutions, the main revenue driver, reached 484 million yuan, up 25.2% year-on-year; revenue from smart cockpit solutions surged from 18 million yuan to 104 million yuan, marking an impressive increase of 467.8% [1] - Gross profit for 2024 was 105 million yuan, a 54% increase year-on-year; adjusted net loss narrowed from 185 million yuan in 2023 to 167 million yuan, a reduction of 9.8% [1] Global Expansion Strategy - The company is actively pursuing a global strategy while consolidating its domestic market presence, with its solutions being selected by multiple OEMs for export models to regions including the EU, Australia, Singapore, Malaysia, India, Dubai, and Turkey [2] - Partnerships with global industry players, including a collaboration with a leading Tier 1 automotive parts supplier, have been established to penetrate international OEM supply chains [2] - A subsidiary has been set up in Singapore to enhance technical services and customer outreach, expanding overseas market opportunities [2] Technological Advancements - In February, the company successfully delivered an L4 autonomous driving minibus, achieving breakthroughs in end-to-end large model technology [2] - A robotics subsidiary was established in March, entering the trillion-yuan robotics market and creating new growth avenues [2] - The company is set to deliver its high-level domain control product, iPilot 4, which supports integrated "driving, parking, and cockpit" functionalities within the year [2] Market Reception - The strong performance and growth potential have attracted capital market interest, with the company's stock price doubling within four months post-listing and being included in the Hong Kong and Shenzhen Stock Connect programs [2] - On the day of the earnings report, the stock price peaked at 39.5 HKD per share, reaching a historical high with a trading volume exceeding 520 million HKD [2] Future Focus - The company plans to concentrate on technological innovation and solution optimization, expand its global market footprint based on its Chinese foundation, and implement a dual-driven strategy of "autonomous driving + robotics" for sustained growth [3]
佑驾创新(02431)2024财报：收入同比提升37.4% “舱驾一体”打开向上空间