此前，大豪科技在2025年第一季度业绩说明会上表示，公司将持续实行技术领先战略，持续增加研发投 入。未来公司将持续深耕信息技术领域，围绕工业控制和数字安全两大主业，坚持技术创新、产品创 新、管理创新。通过前瞻性的技术研发，保持在行业内的竞争优势；公司将继续强化产品创新，推出更 具市场竞争力的解决方案；同时，管理创新也将同步推进，优化内部流程，提升运营效率，推进AI在 企业运营上的应用，实现管理智能化转型，提升公司整体竞争力，确保公司在快速变化的市场中保持灵 活性和创新力。 从最新披露的2025年半年报看，大豪科技的智能装备电控产品持续强化市场领跑优势，进一步夯实行业 领先地位。公司围绕缝制设备行业自动化、数字化、智能化、个性化发展方向，建设高性能缝制数控系 统平台，在数字制版、自动控制、驱控一体、专业设备等业务持续投入，发挥数字引领、研发技术创新 推动和服务支撑保障，高端产品比例显著增加。 大豪科技的智能工厂系统通过数字化、网络化、智能化技术推动制造工厂全方位升级。以数据驱动提升 生产效率，将设备、数据、人等要素互联，构建全流程数据链路。推动工厂管理从"经验驱动"转向"数 据决策"。公司的智能工厂解决方案在刺 ...

Core Viewpoint - The company reported a revenue of 1.394 billion yuan in 2024, a year-on-year increase of 21.35%, but faced a net loss attributable to shareholders of 58.63 million yuan, marking two consecutive years of losses due to extreme divergence between domestic and international business performance [1] Group 1: Revenue Performance - International revenue reached 338 million yuan, a significant increase of 150.55%, with a gross margin of 22.55% [1][2] - Domestic revenue was 1.023 billion yuan, showing a slight increase of 3.2%, but with a low gross margin of 8.72%, less than 40% of the international business margin [1][2] Group 2: Business Dynamics - The high growth in international markets was driven by large orders from Southeast Asian e-commerce platform Shopee and tire giant Sailun Group, which contributed 127 million yuan and 90.53 million yuan respectively, accounting for over 64% of international revenue [2] - Domestic market challenges stem from a low-price competition strategy that has significantly compressed profit margins, with gross margins for major clients like JD.com and SF Express at only 14.25% and 15.83% respectively [2] Group 3: Financial Risks - Contract liabilities surged to 705 million yuan by the end of 2024, a year-on-year increase of 43.78%, indicating potential cash flow pressures and risks related to project completion delays [3] - The company engaged in significant related-party transactions, including a 47.89 million yuan purchase from Ant Robotics, raising concerns about the fairness of pricing and potential conflicts of interest [3] - Delays in fundraising projects, including the headquarters and R&D center construction, reflect weak strategic execution, with current investment progress at only 31.29% [3]