创维5G云平板电脑

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【创维数字(000810.SZ)】AI+产品陆续推出,分派红利持续回报股东——跟踪报告之四(刘凯/王之含)
光大证券研究· 2025-03-22 14:46
Core Viewpoint - The company is facing significant challenges in its financial performance for 2024, with a projected decline in net profit and operating revenue due to market competition and pricing pressures in its product segments [2]. Financial Performance - The company forecasts a net profit attributable to shareholders of 210-290 million yuan for 2024, representing a year-on-year decline of 65.12%-51.83% [2] - The non-recurring net profit is expected to be 165-245 million yuan, reflecting a decrease of 70.46%-56.13% year-on-year [2] - Basic earnings per share are projected to be between 0.18-0.25 yuan [2]. Dividend Distribution - In Q3 2024, the company plans to distribute a cash dividend of 0.8 yuan per 10 shares, based on a total share capital of 1.14 billion shares after excluding repurchased shares [3]. - The total cash dividend payout is estimated to be 91.33 million yuan [3]. Product Development - The company has entered the cloud computer market in 2023, launching four competitive products: a modular all-in-one machine, a cloud computer all-in-one machine, a cloud laptop, and a 5G cloud tablet [4]. - The modular all-in-one machine focuses on cost-effectiveness, while the cloud computer all-in-one emphasizes design and user experience [4]. - The cloud laptop targets the mid-to-high-end market, appealing to business professionals with its portability and lightweight design [4]. Strategic Partnerships - The company has collaborated with NEX to launch an AI gaming box, which has exceeded sales expectations, particularly in the North American market [5]. - The NEX Playground gaming box combines advanced 4K display technology and AI solutions from the company with NEX's innovations in AI software and gaming content [5]. - Sales in the U.S. market are projected to surpass 140,000 units in 2024 [5].