研报掘金丨国盛证券：维持中科创达“买入”评级，AI端侧成为重要成长动力

Core Insights - The report from Guosheng Securities highlights that Zhongke Chuangda achieved operating revenue of 3.299 billion yuan in the first half of 2025, representing a year-on-year growth of 37.44% [1] - The net profit attributable to shareholders of the listed company reached 158 million yuan, marking a year-on-year increase of 51.84% [1] - The smart IoT business is experiencing rapid growth, confirming the ongoing trend of prosperity in edge AI industries [1] Business Strategy - The company is focusing on a hybrid AI approach that is applicable to nearly all generative AI applications and terminal fields [1] - Zhongke Chuangda is integrating existing products, technologies, and development elements with edge intelligence to position edge intelligence as the core foundation for the development of all-scenario smart terminals [1] - Over the years, the company has leveraged its positioning and ecological advantages to expand partnerships with leading players in the industry chain, including chip manufacturers, operating systems, and cloud vendors [1] Market Expansion - The company is actively exploring global markets, creating new sources of revenue [1] - The report maintains a "buy" rating for the company's stock, indicating positive investor sentiment [1]