Core Insights - The 2025 IAA Mobility exhibition in Munich showcased the advancements in smart automotive technology, with Hezhima Intelligent presenting its innovative solutions for AI-driven smart vehicles [2] - Hezhima Intelligent introduced its safety intelligent foundation solution, which utilizes the Wudang C1200 family of cross-domain integration chips to enhance vehicle safety and reduce development costs [2] - The company emphasized the importance of integrating electronic and electrical architectures to facilitate seamless upgrades from entry-level to flagship models [2] Group 1 - Hezhima Intelligent's Wudang C1200 family of chips is central to its safety intelligent foundation solution, providing hardware security isolation and compatibility throughout the product lifecycle [2] - The Wudang C1200 solution aims to significantly lower development costs and shorten development cycles for automotive manufacturers [2] - The company is collaborating with leading global automotive firms to explore the future of smart vehicles powered by AI [2] Group 2 - The Huashan A2000 chip family was highlighted for its high performance and efficiency, integrating multiple functional units for advanced AI applications [3] - The Huashan A2000 platform supports a robust driving assistance technology foundation, ensuring optimal performance and flexibility [3] - Hezhima Intelligent's Wudang C1236 and C1296 chips are recognized for their capabilities in navigation assistance and multi-domain integration, respectively [3] Group 3 - The C1296 cross-domain integration solution has gained market recognition, with plans for mass production in multiple new models from Dongfeng Motor by the end of 2025 [4] - The Huashan A1000 family also showcased a mature software ecosystem, with successful applications in various vehicle models [4] - Hezhima Intelligent's dual-driven model of chips and solutions aims to provide cost-effective and reliable driving assistance technologies for the automotive industry [4]

Group 1 - The 2025 IAA Mobility exhibition in Munich showcased Black Sesame Intelligence's various chips and solutions, focusing on AI-driven smart vehicles [1] - Black Sesame introduced the "Safe Intelligent Foundation" solution, which utilizes the Wudang C1200 family of cross-domain integration chips to address safety and cost challenges in automotive cross-domain integration [1][2] - The Wudang C1200 family includes the C1236, the first domestic SoC chip supporting navigation-assisted driving, and the C1296, the industry's first multi-domain integration computing chip [2] Group 2 - The Huashan A2000 chip sample was a highlight, integrating CPU and NPU functionalities, and is designed to support advanced driver assistance systems and robotics [1][2] - The production results of the Huashan A1000 family have been successfully implemented in multiple vehicle models, including Geely Galaxy E8 and Dongfeng Yipai eπ007 [2] - Black Sesame aims to drive innovation and global collaboration in the automotive industry by providing cost-effective and reliable advanced driving assistance technology [2]

Core Insights - The 2025 IAA Mobility in Munich showcased the advancements in smart automotive technology, with Hezhima Intelligent presenting its capabilities in AI-driven smart vehicles [1] Group 1: Product Innovations - Hezhima Intelligent introduced its "Safe Intelligent Base" solution, addressing safety and cost challenges in cross-domain integration for automotive companies [3] - The Wudang C1200 family of chips serves as the core of the "Safe Intelligent Base," enabling seamless upgrades from entry-level to flagship models [3] - The Huashan A2000 chip family was highlighted for its high performance and efficiency, integrating multiple processing units for advanced driving assistance [4] Group 2: Market Collaborations - Hezhima Intelligent is collaborating with various partners, including the team led by Liu Sheng from Wuhan University, to develop humanoid robots and dexterous hands [4] - The Wudang C1200 family, particularly the C1236 and C1296 chips, has gained market recognition, with multiple automotive companies developing cross-domain solutions based on these chips [5] - The C1296 chip is set to be the first mass-produced chip platform for integrated cockpit and driving assistance solutions, with plans for production by the end of 2025 [5] Group 3: Commercialization and Ecosystem - The Huashan A1000 family has demonstrated successful commercialization, with chips already integrated into several vehicle models, including those from Geely and Dongfeng [6] - Hezhima Intelligent's dual approach of "chips + solutions" aims to provide cost-effective and reliable driving assistance technologies [6] - The company emphasizes innovation and open collaboration to enhance the automotive industry's auxiliary driving technology [6]

Core Insights - 2024 is a breakthrough year for Hezhima Intelligent, achieving revenue of 474 million yuan, a 51.8% increase from 312 million yuan in 2023, and successfully turning a profit with a gross margin of 41.1%, up 16.4 percentage points year-on-year [1][2]. Group 1: Performance Review - Hezhima Intelligent has focused on continuous innovation in smart driving technology, solidifying its competitive edge and accelerating the commercialization and mass production of smart driving chips [3]. - The company has upgraded its core IP and overcome performance bottlenecks in computing chips, enhancing the efficiency of smart driving systems through new ISP technology and high-performance NPU [5]. - The company has expanded its market share by deepening partnerships with leading automotive manufacturers and accelerating the commercialization of smart driving technology [5][7]. Group 2: Product and Market Expansion - The Huashan A1000 family of chips has entered full-scale production and is being used in popular models such as Lynk & Co 07EM-P and 08EM-P, while the Wudang C1200 series has secured mass production contracts with major OEMs [7]. - In 2024, Hezhima Intelligent has successfully expanded its business into commercial vehicles and specialized vehicles, focusing on high-speed logistics and enhancing safety systems [7]. - The company has responded to the growing demand for smart driving in commercial vehicles, completing layouts for specialized models and increasing its customer base in this sector [7][8]. Group 3: Future Outlook - 2025 is expected to be a pivotal year for Hezhima Intelligent, with anticipated product upgrades and more project contracts to solidify its market position [9][10]. - The company plans to launch the A2000 series chip, designed for large models, which will significantly enhance the computational efficiency of autonomous driving systems [10]. - The trend of "smart driving equality" is expected to accelerate, with advanced features becoming standard in lower-priced vehicles, providing substantial market opportunities for Hezhima Intelligent [13][14]. Group 4: Technological Integration - Hezhima Intelligent is poised to enter the robotics sector, leveraging the technological similarities between smart vehicles and robotics to expand its market reach [15][17]. - The company is collaborating with various robotics firms to support their products with its chip technology, aiming for mass shipments in the robotics field [17]. - The flexible design of chip architecture and standardized algorithm modules will enable Hezhima Intelligent to penetrate various sectors, including smart transportation and smart industry, creating a "technology leverage effect" [17].