【私募调研记录】博普科技调研龙旗科技

Group 1 - The core viewpoint is that Longqi Technology's smartphone business revenue is expected to grow with the increase in ODM penetration rate, and gross margins are gradually improving [1] - AI glasses are driving a 45% year-on-year growth in the IoT business, with mass production projects secured from leading domestic and international clients [1] - R&D expenses are increasing due to investments in new businesses such as AI PCs and automotive electronics, but long-term expense ratios are expected to decline [1] Group 2 - The target for AI PCs is to account for 30% of total revenue by 2030, while automotive electronics have already begun mass production and delivery [1] - By 2030, non-mobile business revenue is projected to account for 60% of total revenue [1] - The manufacturing base in Vietnam is performing well, and local partnerships in India are being evaluated for potential factories in North America and Europe [1] Group 3 - The company is focusing on key markets in North America, Europe, Japan, and South Korea [1] - An investment has been made in Zhiyuan Robotics to advance the application of "robotics + AI" production lines [1] - Shareholder reductions are due to fund expirations and do not affect ongoing collaborations [1]