（原标题：再次受邀谷歌峰会，华曦达AI Home如何破解运营商增长难题？） 11月19日，在泰国曼谷Google APAC TV Summit峰会现场，华曦达受谷歌邀请再次站上演讲台，向全球合作伙伴展示其最新的AI Home解决方案， 从战略与实践层面解析AI与云技术如何重塑运营商家庭业务，并宣布"SDMC is now becoming an AI company"。 这一峰会作为全球Google生态的年度盛事，汇聚了全球通信运营商、硬件制造商、内容平台及生态企业代表，是行业技术风向与生态合作的关键 枢纽。今年，华曦达不仅连续第二次受邀登台演讲，更是大会中唯一获得演讲席位的ODM企业。 据悉，与传统智能家居厂商提供单品的策略不同，华曦达带来的是以AI为驱动的家庭智能服务体系——AI Home云-边-端整体解决方案，为运营 商提供从"网络管道提供商"向"智慧生活服务商"转型的完整路径，为行业提供可落地的创新路径。 值得一提的是，华曦达数次受邀参加谷歌这一重要峰会，已成为连接谷歌生态与电信运营商的关键桥梁，背后是其在AI Home领域的快速崛起： 2025年上半年，公司AI Home设备销售收入暴涨73.01% ...

近期，全球广播与媒体行业年度盛会IBC在荷兰阿姆斯特丹举办。深圳宝企华曦达以"AI Home"为主题 参展，重新定义未来家庭生活方式，展示了完整的智能生态与未来形态，并分享了助力客户实现业务智 能化升级的解决方案。 值得关注的是，华曦达的流媒体与网通设备均兼容Matter协议，并集成主动感知技术，提升了交互便捷 性，进一步推动低碳智慧生活。华曦达AI Home生态全面融入Matter与Google Home等主流生态，通过 云-边-端深度协同，构建可持续进化的AI智家，覆盖娱乐、连接、陪护、节能、安防五大核心场景。 据了解，华曦达近年来在资本市场也有重要布局，公司已向港交所主板递交上市申请，此举将为其全球 业务拓展和技术研发提供更强有力的支持。通过为运营商打造家庭AI Home服务，华曦达正助力客户实 现业务升级与价值延展，为全球用户带来无缝衔接的智慧生活体验，真正实现从家庭连接到家庭智能的 全面跃升。 华曦达自研的家庭AI智能体Cedar作为AI Home生态的核心"大脑"，基于Google Cloud与Gemini技术持续 迭代升级，在响应速度与意图理解方面显著提升，支持云端多模态感知与自然语言交互。依托 ...

Core Insights - Shenzhen Huaxida Technology Co., Ltd. reported a strong performance in the first half of 2025, achieving revenue of 1.537 billion yuan, a year-on-year increase of 51.23%, and a net profit of 103 million yuan, up 100.53% year-on-year [1] - The company's sales of AI Home devices generated revenue of 1.234 billion yuan, marking a significant growth of 73.01%, which was the main driver of overall performance [1] - Huaxida's business has expanded to over 80 countries and regions, serving more than 300 enterprise clients, demonstrating the effectiveness of its "technology + channel" strategy [1] Business Overview - Huaxida is positioned as the eighth largest provider of AI Home solutions globally and the third largest in China, according to Frost & Sullivan [2] - The company plans to launch the Cedar AI smart agent based on Gemini technology in 2024, enhancing user experience through high-precision intent recognition and context-aware actions [2] - The product matrix includes a full range of AI+ products, such as Wi-Fi routers, streaming devices, projectors, cameras, and smart home hubs, creating a complete ecosystem of "hardware + software + services" [2] Global Operations - Huaxida has established four overseas subsidiaries and built regional customer service teams to enhance its global service network [3] - The company has formed strategic partnerships with leading firms, including Tencent, which holds a 3.15% stake, and has collaborated with companies like Google and Netflix to drive technological innovation [3] Recent Developments - Huaxida participated in the Google Cloud AI Asia Summit in Singapore, discussing AI technology trends and applications with industry leaders [4] - The company has submitted an IPO application to the Hong Kong Stock Exchange, aiming to raise funds for product upgrades, new technology development, and global business expansion [7] - The IPO is expected to provide Huaxida with the capital needed to enhance its position in the global AI Home solutions market and improve user experiences through advanced technologies [7]

