四维图新近日披露的业绩预告显示，公司全年预计实现营收40.60亿元—43.44亿元，同比增长15.42%— 23.50%；归母净利润0.9亿元—1.17亿元，同比增幅达108.23%—110.70%，实现质的飞跃。 四维图新业绩扭亏背后，是主营业务增长与非经常性收益的双重加持。 公告称，智能驾驶浪潮下，数据合规需求的爆发式增长，成为智云板块的最大增量。四维图新凭借"合 规先行、安全可控"的全生命周期治理体系，精准契合市场刚需，稳居行业核心供应商地位，相关业务 收入在2025年实现大幅攀升，成为营收增长的核心引擎之一。 1月14日晚间，四维图新披露2025年度业绩预告，公司全年预计实现营收40.60亿—43.44亿元，同比增长 15.42%—23.50%；归母净利润0.9亿元—1.17亿元，同比增长108.23%—110.70%。 长江商报记者注意到，四维图新此次一举扭转此前连续三年亏损局面，主要源于数据合规、车规芯片两 大主业放量，更得益于18亿元并购鉴智开曼带来的超15亿元巨额投资收益。 对智能驾驶赛道的坚定加码，也是支撑其穿越行业周期的底气。2021年—2025年前三季度，近五年时间 其研发费用累计达68 ...

Core Insights - The company reported a revenue of 1.761 billion yuan for the first half of 2025, marking a year-on-year growth of 5.62% [1] - The company has made significant advancements in multiple business areas, including intelligent cloud, intelligent driving, intelligent cockpit, and intelligent chip sectors [1] Intelligent Cloud Business - The intelligent cloud business achieved a revenue of 1.265 billion yuan, reflecting a year-on-year increase of 24.42% with a gross margin improvement of 1.13 percentage points to 37.73% [3] - The company is actively involved in various "vehicle-road-cloud integration" pilot projects, leveraging over 20 years of map data accumulation and cloud service capabilities [2][3] - Collaborations with partners like Tianan Zhili to advance high-precision dynamic map construction in Wuxi are notable achievements [2] Intelligent Chip Business - The intelligent chip business recorded a revenue of 259 million yuan, showing a year-on-year growth of 2.48% [4] - The company has shipped over 300 million chips, including 90 million SoC and 80 million MCU units, which are integrated into various vehicle models [4] - The introduction of new MCU chips, such as the AC7870, demonstrates the company's commitment to innovation and market expansion [4] Intelligent Driving and Cockpit Business - The intelligent driving business has made substantial progress in technology breakthroughs and customer deliveries, with ongoing projects for key clients like Great Wall and BAIC [5][6] - The launch of the AI Infrastructure as a Service aims to provide comprehensive support for the entire intelligent driving development chain, successfully securing orders from major automotive clients [6] - The intelligent cockpit sector continues to innovate with a focus on integrated software and hardware solutions, achieving significant market expansion [6] Overall Strategy and Future Outlook - The company is transitioning from a single technology supplier to a "new Tier 1" player, emphasizing data ecosystem integration and agile delivery capabilities [6] - Future initiatives aim to evolve assisted driving from a premium option to a standard feature across the automotive industry, supporting the overall smart transformation of the sector [6]

Industry Trends - The trend of "smart driving equality" is becoming crucial, with mid-to-high level assisted driving evolving from a "value-added service" to a "decisive factor" in the mass market [2] - Mid-level assisted driving features are expected to become standard in vehicles priced around 100,000 RMB, promoting the widespread adoption of assisted driving technology [2] - The chip industry is experiencing rapid growth driven by domestic companies accelerating their layout in the third-generation semiconductor field due to increasing cost pressures from U.S. export restrictions [2] Business Performance - The compliance business achieved a growth rate of 150% in 2024, with Q1 2025 also exceeding 100% growth [3] - The revenue for the intelligent cloud segment in 2024 is projected to be 2.254 billion RMB, reflecting a year-on-year growth of 28.96% [3] Product Development - The company is transitioning from a map provider to a data and model infrastructure provider for intelligent driving, with capabilities in behavior prediction and trajectory generation [4] - The SoC chip shipments have reached 90 million units, while MCU chip shipments have surpassed 70 million units, indicating strong market demand [6] Financial Metrics - The company’s revenue per employee is approximately 1.68 million RMB, representing an increase of over 50% year-on-year [8] - The profitability of intelligent driving solutions is influenced by order composition, including development costs and procurement costs, with a focus on achieving economies of scale [5] Regulatory Environment - Recent regulations aim to rectify the chaotic state of the intelligent connected vehicle industry, promoting high-quality development through stricter entry and testing requirements [6] - The commitment from major manufacturers to limit payment terms to 60 days will enhance cash flow and reduce financial costs for the company [6] Strategic Partnerships - The company collaborates with various cloud service providers to enhance its intelligent cloud business, covering key areas such as data security compliance and smart driving applications [16] Market Opportunities - The new national standards for two-wheeled vehicles, effective from September 2025, are expected to create new market demands for the company's SoC products [9] - The company is actively pursuing opportunities in the low-altitude economy, with a complete solution already in place [18]