从智能工厂里自我预警的机械臂，到飞驰自动驾驶汽车上的"火眼金睛"，所有这些智能场景的源头，都离不开一枚枚微小的"感知神经"——智能传感器。随 着5G与AIoT浪潮席卷千行百业，作为产业智能化基石的智能传感器正步入高速增长期。 近日，深耕该领域二十余年的广东奥迪威传感科技股份有限公司(920491.BJ)（以下简称"奥迪威"）启动赴港二次上市，旨在借助资本市场之力，在这场"感 知之战"中抢占有利位置。 业绩稳健增长，业务结构集中 据招股书显示，奥迪威是智能传感与精密执行解决方案提供商，业务覆盖智能家居、智能汽车、智能终端与智能制造等领域。其采用IDM（集成器件制造） 模式，实现了从敏感材料、换能芯片、算法到精密制造的垂直整合，构筑了自主可控的技术链条。 公司主要提供各类定制化传感器、精密微型执行器及相关模组产品。据弗若斯特沙利文报告显示，2024年公司在多项市场统计中位居前列：智能家居传感器 收益位列中国第二；汽车超声波传感器与执行器出货量排名全球第三；传感器总出货量在中国市场排名第五；汽车传感器出货量居中国第三。 此外，公司已实现新一代AKII车载超声波传感器的量产，该产品可支持ADAS/AVP功能，公司亦成 ...

此外，公司已实现新一代AKII车载超声波传感器的量产，该产品可支持ADAS/AVP功能，公司亦成为国内率先实现此类传感器量产的企业之一。基于其产品 布局与技术整合能力，公司致力于在人工智能与物理世界交互的各类场景中拓展市场应用。 业绩方面，公司营收保持快速增长。2022年、2023年及2024年，奥迪威的收益分别为3.78亿元（人民币，下同）、4.67亿元及6.17亿元，复合年增长率为 27.8%。 从智能工厂里自我预警的机械臂，到飞驰自动驾驶汽车上的"火眼金睛"，所有这些智能场景的源头，都离不开一枚枚微小的"感知神经"——智能传感器。随 着5G与AIoT浪潮席卷千行百业，作为产业智能化基石的智能传感器正步入高速增长期。 近日，深耕该领域二十余年的广东奥迪威传感科技股份有限公司(920491.BJ)（以下简称"奥迪威"）启动赴港二次上市，旨在借助资本市场之力，在这场"感 知之战"中抢占有利位置。 业绩稳健增长，业务结构集中 据招股书显示，奥迪威是智能传感与精密执行解决方案提供商，业务覆盖智能家居、智能汽车、智能终端与智能制造等领域。其采用IDM（集成器件制造） 模式，实现了从敏感材料、换能芯片、算法到精密制造 ...

Group 1 - The company achieved revenue of 330 million yuan in H1 2025, representing a year-over-year increase of 16%, with a net profit attributable to shareholders of 50.47 million yuan, up 8% year-over-year [1] - In Q2 2025, the company reported revenue of 173 million yuan, an 8% year-over-year increase and a 10% quarter-over-quarter increase, with a net profit of 27.46 million yuan, up 4% year-over-year and 19% quarter-over-quarter [1] - The company's cash flow from operating activities improved significantly, reaching 44.46 million yuan in H1 2025, a 73% year-over-year increase, while maintaining good control over expense ratios [1] Group 2 - Sensor revenue increased by 29% in H1 2025, driven by continuous R&D investment and product upgrades, while actuator revenue decreased by 33.16% due to reduced sales of electroacoustic devices [1] - Domestic revenue grew by 30% in H1 2025, while overseas revenue remained stable, indicating the company's efforts to expand in the domestic market [1] - R&D expenses increased by 12% in H1 2025, with an R&D expense ratio of 8.1%, reflecting the company's commitment to innovation and industry collaboration [2] Group 3 - The company launched several new products, including ultrasonic distance measurement solutions for lawnmowers and lead-free innovative products for smart devices, which are expected to drive revenue growth [2] - The company is well-positioned to capitalize on opportunities in automotive intelligence, consumer electronics, robotics, and medical fields, which may lead to sustained performance growth [3] - Profit forecasts for the company indicate net profits of 98 million yuan, 124 million yuan, and 147 million yuan for 2025, 2026, and 2027 respectively, with corresponding PE ratios of 47.8, 37.8, and 31.8 [3]

Summary of Audiwei's Conference Call Company Overview - **Company**: Audiwei - **Industry**: Sensor and Actuator Technology Key Financial Performance - **Revenue Growth**: 2025 H1 revenue increased by 16.26% year-on-year, reaching 330 million CNY [2][20] - **Net Profit**: Net profit rose by 7.8% to 50.47 million CNY, with a non-recurring net profit growth of 12% [2][20] - **Cash Flow**: Operating cash flow surged by 73.07% [2][20] - **Gross Margin**: Gross margin stood at 35.42% [4][20] - **R&D Investment**: R&D expenses grew by 12.29%, accounting for 8.08% of revenue [2][5] Business Segmentation - **Sensor Business**: Contributed 83.51% of total revenue, with a 29% year-on-year growth driven by smart driving, industrial control instruments, and robotics [7][23] - **Actuator Business**: Accounted for 13.26% of total revenue, facing a decline due to reduced demand in electroacoustic devices and overseas security orders [7][26] R&D and Technological Advancements - **Core Technologies**: Focus on smart sensors and actuators, including sensitive materials, transducer chips, and intelligent algorithms [8][10] - **New Applications**: Expansion into AI server liquid cooling systems, underwater robots, and lawn mowing robots [2][17] - **Liquid Cooling Technology**: Achieved breakthroughs with dynamic management and vortex technology, targeting a gross margin of 40%-50% [2][28][32] Market Strategy and Future Outlook - **Five-Year Strategy**: Aim to become a major player in the international market, enhancing AI capabilities and extending product lifecycles [3][22] - **Export Market**: Approximately 40%-50% of business comes from exports, with a focus on simultaneous development in domestic and international markets [9] Emerging Trends and Applications - **AI Integration**: Products are evolving towards digitalization, intelligence, integration, and miniaturization to meet AI embedding needs [21][10] - **New Product Development**: Introduction of micro jet fans and pumps for electronic wearables, and liquid cooling sensors for AI systems [14][27] Challenges and Risks - **Actuator Business Decline**: The actuator segment is experiencing a downturn due to cyclical demand and external factors like tariffs [26] - **Market Environment**: The company is adapting to changing procurement strategies from clients, moving towards just-in-time ordering [26] Conclusion - **Overall Performance**: Audiwei's financial health appears robust with significant growth in revenue and cash flow, although challenges in the actuator segment and market conditions warrant close monitoring [20][26]