华勤技术半年最高预盈19亿增四成 内生外延并举三年投近148亿研发

Core Viewpoint - The company Huqin Technology (603296.SH) is experiencing significant growth in its operating performance, driven by the global digital transformation and the explosion of artificial intelligence, leading to a positive impact on its business operations [2][3]. Financial Performance - For the first half of 2025, Huqin Technology expects to achieve revenue between 830 billion and 840 billion yuan, representing a year-on-year growth of 110.7% to 113.2%. The projected net profit is between 18.7 billion and 19 billion yuan, with a year-on-year increase of 44.8% to 47.2% [3][4]. - The company's revenue has grown from 308.81 billion yuan in 2018 to an expected 1,098.78 billion yuan in 2024, with a compound annual growth rate (CAGR) of 23.56%. Net profit has increased from 1.82 billion yuan in 2018 to an expected 29.26 billion yuan in 2024, with a CAGR of 58.87% [3][4]. Business Strategy - Huqin Technology employs a dual-driven model of "internal growth + external mergers and acquisitions" to expand its market presence and enhance profitability [2][4]. - The company focuses on core businesses such as smartphones and laptops, while rapidly developing its data center and automotive electronics sectors [4][5]. Research and Development - From 2022 to 2024, Huqin Technology's total R&D investment reached 147.67 billion yuan, with annual investments of 50.47 billion yuan, 45.48 billion yuan, and 51.72 billion yuan respectively [6][7]. - The company employs 16,568 R&D personnel, accounting for 28.44% of its total workforce [8]. Mergers and Acquisitions - In July 2024, Huqin Technology announced the acquisition of 80% of Easy Road Technology International for 28.50 billion Hong Kong dollars, aiming to integrate its strengths in smart product development with the target company's audio and acoustic technologies [6][7]. - The company also acquired 65% of Nanchang Spring and Autumn Electronics for approximately 3.48 billion yuan, further solidifying its market position [7].