近期，全球知名的出行科技企业亿咖通科技，受邀参加了高盛集团举办的TechNet China 2025峰会。此 次峰会聚焦于全球经济政策、辅助驾驶技术及人工智能等多个前沿议题，吸引了众多科技企业高管、投 资机构代表以及政策专家的参与，共同探讨技术变革对全球经济的影响及合作新机遇。 高盛集团，作为国际顶尖的投资银行与资产管理机构，长期以来在科技产业的发展与资本配置方面发挥 着重要作用。TechNet China峰会作为其科技投融资体系中的核心活动，旨在搭建前沿技术与全球资本 市场的桥梁。亿咖通科技的CFO周靖及其投融资团队此次亲临现场，就汽车智能化技术的发展趋势以及 企业的全球化战略，与多家投资机构展开了深度对话。 亿咖通科技的技术实力在全球智能出行领域得到了广泛认可。截至2025年第一季度，其技术产品已搭载 于全球超过870万辆汽车中，单季度出货量同比增长高达81%。在软硬件解决方案、车载AI大模型引擎 等核心技术领域，亿咖通科技不断取得突破，并同步推进新加坡全球供应链与研发中心的建设，进一步 增强面向国际市场的交付能力。 在高盛TechNet China 2025峰会上，亿咖通科技不仅展示了其在全球智能出行领 ...

5月21日-22日，全球出行科技企业亿咖通科技应邀出席高盛TechNet China 2025峰会，本届峰会聚焦全 球经济政策、辅助驾驶、人工智能等议题，汇聚来自世界各地的科技企业高管、投资机构代表与政策专 家，探讨技术变革带来的影响与合作机遇。 截至2025年一季度，亿咖通科技技术产品已搭载于全球超过870万辆车中，单季度出货量同比增长 81%。企业在软硬件解决方案、车载AI大模型引擎等核心技术领域持续突破，并同步推进新加坡全球供 应链与研发中心建设，增强面向国际市场的交付能力。此次亮相高盛TechNet China 2025峰会，不仅展 示了亿咖通科技在全球智能出行领域的技术实力，也为企业进一步对接国际资本、深化全球产业合作提 供了重要契机。 高盛集团（Goldman Sachs）是全球领先的投资银行与资产管理机构，长期深度参与科技产业发展与资 本配置。TechNet China作为其科技投融资体系中的重点活动，致力于连接前沿技术与全球资本市场。 亿咖通科技CFO周靖与投融资团队出席本次会议，并围绕汽车智能化技术与企业全球化发展路径，与多 家投资机构进行了深入交流。 亿咖通科技自成立以来持续加大研发投入， ...

高伟达（300465）公告，公司以自有资金增资蓝芯算力科技有限公司1000万元，其中11.15万计入注册 资本，剩余部分计入资本公积。增资完成后，高伟达将持有蓝芯算力0.6729%的股权。蓝芯算力主营 RISC-V架构芯片及相关软硬件解决方案的设计和销售。此次投资不构成关联交易或重大资产重组，已 通过公司内部审议批准。高伟达计划借助蓝芯算力的技术优势，结合自身在金融科技领域的积累，推动 国产信创领域的发展和应用。公司将根据投资进展及时履行信息披露义务。 ...

"没想到，真是没想到！"项目落地四川省达州市一年多，四川星空钠电电池有限公司（简称星空钠 电）董事长李用成操着地道的东北方言感叹道。让他连声感叹"没想到"的，是项目横跨大半个中国落地 的速度。 2024年3月底，在2024中国产业转移发展对接活动（四川）上，李用成带着钠离子电池生产链项目 与达州东部经开区正式签约。今年1月，项目一期已进入试运行；预计5月底，测试产品将从钠离子电池 组装生产线下线。 作为全国具有重要影响力的产业转移示范平台，去年的产业转移发展对接活动现场签约项目达157 个、总投资超2300亿元。5月8日至10日，2025中国产业转移发展对接活动（四川）在成都举办。 时隔一年多举办的活动将为四川带来什么？紧抓产业转移机遇，四川探索出什么路径？ 接得准，充分发挥优势 去年以来，四川、宁夏、内蒙古、黑龙江、云南、甘肃、湖南……一系列"国字号"产业转移发展对 接活动在各地举办。 密集举办的背后，是产业转移的迫切需要。 党的二十届三中全会强调，完善产业在国内梯度有序转移的协作机制，推动转出地和承接地利益共 享。今年《政府工作报告》提出，深化东、中、西、东北地区产业协作，推动产业有序梯度转移，为进 一步 ...

