Autel(SH:688208) Zheng Quan Ri Bao Wang·2025-04-28 10:42Core Insights - Shenzhen Daotong Technology Co., Ltd. reported a revenue of 1.094 billion yuan for Q1 2025, representing a year-on-year growth of 26.71% [1] - The company achieved a net profit attributable to shareholders of 199 million yuan, with a significant increase of 59.91% year-on-year [1] - Operating cash flow reached 279 million yuan, marking a 35.75% increase compared to the previous year, indicating improved profitability and cash flow quality [1] Digital Maintenance Business - The digital maintenance segment remains the primary growth driver for the company, generating 731 million yuan in revenue for Q1 2025, a year-on-year increase of approximately 24% [1] - Revenue from the TPMS series saw a substantial growth of around 60% [1] - The launch of flagship products such as UltraS2 and the smart analysis product MS909PRO, featuring an AI voice assistant, helps maintain technological leadership in the product line [1] European Market Expansion - Daotong Technology officially became a member of the European Workshop-Net alliance, enhancing collaboration with mainstream automotive service networks in Europe [1] - This partnership is expected to strengthen the penetration of the company's digital maintenance products in the European market [1] - The company was recognized as a "Manufacturing Industry Champion" by the Shenzhen Municipal Bureau of Industry and Information Technology, further solidifying its market position [1] Digital Energy Business - The digital energy segment also performed well, with Q1 2025 revenue reaching 212 million yuan, reflecting a year-on-year growth of approximately 35% [2] - The company secured a significant order from LAZ Parking, the largest commercial parking operator in North America, with an initial cooperation amount of 240 million yuan [2] - This partnership positions Daotong Technology as the exclusive charging pile partner for LAZ Parking [2] AI and Software Business - For the first time, Daotong Technology disclosed AI and software as an independent business segment, merging AI-related revenues from previous categories [2] - Revenue from AI and software business reached 137 million yuan in Q1 2025, showing a year-on-year growth of approximately 36% [2] - The company is focusing on enhancing team capabilities, solutions, customer expansion, and ecosystem development while promoting generative AI solutions in energy and transportation sectors [2] Strategic Focus - Daotong Technology is leveraging AI as a core driver to integrate technological and industrial innovation, enhancing the overall competitive strength across its three main business lines [2]