Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the next 12 months [6]. Core Insights - The company has a solid foundation with continuous revenue growth across various business segments, including consumer computers, rugged smart terminals, XR, and AIoT [1][5]. - The AIoT segment has seen a remarkable revenue increase of 579.67% year-on-year in the first half of 2024, driven by increased R&D investment and market expansion [1]. - The company is committed to advancing its "AI+" strategy, which is expected to create new growth opportunities, particularly in the AI glasses market, projected to reach annual sales of 55 million units by 2029 [1][5]. Summary by Sections Business Performance - In the first half of 2024, the rugged smart terminal segment generated revenue of 1.39 billion yuan, a year-on-year increase of 1.90% [1]. - The consumer computer and tablet business achieved revenue of 837 million yuan, reflecting a year-on-year growth of 0.98% [5]. Financial Forecast - The company forecasts revenues of 2.85 billion yuan, 3.14 billion yuan, and 3.45 billion yuan for 2024, 2025, and 2026, respectively, with corresponding EPS of 0.92, 1.03, and 1.15 yuan [6][8]. - The projected revenue growth rates are 10% annually from 2024 to 2026 [8]. Market Position and Strategy - The company has established a subsidiary focused on XR product development and has formed partnerships with major AR and XR clients, enhancing its market position [1]. - The AI PC segment is expected to see significant growth, with global shipments projected to reach 51 million units in 2024 and 208 million units by 2028 [1][5].
亿道信息：公司动态研究报告：业务收入持续增长，“AI+”战略坚定推进