覆盖70+国家，Coosea酷赛智能深耕新兴市场，把握AI手机增长红利

Core Insights - The global smartphone market is undergoing a restructuring, with local brands in emerging markets such as South Asia, the Middle East, and Latin America accelerating their rise, becoming new growth drivers for the industry [1][2] - Coosea is positioned as a "local brand enabler," capturing the industry benefits of a 63% compound annual growth rate (CAGR) in AI smartphones, establishing itself among the top end-to-end solution providers globally [1][4] Market Potential - Emerging markets are releasing significant potential amid geopolitical and supply chain restructuring, with local brands' shipments expected to grow from 45.6 million units in 2020 to 58.1 million units in 2024, reflecting a CAGR of 6.3%, and projected to reach 68.4 million units by 2029 [2] - Local brands face challenges such as weak R&D, fragmented orders, and high customization demands, creating a market opportunity for Coosea to integrate these fragmented needs [2] Company Strengths - Coosea has built a closed-loop system encompassing product definition, R&D, supply chain, manufacturing, and after-sales service, allowing partner brands to focus on brand operation and channels [4] - The company's core advantage lies in localized insights, such as customizing offline communication features for weak network areas and optimizing AI portrait analysis for regional aesthetic preferences in South Asia [4] - By the end of 2024, Coosea is expected to rank as the second-largest end-to-end solution provider for local smartphone brands by shipment volume, aiming to reach the top position in the first quarter of 2025 [4] Financial Performance - From 2022 to 2024, Coosea's revenue is projected to grow from 1.713 billion yuan to 2.717 billion yuan, with a CAGR of 25.9%, while net profit is expected to rise from 110 million yuan to 207 million yuan, indicating a steady improvement in profitability [4] AI Smartphone Strategy - Coosea is strategically positioned to capitalize on the AI smartphone trend, with a projected global CAGR of 63% from 2023 to 2028, and an expected shipment share of 54% by 2028 [5] - The company has established a "front-end small model + back-end large model" collaborative strategy, integrating capabilities from major players like iFlytek and Google, while deploying a 6 billion parameter edge model for specific tasks [5] Future Outlook - Coosea plans to continue deepening its presence in emerging markets and enhancing AI research and development, leveraging technology to empower local brands and expand its growth boundaries in the AI smartphone wave [5]