三大核心指标均创下新高。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 财报显示， 佑驾创新 今年上半年 总收入 3.46亿元 （ 人民币 ，下同） ，同比增长 46.1%；毛利 0.52亿元，同比增长54.8%，毛利率 则较 2024年上半年增加 0.9个百分点 至 15% 。 据 IPO早知道消息， 佑驾创新（ 2431.HK） 于 8月22日 发布 了 2025年中期业绩。 此外， 为了更灵活地满足客户需求以及把握更广阔的发展机遇，佑驾创新正在全力推进全球化战 略，包括筹备海外车展、布局海外销售渠道，并在新加坡成立子公司以期精准触达海外市场。 截至 2025年6月30日，佑驾创新已累计为42家整车厂提供量产产品及服务，合作客户范围从自主品 牌向合资车企拓展，足迹已遍布欧盟、澳大利亚、新加坡、马来西亚、印度、韩国、迪拜、土耳其、 墨西哥等目标市场，出海版图正在继续扩张中。 未来，佑驾创新将坚持以 "舱驾一体"为战略重心，开拓"L4自动驾驶多元化场景"的落地边界，持续 迭代技术、升级产品、稳健经营、自我造血，为客户提供更优质的服务，赋能智能汽车产业发展，把 业务的 ...

虽然竞争常在，但灵活的战略和持续的创新常常能帮助企业穿越周期。就以现象级公司小米集团来说，公司从最开始的手机业务到后面切入家 电赛道，再到如今将汽车业务培育成第三增长曲线，多元化、渐进式发展路线形成了生态共振。小米并非孤例，在智驾赛道上也能找到有着类 似成长路径的公司。以佑驾创新（02431）为例，公司最开始的业务围绕智能驾驶展开，2019年成立智能座舱事业部实现"两条腿走路"，转年又 设立了V2X业务板块。2024年底，旗下业务形成齐头并进格局的佑驾创新正式登陆港交所。根据该公司日前披露的中报看，到今年上半年佑驾 的L4业务已实现关键性营收突破，未来包括物流车等新兴业态有望成为公司的新增长极。 回溯小米和佑驾创新的成长历程，不难发现这两家公司每一步拓展都不是盲目冒进，而是以高执行力扎实兑现战略承诺。 在智通财经看来，小米的成功验证了企业多元化发展模式的有效性，而具有相近的"踏实"、"多元"特质的佑驾创新，凭借业务上的"三驾马 车"，或许同样能在自身擅长的领域里"复制"小米的成功，并激发出生态飞轮效应。 巩固基本盘同时成功培育新增量 佑驾创新的2025年中报，是一份稳健兑现增长预期、同时还打开了增量新通道的成 ...

来源：微信公众号.佑驾创新MINIEYE 势头强劲 业绩持续攀升 ■■■ F H E 总收入 同比增长 1 3.46亿元 +4.6.1 % 毛利润 同比增长) 1 +54.8% 0.52亿元 毛利率 15.0% L4新业务实现关键突破 半年内营收破千万元 持续加大研发投入于中高阶辅助驾驶和L4自动驾驶 700 22 2 逐年提升 G 椅隆汇 叶々井又同比增下5U.Z70 资产负债率35.7%,维持在较低水平 营收大增46% (单位:亿元人民币) 6.54亿元 -4.76亿元 3.46亿元 2.79亿元 2.37亿元 53% 46% ● ● ● ● 2025H1 2022 2023 2024 2024H1 毛利持续提升(单位:亿元人民币) 一(毛利率) 16.0% Q 14.3% 1.05亿元 12.0% 0.68亿元 15.0% 14.1% 0-52亿元 0.34亿元 0.33亿元 ● ● ● ● ● 2022 2023 2024 2025H1 2024H1 驾舱并进 核心业务全面增长 D B D 日 日 日 日 ● 智能驾驶解决方案业务 收入 2.41亿元 同比增长 32.4% ● 智能座舱解决方案业务 收 ...