Core Viewpoint - The company, Huaxida, has demonstrated strong growth in its AIHome solutions, achieving significant revenue and profit increases in its 2025 semi-annual report, driven by its deep engagement in the smart home ecosystem [1][2] Financial Performance - Huaxida reported a revenue of 1.537 billion yuan, representing a year-on-year growth of 51.23% [1] - The net profit attributable to shareholders reached 103 million yuan, showing a substantial year-on-year increase of 100.53% [1] - Sales revenue from AIHome devices amounted to 1.234 billion yuan, with a year-on-year growth of 73.01%, serving as the core driver of overall revenue [1] Market Presence - The company has expanded its business to over 80 countries and regions across Europe, America, and Asia, serving more than 300 enterprise clients [1] - Huaxida is ranked as the eighth largest AIHome solution provider globally and the third in China based on projected 2024 revenues [1] Product and Technology Development - The company launched the Cedar home AI intelligent agent based on Gemini, enhancing user experience through high-precision intent recognition and multi-device control [2] - Huaxida is actively developing new AI+ product lines, including home robots, smart glasses, and home computing centers, to further expand its AIHome ecosystem [2] Strategic Partnerships - The company has established a strategic partnership with Tencent, which holds a 3.15% stake, and has collaborated with Luxshare Precision to create a joint laboratory focused on Home AI Agent and terminal research [2] - Huaxida has set up four overseas subsidiaries and formed multilingual, cross-cultural local service teams to enhance brand influence and customer satisfaction [2]

Core Insights - Shenzhen Huaxida Technology Co., Ltd. has established itself as a leading global provider of AI Home solutions, leveraging deep technical expertise and strategic foresight [1][4] - The company ranks eighth globally and third in China in the enterprise-level AI Home solutions market, showcasing its international influence and market competitiveness [1][4] Industry Overview - The global AI Home market is experiencing explosive growth, with market size projected to increase from $53.5 billion in 2020 to $88.6 billion by 2024, reflecting a compound annual growth rate (CAGR) of 13.4% [4] - By 2029, the market size is expected to surge to $238.2 billion, with a five-year CAGR of 21.9%, indicating significant growth potential for companies in this sector [4] Company Strengths - Huaxida offers a comprehensive full-stack solution that includes hardware and software, creating a complete AI Home ecosystem [3] - The product range includes AI Home infrastructure, devices, and a key AI Home system platform, integrating advanced technologies such as edge computing and environmental perception [4][6] - The company has successfully integrated Matter device connectivity and launched the Cedar AI smart agent, enhancing its capability to build a complete AI Home ecosystem [4][6] Financial Performance - According to the IPO prospectus, Huaxida reported revenues of RMB 2.529 billion, RMB 2.367 billion, and RMB 2.541 billion for the years 2022, 2023, and 2024, respectively [5] - Corresponding net profits for the same years were RMB 251 million, RMB 191 million, and RMB 137 million, indicating fluctuations in profitability [5] Market Position - Huaxida has become the largest global supplier of Android TV smart terminals, achieving significant market leadership in this segment [5] - The company’s ability to maintain hardware scale advantages while enhancing software platform value will be crucial for its transition from a hardware supplier to a high-value AI Home ecosystem builder [6]

Industry Overview - The global AI Home solutions market is experiencing explosive growth, with the market size increasing from $6.6 billion in 2020 to $13 billion by 2024, representing a compound annual growth rate (CAGR) of 18.5%. It is expected to reach $34.3 billion by 2029, with a projected growth rate of 21.4% over the next five years. This growth is driven by upgrades in smart hardware, accelerated global network infrastructure, and the implementation of AI large models in home scenarios, particularly due to the rising demand for bundled software and hardware solutions from operators in Europe and the US [1]. Company Profile - Shenzhen Huaxida Technology Co., Ltd. ranks eighth globally and third in China in the AI Home solutions market by revenue in 2024, establishing itself among the industry leaders [1]. - Huaxida's core competitiveness lies in its "hardware + platform + ecosystem" integrated capabilities. Its product range includes AI Home infrastructure (such as Wi-Fi 7 routers and optical network terminals) and AI Home devices (including smart TV boxes, projectors, and cameras). The company is expected to ship 8.85 million Android TV terminals in 2024, leading the global market [3]. Technological Advancements - The company has established significant technological barriers through continuous innovation. It became one of the first Chinese companies to receive Google Android TV certification in 2017 and the first global ODM manufacturer to obtain Google TV projector certification in 2023. The launch of its 10G Wi-Fi 7 router in 2022, featuring tri-band Mesh networking and millisecond roaming capabilities, allowed it to seize early opportunities in the B2B market [3]. Financial Performance - Huaxida has demonstrated stable financial resilience, with revenues consistently around 2.5 billion RMB from 2022 to 2024 (25.29 billion, 23.67 billion, and 25.41 billion RMB). R&D investment increased from 96.44 million to 161 million RMB during the same period, with the R&D expense ratio rising to 6.6%, highlighting its technology-driven strategic positioning [4]. - The company plans to establish a joint laboratory with Luxshare Precision in June 2025 to focus on AI Home Agent, smart hubs, and terminal device development, leveraging both companies' strengths in scenario definition and manufacturing [4]. Strategic Initiatives - Huaxida has submitted its IPO application to the Hong Kong Stock Exchange in May 2025, marking the beginning of a new phase of capitalization. Its future strategy will focus on three axes: upgrading technology, transforming revenue structure by increasing software service contribution from 1.2% to 30%, and expanding its ecosystem through deeper partnerships with Google and Netflix, as well as exploring cross-industry applications in healthcare and energy management [4]. Market Positioning - Huaxida is transitioning from a device manufacturer to a leader in the AI Home ecosystem, as evidenced by its recognition with the "Shenzhen Industrial Award," the highest honor in Shenzhen's industrial sector. The company aims to leverage the $34.3 billion market opportunity to drive the global shift from "hardware interconnectivity" to an "active intelligence" era in households [5].

