九联科技20240528

Key Points Summary Industry/Company Involved - Company: Not specified, but mentioned as a supplier to Huawei and other industries. - Industry: Smart City, Power, Finance, Healthcare, Robotics, Edge Computing, and Computing Power. Core Views and Arguments - Revenue Growth: The company expects revenue to exceed 15 billion yuan in the previous year, with an additional 2-3 billion yuan expected this year. - HonorOS: Revenue from HonorOS exceeded 3 billion yuan in the previous year, with plans to reach 5 billion yuan this year. The company aims to expand into the healthcare industry and has 30-40 commercial products. - Power Industry: The power industry is the largest market space and the company's main focus. Revenue from the power industry is expected to reach nearly 1 billion yuan this year. - HonorOS PC: The company has developed HonorOS PC terminals and is in talks with operators for mass production. The release rhythm of operators is uncertain. - Security: The company has developed a security product in collaboration with the China Communications Institute and has obtained the highest security level certification. The product is expected to generate several million yuan in revenue in Q2 and over 10 million yuan in the full year. - Robotics: The company has developed various types of robots, including sweeping robots, explosion-proof robots, and indoor cleaning robots. Revenue from the robotics sector is expected to exceed 1 billion yuan this year. - Set-top Boxes: The company may participate in two more set-top box tenders this year, including those from China Telecom and China Mobile. - Edge Computing Products: The company has developed edge servers for internet companies and has seen progress in computing power operation and scheduling. Other Important Content - Modular Business: Revenue from the modular business is expected to reach 3 billion yuan this year, with a gross profit margin of 15%-20%. - Gross Profit Margin: The company expects its gross profit margin to recover to 20% this year, driven by the return of Huawei's supply and the development of new businesses such as HonorOS and robotics. - Computing Power: The company has invested in the computing power industry and is focusing on computing power operation and scheduling.