Core Viewpoint - The article highlights the recent achievements and growth prospects of Shenzhen Youjia Innovation Technology Co., Ltd. (Youjia Innovation), particularly in the fields of intelligent assisted driving and smart cockpit solutions, emphasizing its strong market position and technological capabilities [2][8]. Group 1: Business Developments - Youjia Innovation has secured a contract with a leading domestic brand to provide the iPilot 4, an integrated soft and hardware assisted driving domain controller, for mid-to-large luxury SUVs [2]. - In February, Youjia Innovation was selected by a new energy vehicle company to supply mid-to-high-end intelligent driving domain control products for high-end models priced around 300,000 RMB, with delivery expected within the year [2]. - In March, Youjia Innovation received multiple contracts to provide Driver Monitoring Systems (DMS) and Occupant Monitoring Systems (OMS) for a globally recognized automotive brand [3]. - In June, Youjia Innovation announced a significant partnership with Changan Automobile to supply high-performance assisted driving domain controllers for its new energy brand [4]. Group 2: Market Position and Future Outlook - Youjia Innovation has established a solid foundation with various clients, creating an efficient R&D system and scalable delivery experience, focusing on breakthroughs in mid-to-high-end products and expanding international market reach [8]. - Research reports from CITIC Lyon, Everbright Securities, and Guozheng International have rated Youjia Innovation positively, citing its comprehensive self-research capabilities in autonomous driving solutions and strong product lineup [8]. - CITIC Lyon predicts a compound annual growth rate of 49% for Youjia Innovation's total revenue from fiscal years 2024 to 2027, with a target price of 32.00 HKD [8]. - The current penetration rate for L0-L2 level assisted driving is approximately 20%, while only 7% of traditional vehicles in China are equipped with in-vehicle monitoring systems (IMS), indicating significant growth potential in these markets [8]. - According to McKinsey, the global intelligent driving market is expected to exceed $600 billion by 2027, with China's L2 intelligent driving new car coverage surpassing 57%, supported by favorable policies [9].

Core Viewpoint - Youjia Innovation has secured an exclusive contract for the DMS (Driver Monitoring System) project with SAIC Maxus, marking a significant breakthrough in the large-scale application and global expansion of its intelligent cockpit technology [1][4]. Group 1: Product Development - The iCabin Lite, a fully self-developed DMS integrated machine, will be equipped in multiple flagship light commercial vehicle models under SAIC Maxus, showcasing the company's advancement in intelligent cockpit technology [1][4]. - iCabin Lite features a highly integrated design that combines the DMS camera and controller, aligning with the industry's trend towards integration and addressing automakers' needs for development efficiency, cost control, and multi-model adaptability [1][4]. Group 2: Technical Features - The iCabin Lite utilizes high-performance domestic automotive-grade chips, offering compact size and flexible installation options, which meet the efficient deployment requirements across various vehicle models and platforms [4]. - The product integrates Youjia Innovation's proprietary DMS algorithms, enabling monitoring of driver fatigue and distraction, as well as AOI (Area of Interest) gaze tracking, effectively identifying potential driving risks and providing timely alerts for enhanced road safety [4]. Group 3: Regulatory Compliance and Market Expansion - iCabin Lite supports compliance with EU regulations such as ADDW (Driver Distraction Warning System) and DDAW (Driver Drowsiness and Attention Warning System), enhancing its adaptability and cost advantages for Chinese automakers entering overseas markets [4]. - The collaboration with SAIC Maxus provides critical safety technology for its light commercial vehicles, with plans to serve both domestic and European markets, and future expansion into South America and other potential markets [4][5]. Group 4: Strategic Positioning - Youjia Innovation has established a differentiated product matrix characterized by "cockpit and driving integration," positioning itself as a key partner in enhancing the global competitiveness of Chinese automakers [5]. - The company aims to leverage its fully self-developed advantages and continuous technological iterations to optimize human-machine interaction experiences and accelerate the large-scale production of DMS in both passenger and commercial vehicle sectors [5].