证券日报网讯新北洋（002376）8月15日在互动平台回答投资者提问时表示，在物流自动化领域，新北 洋目前主要面向快递物流、电商物流等运营商客户，提供"物流网点自动化"系列智能设备、自动化装备 和全场景综合集成解决方案。关键基础零部件业务正在按照已有规划积极推进和拓展。运动控制方向， 伺服系统、电滚筒等顺利入围国内某头部电商物流企业和快递物流企业，并在多家集成商实现小批量的 销售突破。工控主板方向，最大限度的在自有设备上使用自研主板，持续扩大在智慧金融机具、智能物 流装备上自用规模的同时，积极向其他第三方推广。 ...

证券日报网讯新北洋（002376）8月8日在互动平台回答投资者提问时表示，新北洋的关键基础零部件业 务正在按照已有规划积极推进和拓展。运动控制方向，伺服系统、电滚筒等顺利入围国内某头部电商物 流企业和快递物流企业，并在多家集成商实现小批量的销售突破。工控主板方向，最大限度的在自有设 备上使用自研主板，持续扩大在智慧金融机具、智能物流装备上自用规模的同时，积极向其他第三方推 广。 ...

Core Viewpoint - The financial performance of Zhimi Intelligent (智微智能) for the first half of 2025 shows significant growth in revenue and net profit, indicating improved profitability and operational efficiency [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 1.947 billion yuan, a year-on-year increase of 15.29% compared to 1.689 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 102 million yuan, up 80.08% from 56.48 million yuan in the previous year [1]. - The gross profit margin improved to 24.4%, reflecting a 28% increase year-on-year, while the net profit margin rose to 9.31%, a 52.82% increase [1]. - Operating cash flow per share decreased by 45.49% to 1.05 yuan, while earnings per share increased by 78.26% to 0.41 yuan [1]. Key Financial Metrics - The company reported a total of 1.27 billion yuan in combined selling, administrative, and financial expenses, accounting for 6.51% of revenue, which is a 17.19% increase year-on-year [1]. - The company's cash and cash equivalents increased by 31.59% to 1.701 billion yuan, attributed to increased customer payments [3]. - Accounts receivable decreased by 34.56% to 496 million yuan, indicating improved cash collection [3]. Business Segment Performance - The industry terminal business generated 2.597 billion yuan in revenue, accounting for 64.38% of total revenue in 2024 [6]. - The ICT infrastructure business contributed 631 million yuan, representing 15.65% of total revenue [6]. - The industrial IoT segment, which includes products like robot controllers and industrial computers, generated 151 million yuan, accounting for 3.75% of total revenue [8]. Investment and Market Position - The company has seen new investments from several funds, indicating growing interest in its stock [5]. - Analysts project the company's performance for 2025 to reach 300 million yuan in net profit, with an average earnings per share estimate of 1.2 yuan [4].

Company Overview - Shenzhen Zhimi Intelligent Technology Co., Ltd. is a leading provider of intelligent internet hardware products and solutions in China, recognized as a national high-tech enterprise and a "specialized, refined, and innovative" small giant enterprise [1] - The company focuses on building a robust hardware foundation for industrial digitalization, promoting intelligent internet applications across various scenarios [1] Business Segments and Revenue - The main business segments include: - **Industry Terminals**: Revenue of CNY 2.597 billion, accounting for 64.38% of total revenue in 2024 [3] - **ICT Infrastructure**: Revenue of CNY 631 million, accounting for 15.65% [3] - **Industrial IoT**: Revenue of CNY 151 million, accounting for 3.75% [3] - **Intelligent Computing**: Revenue of CNY 301 million, accounting for 7.46% [3] Product Development and Innovation - The company is actively developing a range of robot controllers based on advanced chip platforms, focusing on various types of robots including industrial, mobile, and service robots [4] - The intelligent computing business offers a full lifecycle service for AI infrastructure, including planning, delivery, operation, and maintenance [5] Market Focus and Clientele - The company emphasizes its ODM+OBM dual-drive strategy, focusing on the "Zhimi Industrial" brand to meet market demands [6] - Key clients in the industrial IoT sector include major companies such as Aopu Te, BYD, Li Auto, and Hikvision [6]

