视源股份业绩会：AI+教育解决方案的市场推广正全面提速

Core Viewpoint - The company is considering a Hong Kong listing to enhance its international market presence and brand influence, supporting long-term development with a broader capital platform [1] Financial Performance - In 2024, the company achieved a revenue of 22.401 billion, representing an 11% year-on-year increase, while the net profit attributable to shareholders was 0.971 billion, showing a decline [1] - The decline in net profit is attributed to factors such as reduced customer budgets, intensified market competition, rising raw material costs, and changes in product revenue structure [1] - The overall gross margin decreased but stabilized quarter-on-quarter, with the core business showing structural growth [1] Business Segments - Revenue from smart control components reached 10.274 billion, up 20.37% year-on-year, while revenue from smart terminals and applications was 11.627 billion, increasing by 4.23% [1] - The company is focusing on enhancing the revenue share of high-margin products in smart control components and smart devices, optimizing product design, and strategically stocking raw materials to mitigate price fluctuations [2] AI and Education Initiatives - The company is rapidly promoting AI+ education products, covering schools and teachers, with significant expansion in user scale [2] - As of the end of Q1 2025, the company has established 19 key application demonstration areas, covering over 2,000 schools and generating more than 180,000 reports [2] - The AI lesson preparation system has produced over 350,000 AI lesson plans, significantly improving teacher preparation efficiency and reducing lesson plan generation time [3] Automotive Electronics Development - The automotive electronics sector is a key focus area, with a clear strategic layout and substantial progress following the acquisition of Shenzhen Zhangrui Electronics Co., Ltd. in July 2023 [4] - The company has developed a product matrix covering smart cockpits, vehicle lights, and in-car audio systems, providing core components for major automotive manufacturers [4] Robotics Sector - The company acknowledges the robotics sector requires long-term investment and is maintaining a strategic layout in this area, focusing on key technologies to develop next-generation robots with practical application value [4]