风险提示：宏观经济波动，新产品和新领域拓展低于预期风险。 公司25Q1 营收4.23 亿元（yoy+4.33%），归母净利-833 万元（yoy+14.04%），扣非净利-952 万元 （yoy+31.92%），亏损显著收窄主要受益于AI 内部提效。 同时AI 产品销售持续向好，融合AI 的新PLM 产品带动研发设计类业务签约金额同比增长超20%，设备 云AI+等轻应用收入同比增长超50%。我们认为，AI 业务有望成为公司后续业务增长的核心驱动，看好 公司远期成长。 盈利预测与估值 考虑传统业务增速仍略承压，下调收入预测，预计公司25-27 年营收为27.19、32.06、38.16 亿元（25-26 年前值30.55、36.20 亿元），考虑公司人效提升显著，上调盈利预测，预计25-27 年EPS 为0.84、1.18、 1.65 元（25-26 年前值0.79、1.00 元，上调6%、18%）。参考可比公司25E 平均估值 58.0xPE （Wind），考虑公司产品及行业know-how 优势，给予25E60xPE，目标价50.40 元（前值29.34 元，25E 37xPE），维持"买入"。 鼎捷数智2 ...

Investment Rating - The investment rating for the company is "Buy" with a target price of 50.40 RMB [8][9]. Core Views - The company has successfully commercialized its AI applications, leading to an expected acceleration in performance in 2025, despite a slight underperformance in 2024 due to delayed demand from downstream clients [1][2]. - The company is leveraging AI technology to enhance internal operational efficiency, resulting in significant reductions in sales, management, and R&D expense ratios [2]. - The company is capitalizing on the trend of Chinese enterprises expanding into Southeast Asia, with notable revenue growth from non-mainland regions, particularly Taiwan and Southeast Asia [3]. - The company's AI business indicators for Q1 2025 show continued improvement, with expectations that AI will drive future growth [4]. - Revenue forecasts have been adjusted downwards due to traditional business pressures, but earnings per share (EPS) estimates have been raised due to significant improvements in operational efficiency [5]. Summary by Sections Financial Performance - In 2024, the company achieved revenue of 2.331 billion RMB (up 4.62% YoY) and a net profit of 156 million RMB (up 3.59% YoY) [1][7]. - The company expects revenues of 2.719 billion RMB, 3.206 billion RMB, and 3.816 billion RMB for 2025, 2026, and 2027 respectively, with growth rates of 16.64%, 17.92%, and 19.05% [5][7]. AI Business Development - The company reported revenue from self-developed smart software products and integrated smart hardware solutions of 662 million RMB and 555 million RMB respectively in 2024, with growth rates of 13.57% and 12.64% [2]. - The AI business in Taiwan saw a remarkable growth of 135.07% YoY [2]. Market Expansion - Revenue from the mainland China region was 1.177 billion RMB (up 1.92% YoY), while revenue from non-mainland regions was 1.154 billion RMB (up 7.53% YoY), driven by growth in Taiwan and Southeast Asia [3]. - The company is expanding its local teams in Thailand, Vietnam, and Malaysia, achieving a localization rate of over 90% [3]. Profitability and Valuation - The company’s EPS is projected to be 0.84 RMB, 1.18 RMB, and 1.65 RMB for 2025, 2026, and 2027 respectively, reflecting an increase in profitability [5][7]. - The target price of 50.40 RMB is based on a 60x PE ratio for 2025, compared to an average of 58.0x PE for comparable companies [5][13].

Investment Rating - The investment rating for the company is "Buy" with a target price of 50.40 RMB [8][9]. Core Views - The company has successfully commercialized AI applications, leading to an expected acceleration in performance in 2025 [1][2]. - The company is leveraging AI technology to enhance internal operational efficiency, resulting in a significant reduction in expense ratios [2]. - The company is capitalizing on the trend of Chinese enterprises expanding into Southeast Asia, with promising results in overseas market development [3]. - The AI business indicators for Q1 2025 show continued improvement, indicating a broad growth potential for the future [4]. - Revenue forecasts have been adjusted downwards due to traditional business pressures, but earnings per share (EPS) estimates have been raised due to significant improvements in operational efficiency [5]. Summary by Sections Financial Performance - In 2024, the company achieved revenue of 2.331 billion RMB (up 4.62% YoY) and a net profit of 156 million RMB (up 3.59% YoY) [1][7]. - The company expects revenues of 2.719 billion RMB, 3.206 billion RMB, and 3.816 billion RMB for 2025, 2026, and 2027 respectively, with growth rates of 16.64%, 17.92%, and 19.05% [5][7]. AI Business Development - The company reported revenue from self-developed smart software products and integrated solutions of 662 million RMB and 555 million RMB respectively in 2024, with growth rates of 13.57% and 12.64% YoY [2]. - The AI business in Taiwan saw a remarkable growth of 135.07% YoY [2]. Overseas Market Expansion - Revenue from non-mainland China regions reached 1.154 billion RMB in 2024, growing by 7.53% YoY, driven by markets in Taiwan and Southeast Asia [3]. - The company has established strategic partnerships to enhance services for Chinese enterprises venturing abroad, focusing on key industries such as automotive and electronics [3]. Profitability and Valuation - The company’s EPS is projected to be 0.84 RMB, 1.18 RMB, and 1.65 RMB for 2025, 2026, and 2027 respectively, reflecting an increase in profitability [5][7]. - The target price of 50.40 RMB is based on a 60x PE ratio for 2025, considering the company's product and industry advantages [5].