鼎捷数智(300378)：25H1东南亚市场高增 AI 赋能效果显现

Core Viewpoint - The company reported a steady revenue growth in the first half of 2025, driven by effective resource allocation and AI technology integration, despite some challenges in the mainland China market [1][2][3][4]. Group 1: Financial Performance - In H1 2025, the company achieved a revenue of 1.045 billion yuan, a year-on-year increase of 4.08% [1] - The net profit attributable to shareholders was 45 million yuan, up 6.09% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 9.89% to 36 million yuan [1]. Group 2: Regional Performance - Revenue from mainland China was 476 million yuan, growing by 4.61% year-on-year, although growth was impacted by fluctuations in downstream demand [1] - Revenue from non-mainland China regions reached 569 million yuan, with a year-on-year increase of 3.65% [1]. Group 3: AI Integration and Market Trends - The company is leveraging AI technology to enhance solutions in Taiwan, focusing on trends such as labor shortages, information security, and green manufacturing [2] - In Southeast Asia, the company capitalized on opportunities from Chinese enterprises expanding overseas, resulting in a revenue growth of 60.87% [2]. Group 4: Business Segments - All four major business lines in industrial software embraced AI, with the R&D and design segment achieving a revenue of 57 million yuan, marking an 11.05% increase [3] - The company launched an AI-integrated PLM product, securing nearly 100 client contracts and enhancing customer value [3]. Group 5: AI Product Development - The company increased investment in the Athena digital native platform, enhancing its capabilities and performance [4] - AI business revenue surged by 125.91% in H1 2025, driven by innovative applications that reduced raw material costs by approximately 15% and improved product quality by 8% [4]. Group 6: Future Projections - Revenue projections for 2025-2027 are estimated at 2.540 billion, 2.781 billion, and 3.089 billion yuan, with net profits expected to be 190 million, 234 million, and 287 million yuan respectively [4].