Industry Overview - The global AI Home solutions market is experiencing explosive growth, with the market size increasing from $6.6 billion in 2020 to $13 billion by 2024, representing a compound annual growth rate (CAGR) of 18.5%. It is expected to reach $34.3 billion by 2029, with a projected growth rate of 21.4% over the next five years. This growth is driven by upgrades in smart hardware, accelerated global network infrastructure, and the implementation of AI large models in home scenarios, particularly due to the rising demand for bundled software and hardware solutions from operators in Europe and the US [1]. Company Profile - Shenzhen Huaxida Technology Co., Ltd. ranks eighth globally and third in China in the AI Home solutions market by revenue in 2024, establishing itself among the industry leaders [1]. - Huaxida's core competitiveness lies in its "hardware + platform + ecosystem" integrated capabilities. Its product range includes AI Home infrastructure (such as Wi-Fi 7 routers and optical network terminals) and AI Home devices (including smart TV boxes, projectors, and cameras). The company is expected to ship 8.85 million Android TV terminals in 2024, leading the global market [3]. Technological Advancements - The company has established significant technological barriers through continuous innovation. It became one of the first Chinese companies to receive Google Android TV certification in 2017 and the first global ODM manufacturer to obtain Google TV projector certification in 2023. The launch of its 10G Wi-Fi 7 router in 2022, featuring tri-band Mesh networking and millisecond roaming capabilities, allowed it to seize early opportunities in the B2B market [3]. Financial Performance - Huaxida has demonstrated stable financial resilience, with revenues consistently around 2.5 billion RMB from 2022 to 2024 (25.29 billion, 23.67 billion, and 25.41 billion RMB). R&D investment increased from 96.44 million RMB to 161 million RMB during the same period, with the R&D expense ratio rising to 6.6%, highlighting its technology-driven strategic positioning [4]. - The company plans to establish a joint laboratory with Luxshare Precision in June 2025 to focus on AI Home Agent, smart hubs, and terminal device development, leveraging both companies' strengths in scene definition and manufacturing [4]. Strategic Initiatives - Huaxida has submitted its IPO application to the Hong Kong Stock Exchange in May 2025, marking the beginning of a new phase of capitalization. Its future strategy will focus on three axes: upgrading technology, transforming revenue structure by increasing software service contribution from 1.2% to 30%, and expanding its ecosystem through deeper partnerships with Google and Netflix, as well as exploring cross-industry applications in healthcare and energy management [4]. Market Positioning - Huaxida is transitioning from a device manufacturer to a leader in the AI Home ecosystem, as evidenced by its recognition with the "Shenzhen Industrial Award," the highest honor in Shenzhen's industrial sector. The company aims to leverage the $34.3 billion market opportunity to drive the global shift from "hardware interconnectivity" to an "active intelligence" era in households [5].

Core Viewpoint - The global home solutions market is undergoing a significant transformation driven by technological innovation and user demand upgrades, transitioning from digitalization to AI integration, enhancing the overall home living experience [1] Company Overview - Shenzhen Huaxida Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] - The company has evolved from a chip developer to a comprehensive AI Home solution provider, focusing on the application of AI technology in home environments [2][3] Business Development - Huaxida Technology has expanded its business from encrypted chip development to digital TV modules and streaming solutions, becoming the largest global supplier of Android TV smart terminals by 2024 [2] - The company launched the XMediaTV streaming platform in 2017 and entered the network infrastructure sector in 2020, introducing various products including Wi-Fi routers and optical network terminals [2] Revenue Performance - The company's revenue for 2022, 2023, and 2024 was approximately 2.529 billion RMB, 2.367 billion RMB, and 2.541 billion RMB, respectively, with net profits declining from 251 million RMB in 2022 to 137 million RMB in 2024 [5] - The primary revenue source is from AI Home devices, which accounted for 80% of revenue in 2022 but decreased to 70.3% by 2024 [6][8] Market Position - Huaxida Technology ranks as the eighth largest provider of AI Home solutions for enterprise clients globally and the third largest in China, with a market share of 2.7% [3][13] - The company heavily relies on overseas markets, with revenue from international sales constituting 97% in 2022, 95.8% in 2023, and 94.7% in 2024 [9] Industry Outlook - The global AI Home solutions market is projected to grow from $53.5 billion in 2020 to $88.6 billion by 2024, with a compound annual growth rate (CAGR) of 13.4% [10] - The market for enterprise-level AI Home solutions is expected to expand from $6.6 billion in 2020 to $13 billion by 2024, with a CAGR of 18.5% [13] Competitive Landscape - The AI Home solutions industry is characterized by rapid technological changes and intense competition, with Huaxida facing challenges in maintaining its competitive edge [14]

