研报掘金丨东吴证券：首予千里科技“买入”评级智驾业务放量可期

Core Viewpoint - Qianli Technology's financial indicators are gradually improving, showcasing resilience in profitability during its transformation period. The increase in the proportion of intelligent driving business is expected to continuously optimize the company's profit structure [1] Group 1: Financial Performance - The financial indicators of Qianli Technology are showing gradual improvement [1] - The profitability during the transformation period is highlighted as resilient [1] Group 2: Strategic Transformation - The effectiveness of the strategic transformation is significant, with multiple resources building ecological barriers [1] - The company relies on the Geely Starry Smart Computing Center 2.0, which has a computing power of 23.5 EFLOPS, and the AI-Drive large model can generate complex scenarios at a rate of thousands of kilometers per hour, leading the industry in data iteration efficiency [1] Group 3: Business Development - The technology business is being supplied under the "Qianli Intelligent Driving" brand, with collaborations established with Geely Galaxy and Zeekr models, and plans to gradually open up to third-party car manufacturers [1] - Considering the smooth AI transformation and the expected growth in intelligent driving business, the company is initiating coverage with a "Buy" rating [1]