Hikvision (002415.SZ): 2Q gradual recovery on overseas and innovative business; Multi-modal AI models to enhance performance; Neutral 13 June 2025 | 9:16PM HKT c45a43530f604d12bcb9a82b5aa6b9f6 Goldman Sachs 2Q25 outlook: We expect Hikvision 2Q25 revenues to grow 5% YoY (vs. 1Q25 at 4% YoY), or 33% QoQ to Rmb24.7bn on better seasonality, and on overseas and innovative business expansion. We model 2Q25 GM at 43.9%, improving from 4Q24 GM at 41.6% as the company is focusing on business with higher margin. We e ...

PALO ALTO, CA, May 28, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) ("we," "us," "our," "Cloudastructure" or the "Company") a recognized leader in AI surveillance and remote guarding solutions today announced that four multifamily communities operated by a respected Colorado-based nonprofit housing authority have chosen Cloudastructure as their security partner. This represents a continued expansion into HUD Housing Choice and affordable housing programs, further strengthening Cloudastructu ...

Core Insights - Cloudastructure has made its first sale of the Mobile Surveillance Trailer Alpha™, marking its entry into the construction sector and expanding its total addressable market (TAM) [1][5] - The company’s AI-powered mobile surveillance solutions are designed to address the growing concerns of theft and vandalism in high-risk job sites, particularly in the construction industry [1][4] Company Developments - The customer, a national contractor in renewable energy, selected Cloudastructure for its reliable live monitoring capabilities, which outperformed their previous provider [2] - The Mobile Surveillance Trailer Alpha™ offers features that are critical for installations in rural areas, including rapid response capabilities [2] Industry Context - Construction site theft is a significant issue, with annual losses estimated between $300 million and $1 billion, and recovery rates for stolen equipment are below 25% [3] - As insurance companies increase scrutiny and premiums for at-risk sites, there is a growing demand for smarter security solutions [4] Product Features - Cloudastructure's mobile surveillance trailer provides 24/7 protection with AI detection and human intervention, achieving a 98% deterrence rate [4] - The platform offers a centralized cloud-based portal for managing surveillance across multiple sites, along with features like real-time AI threat detection and proactive remote guarding [6][7] Market Positioning - The sale of the Mobile Surveillance Trailer Alpha™ validates the demand for flexible, mobile surveillance solutions in underserved markets [5] - Cloudastructure aims to capture market share through its high-margin, recurring revenue model, especially as costs related to theft and insurance continue to rise [5]

证券代码：430198 证券简称：微创光电 公告编号：2025-041 武汉微创光电股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 活动时间：2025 年 5 月 14 日 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动地点：通过全景网"投资者关系互动平台"（http://ir.p5w.net），采 用网络远程的方式举办 2024 年年度报告业绩说明会。 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者。 上市公司接待人员：公司总经理：陈军先生；公司董事会秘书：金桦女士； 公司财务负责人：项晓璐女士；公司保荐代表人：王斌先生。 三、 投资者关系活动主要内容 公司就投资者关心的问题进行了回复，主要问题及回复如下： 问题 1：公司有规划哪些业务的拓展，前景如何？ 回答：公司根据技术和市场的发展变化不断围绕主业进行相关的业务拓展， 努 ...

Core Insights - Vicon Industries has secured a significant new order valued at approximately $1 million from a leading media organization in Saudi Arabia, marking a major milestone for its expansion into the Gulf region [1][4] - The order includes the NEXT Modular Sensor System, which features advanced starlight dome and bullet cameras, Valerus video management licenses, and high-capacity recording servers, all supported by Vicon's software and hardware platforms [2][4] - This deployment is Vicon's first major NEXT deployment in the Middle East, positioning the company as a preferred security technology partner in a rapidly growing market [4] Company Strategy - The contract reflects Cemtrex's continued execution of its 2025 growth strategy, which focuses on innovation, international expansion, and product leadership [4] - The deployment is scheduled to begin this quarter and supports critical broadcast infrastructure across multiple locations, with potential for future orders tied to ongoing infrastructure upgrades [3][4] Product Innovation - The NEXT platform integrates AI-enhanced imaging, real-time communication, and modular design into a rapid-deployment solution, highlighting the growing global demand for intelligent security systems [2][3]

Investment Rating - The investment rating for Hangzhou Hikvision Digital Technology is Neutral, with a target price adjusted to Rmb30 from Rmb33, reflecting a 5.7% expected return [4][21][22]. Core Insights - The company reported 4Q24 results that were in line with preliminary results, with a revenue decrease of 2% YoY to Rmb27.5 billion and a net profit decline of 26% YoY to Rmb3.9 billion [2][10]. - For 1Q25, revenue increased by 4% YoY to Rmb18.5 billion, although it was below expectations [1][11]. - Management plans to focus on higher-margin businesses and maintain strict control over operating expenses [8][21]. - There is an expectation of muted recovery in domestic business for FY25, while overseas and innovative business segments are anticipated to grow stronger [8][21]. Summary by Sections Financial Performance - 4Q24 revenue was Rmb27.5 billion, down 2% YoY, with a gross margin of 41%, down 1.9 percentage points YoY [2][10]. - 1Q25 revenue rose to Rmb18.5 billion, with a gross margin of 43.9%, down 0.8 percentage points [1][11]. - FY24 revenue for the PBG segment decreased by 12% YoY, while the innovation business grew by 21.2% YoY to Rmb22.5 billion [2][10]. Earnings Estimates - FY25-26 earnings estimates have been cut by 11-16% due to lower revenue and margin assumptions [9][13]. - The new revenue estimate for FY25 is Rmb98.986 billion, down 3.2% from the previous estimate [13][14]. Market Position and Strategy - Hikvision is the world's largest supplier of video surveillance products, focusing on innovation and expanding its overseas business [20][21]. - The company has ceased shipments to the US, which previously accounted for about 3-4% of sales, with limited expected impact on overall business [8][21]. Valuation Metrics - The target price of Rmb30 is based on a 20.2x NTM PE, which aligns with the company's 10-year historical average [4][22]. - Current market capitalization is Rmb261.946 billion [4].