Thundersoft (.SZ)_ 4Q24 muted growth while AI_ Smart driving opportunities remain intact; 3Q24 net income miss; Neutral
AIRPO·2024-11-03 17:15
2131d4eaf4cb4d50b1d51c8af07b64b4 Thundersoft (300496.SZ): 4Q24 muted growth while AI/ Smart driving opportunities remain intact; 3Q24 net income miss; Neutral 31 October 2024 | 1:50AM HKT Despite long-term opportunities on AI and smart driving projects, we expect to see near-term weakness with 4Q24E soft revenues growth at 9% YoY (vs. -7% YoY in 3Q24) due to slow smartphones/ IoT growth and innovative business still in early stage. The company is working on LLM and AI agent monetization for enterprises and ...