Core Viewpoint - Company achieved significant growth across various business lines in Q1 2025, with all segments exceeding 20% year-on-year growth, particularly in smart IoT and automotive sectors [2][3]. Financial Performance - In 2024, the company reported a net profit of approximately 256 million yuan, a year-on-year increase of about 25.18%. For Q1 2025, the net profit was approximately 51.18 million yuan, showing a slight increase of 0.48% year-on-year [3][10]. - The company's Q1 2025 revenue reached approximately 665 million yuan, reflecting a year-on-year growth of 26.36% [10]. Business Segments - The smart IoT sector saw substantial growth, with significant contributions from leading brand clients in smart robotics, where quarterly shipments and revenue exceeded the total for 2024 [2]. - In the automotive sector, the company experienced notable growth in ADAS and perception chips due to increased market penetration [2]. - The smart security segment has solidified its market position with a comprehensive product lineup [2]. Research and Development - The company invested approximately 602 million yuan in R&D for 2024, a year-on-year increase of about 21.95%, with an R&D investment rate of approximately 25.59% [4]. - For Q1 2025, R&D investment was about 168 million yuan, up 19.8% year-on-year, with an R&D investment rate of approximately 25.24% [4]. Market Strategy - The company is focusing on long-term growth through strategic investments in cutting-edge IP technologies, including high-performance computing and low-power sensors, targeting sectors like smart robotics and smart eyewear [3][4]. - The company has established a global sales strategy, with over half of its sales coming from international markets [5]. Future Outlook - The company is actively evaluating potential investments or acquisitions to enhance its R&D capabilities and product offerings [6]. - The industry is expected to see advancements in AI SoC chips, with increasing demand for efficient, low-power solutions across various applications, including smart security and automotive sectors [8][9].
星宸科技：4月29日召开业绩说明会，投资者参与