Core Viewpoint - Shenzhen Huaxida Technology Co., Ltd. has submitted a prospectus for listing on the Hong Kong Stock Exchange, aiming to enhance its international market influence and financing capabilities after previously withdrawing its A-share application [1][3][5]. Company Overview - Huaxida was established in October 2003, originally as Shenzhen Zhixin Microelectronics Co., Ltd., with a registered capital of approximately 192 million RMB [3]. - The major shareholders include Li Bo and Shenzhen Chuangzhan Internet Partnership [3]. Business Development - The company initially focused on the development and sales of encryption chips, later expanding into digital TV modules and TV sticks [8]. - In 2012, Huaxida launched a digital video solution based on the Android Open Source Project (AOSP) and began expanding its overseas telecom operator business [8]. - The company introduced the XMediaTV streaming platform in 2017 and entered the network infrastructure sector in 2020, offering products such as carrier-grade Wi-Fi routers and optical network terminals [8]. - In 2024, Huaxida launched the Cedar AI smart home agent, capable of situational awareness and semantic understanding for smart home devices [8]. Financial Performance - Revenue for Huaxida in 2022, 2023, and 2024 was approximately 2.53 billion RMB, 2.37 billion RMB, and 2.54 billion RMB, respectively, showing a 6.85% decrease in 2023 [9][11]. - Gross profit for the same years was about 477 million RMB, 500 million RMB, and 482 million RMB, with net profits of approximately 251 million RMB, 191 million RMB, and 137 million RMB, respectively [9][11]. - The company's revenue primarily comes from hardware product sales, accounting for about 97.7%, 97.1%, and 91.1% of total revenue during the reporting period [11]. - The majority of revenue is generated from overseas markets, particularly in the Americas and Europe, contributing approximately 97.0%, 95.8%, and 94.7% of total revenue in the respective years [11].

Company Overview - Huaxida is a leading global provider of AI Home integrated solutions, focusing on the application of AI technology in home environments to redefine smart living [3] - The company's business includes hardware solutions (AI Home infrastructure and devices) and software solutions developed and sold through the AI Home system platform, showcasing a full-stack capability to provide comprehensive AI Home solutions globally [3] Product and Service Development - Initially, Huaxida focused on the development and sales of encryption chips, later expanding into digital TV modules and TV sticks [4] - In 2012, the company launched Android-based digital video solutions and began expanding its overseas telecom operator business [4] - By 2017, Huaxida became one of the first domestic companies to receive Google Android TV certification and in 2023, it became the first ODM globally to receive Google TV projection product certification [4] - The company launched the XMediaTV streaming platform in 2017 and entered the network infrastructure sector in 2020, offering products such as operator-grade Wi-Fi routers and optical network terminals [4] - In 2024, Huaxida plans to launch the Cedar AI smart home agent based on Gemini, capable of situational awareness, semantic understanding, and autonomous device control [4] Market Position and Competition - According to Frost & Sullivan, Huaxida ranks as the eighth largest provider of AI Home solutions globally and the third largest in China based on revenue projections for 2024 [3] - The global AI Home solutions market is experiencing rapid growth, with market size projected to increase from $53.5 billion in 2020 to $88.6 billion in 2024, representing a compound annual growth rate (CAGR) of 13.4% [5] - The market is expected to reach $238.2 billion by 2029, with a CAGR of 21.9% from 2024 to 2029, driven by increasing consumer demand for advanced smart home devices and next-generation network solutions [5] Financial Performance - For the fiscal years 2022, 2023, and 2024, Huaxida reported revenues of approximately RMB 2.529 billion, RMB 2.367 billion, and RMB 2.541 billion, respectively [5] - The net profits for the same periods were approximately RMB 251 million, RMB 191 million, and RMB 137 million [5] - The company experienced fluctuations in gross profit, with figures of RMB 477 million in 2022 and RMB 500 million in 2023 [9]