Company Overview - Shenzhen Zhiwei Intelligent Technology Co., Ltd. is a leading provider of intelligent hardware products and solutions in China, recognized as a national high-tech enterprise and a "specialized and innovative" small giant enterprise [2] - The company focuses on building a strong hardware foundation for industrial digitalization, promoting intelligent internet applications across various scenarios [2] Business Segments Industrial IoT - The Industrial IoT segment has seen nearly 50% revenue growth in 2024, maintaining a high growth rate over the past two years [4] - The company has developed a comprehensive product line based on X86 and ARM architectures, catering to various applications such as industrial automation, rail transportation, and smart logistics [4] - Key clients include well-known domestic manufacturers like BYD and Hikvision, with a distribution network of 60-70 dealers nationwide [5] Intelligent Computing (AIGC) - The intelligent computing business, launched in 2024, reported a revenue of CNY 301 million and a net profit of CNY 174 million, with a gross margin of 81.89% [7] - The company established a joint venture, Tengyun Intelligent Computing, to capitalize on the surging demand for computing power following the release of ChatGPT [6] - Services include AI computing planning, high-performance server delivery, and end-to-end intelligent computing center solutions [6] Financial Performance - In 2024, the company reported a net cash flow from operating activities of CNY 1.148 billion, a significant increase of 4,468.36% compared to the previous year [8] - Total revenue for 2024 was CNY 4.034 billion, with a year-on-year growth of 10% [8] - The company improved its accounts receivable management, resulting in a 51.82% reduction in overdue accounts by the end of Q1 2025 [8] Asset Management - As of the end of 2024, accounts receivable and inventory amounted to CNY 1.729 billion, reflecting a 10.20% increase year-on-year [10] - The company has implemented stricter controls on accounts receivable and inventory to mitigate credit impairment losses [10] Robotics Sector - The company has launched a series of robot controllers, positioning itself in the emerging robotics industry [9] - Plans include collaborating with partners to establish industry standards for robot controllers, enhancing the company's leadership in this field [9]

Company Overview - Shenzhen Zhimi Intelligent Technology Co., Ltd. is a leading provider of intelligent internet hardware products and solutions in China, recognized as a national high-tech enterprise and a "specialized, refined, and innovative" small giant enterprise [2] - The company focuses on building a robust hardware foundation for industrial digitalization, promoting intelligent internet applications across various scenarios [2] Business Performance - In 2024, the company adopted a dual-driven strategy of ODM and OBM, leading to a revenue increase of 19.35% year-on-year in Q1 2025, achieving 852 million CNY [4] - Net profit for Q1 2025 reached 42.12 million CNY, a significant increase of 226.89% compared to the previous year [4] International Market Expansion - Overseas revenue in 2024 was 336 million CNY, reflecting a growth of 42.43% [4] - The company is enhancing its product matrix by focusing on commercial display terminals and OPS product innovation, while also expanding into AI PC and industrial sectors [5] Dividend Distribution - The company announced a cash dividend of 0.80 CNY per 10 shares, totaling approximately 20 million CNY, based on a total share capital of 250,429,670 shares [4] Future Plans in Intelligent Computing - The company aims to provide end-to-end services in intelligent computing, including AI computing planning, GPU and high-performance server delivery, and maintenance services [6] - Plans for 2025 include developing proprietary intelligent computing devices and offering comprehensive operational services [6] Robotics Business Development - The company has launched specialized controllers for humanoid robots, utilizing NVIDIA platforms to provide efficient control solutions [7] - The robotic control solutions have been successfully implemented in various robotic devices, indicating a stable and mature product offering [7]