科达自控分析师会议-20250619

Report Summary 1. Reported Industry and Company - The industry under research is software development, and the company is Keda Automation Control [2][8] 2. Participating Research Institutions - The participating institutions include securities companies such as Huayuan Securities, insurance asset management companies like Taikang Asset, and numerous fund management companies including Tianhong Fund, E Fund, and Boshi Fund [2][9] 3. Core Views - The company focuses on the intelligentization of the mining industry, with products and services in areas such as unmanned driving in mines and special robots for mines [16][22] - The company aims to strengthen its leading position in the main business, promote the development of the new energy charging and swapping business, and explore a third growth pole [25][26] 4. Key Content Summaries 4.1 Unmanned Driving in the Smart Mining Industry - Open - pit Mines: Unmanned driving is in the experimental stage and not in the procurement list. The company's auxiliary driving system is in the procurement list, with products iterated to the 4th generation and technology close to L2 - level [16] - Underground Mines: Due to complex conditions, the application progress is slower. The company provides an auxiliary transportation intelligent system and participates in a national R & D project that has entered the market promotion stage [17] 4.2 Main Customer Group for Mining Unmanned Driving - The core customers are mining enterprises. The company uses a "platform first, terminal adaptation" strategy to provide a high - adaptability overall solution [19] 4.3 Differences from Intelligent Driving Companies - The company provides a systematic solution covering multiple aspects, while intelligent driving companies focus on vehicle - body core technologies. Currently, there is no direct competition, and future cooperation is possible [20] 4.4 Special Robot Business - Since 2019, the company has increased R & D investment in robots. Multiple inspection and transportation robots have been applied in coal mines. The company is breaking through core component technologies and has set up a subsidiary in Hangzhou to promote the R & D and implementation of embodied intelligent robots [22][23] 4.5 Future Business Development Plan - Focus on the strategic positioning of "smart mines as the main, smart municipal as the auxiliary, and 'Internet of Things +' as the guide", promote the application of embodied intelligence in mines [25] - Accelerate the promotion of the new energy charging and swapping business across the country to increase its revenue share [26] - Explore and cultivate a third growth pole based on technological innovation [26]