GXSH(SZ:000716) Ge Long Hui·2025-04-10 01:06Core Insights - 2024 is a breakthrough year for Hezhima Intelligent, achieving revenue of 474 million yuan, a 51.8% increase from 312 million yuan in 2023, and successfully turning a profit with a gross margin of 41.1%, up 16.4 percentage points year-on-year [1][2]. Group 1: Performance Review - Hezhima Intelligent has focused on continuous innovation in smart driving technology, solidifying its competitive edge and accelerating the commercialization and mass production of smart driving chips [3]. - The company has upgraded its core IP and overcome performance bottlenecks in computing chips, enhancing the efficiency of smart driving systems through new ISP technology and high-performance NPU [5]. - The company has expanded its market share by deepening partnerships with leading automotive manufacturers and accelerating the commercialization of smart driving technology [5][7]. Group 2: Product and Market Expansion - The Huashan A1000 family of chips has entered full-scale production and is being used in popular models such as Lynk & Co 07EM-P and 08EM-P, while the Wudang C1200 series has secured mass production contracts with major OEMs [7]. - In 2024, Hezhima Intelligent has successfully expanded its business into commercial vehicles and specialized vehicles, focusing on high-speed logistics and enhancing safety systems [7]. - The company has responded to the growing demand for smart driving in commercial vehicles, completing layouts for specialized models and increasing its customer base in this sector [7][8]. Group 3: Future Outlook - 2025 is expected to be a pivotal year for Hezhima Intelligent, with anticipated product upgrades and more project contracts to solidify its market position [9][10]. - The company plans to launch the A2000 series chip, designed for large models, which will significantly enhance the computational efficiency of autonomous driving systems [10]. - The trend of "smart driving equality" is expected to accelerate, with advanced features becoming standard in lower-priced vehicles, providing substantial market opportunities for Hezhima Intelligent [13][14]. Group 4: Technological Integration - Hezhima Intelligent is poised to enter the robotics sector, leveraging the technological similarities between smart vehicles and robotics to expand its market reach [15][17]. - The company is collaborating with various robotics firms to support their products with its chip technology, aiming for mass shipments in the robotics field [17]. - The flexible design of chip architecture and standardized algorithm modules will enable Hezhima Intelligent to penetrate various sectors, including smart transportation and smart industry, creating a "technology leverage effect" [17].