调研要点 : 海天瑞声于12月24日接待多家机构调研，受益于大 模型技术的快速发展以及应用场景不断落地，以智 能终端厂商、科技互联网公司等为代表的国内外科 技巨头纷纷加大多模态数据投入以支撑其智能终 端、内容生成等领域的AI能力。由此带来，以多语 种、多音色为代表的智能语音业务需求、以及以指 令微调、偏好对齐为代表的自然语言业务需求均同 比呈现大幅增长，整体上驱动公司营业收入同比显 著增加。 风险提示：调研内容仅为机构与上市公司间的业务 交流，不构成投研观点，信息以上市公司公告和分 析师公开报告为准。 2024-12-25 20:09:38 ②风险提示：调研内容仅为机构与上市公司间的业 务交流，不构成投研观点，信息以上市公司公告和 分析师公开报告为准。 此外，智能语音是公司优势业务之一，公司在智能 语音方面积累深厚，语言研究能力已覆盖超过200 种语种/方言。截至2024年6月底，公司已积累智能 语音标准化训练数据集超过1100个，覆盖智能家 居、机器人、虚拟人等11种应用场景。 【机构调研】自然语言业务需求大幅增 长，这家AI训练数据提供商营收同比显 著增加 ①端侧Al agent新场景落地带来新型数据需求 ...

【机构调研】这家公司在人工智能时代 打造"机器人与AI视觉产业中台" 2024-12-23 20:07:47 调研要点 : ②风险提示：调研内容仅为机构与上市公司间的业 务交流，不构成投研观点，信息以上市公司公告和 分析师公开报告为准。 公司自成立即围绕"全栈式技术研发能力+全领域技 术路线布局"构建3D视觉感知技术体系，具备从底 层芯片到上层算法的全自主知识产权研发能力，产 品底层技术达到全球3D视觉行业领先水平。 MX 6800芯片是结构光深度引擎芯片，支持"结构 光+主动双目/被动双目"，公司Gemini 330系列双 目3D相机均搭载了该芯片，配备高性能主被动融 合成像系统，在强光、暗光、室内外等不同环境均 具备出色的适应性，目前已广泛应用于机器人等场 景。 风险提示：调研内容仅为机构与上市公司间的业务 交流，不构成投研观点，信息以上市公司公告和分 析师公开招生为准 ①这家3D视觉感知龙头具备从底层芯片到上层算 法的全自主研发能力，专用算力芯片已应用于机器 人场景，dToF激光雷达传感器芯片实现小批量客户 送样; 奥比中光于12月19-20日再获机构关注，公司专注 于3D视觉感知技术研发，在人工智能时 ...

Summary of Conference Call Records Company Overview - The company discussed is a provider of intelligent automotive services, focusing on high-performance intelligent driving domain controllers and their international expansion strategy [1]. Key Points and Arguments 1. **International Expansion**: The company is accelerating its internationalization process, which is a crucial part of its growth strategy. It has received new project orders from major clients such as AUDI, VOLKSWAGEN, STELLANTIS, SKODA, VOLVO, TOYOTA, MARUTI SUZUKI, and TATA MOTORS, indicating a continuous increase in overseas orders [1]. 2. **Production Facilities**: The company has established subsidiaries and offices in various global regions and has completed the construction of a new factory in Mexico. A new factory in Europe is currently being planned [1]. 3. **Product Development**: The high-performance intelligent driving domain controller has been mass-produced for clients like Li Auto and Zeekr. New project orders have also been secured from mainstream clients such as Toyota, Great Wall Motors, GAC Aion, SAIC-GM, and Dongfeng Nissan, leading to a continuous increase in revenue [2]. 4. **Strategic Partnerships**: The company has signed strategic cooperation agreements with mainstream clients to accelerate the development of a new generation of integrated cockpit and central computing platforms, catering to the needs of L4 level autonomous driving software and hardware systems [2]. 5. **Diverse Solutions**: The company offers a variety of intelligent driving domain control solutions based on different computing powers, which strongly supports the ongoing growth of its intelligent driving business [2]. 6. **Third and Fourth Generation Products**: The third-generation intelligent cockpit domain controller has been mass-produced for various clients, including Li Auto, Chery, and GAC Passenger Vehicles, with new project orders from Chery, Geely, and GAC Toyota. The fourth-generation intelligent cockpit domain controller is also in mass production for clients like Li Auto, with ongoing new project orders [2]. Important but Overlooked Content - The conference call emphasized that the information shared is based on business exchanges between institutions and the listed company and does not constitute investment research opinions. All information should be verified against the company's official announcements and analyst reports [1][2].

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Summary of Key Points from Tesla's Dexterous Hand Conference Call Industry and Company - The discussion revolves around Tesla's development of the Dexterous Hand technology, specifically the Optimus Dexterous Hand. Core Insights and Arguments - **Evolution of Dexterous Hand**: Tesla's Dexterous Hand has evolved from an initial version with 6 actuators and 11 degrees of freedom to the current 2.5 version with 22 degrees of freedom, significantly improving flexibility and weight handling capabilities [1][2]. - **Release Timeline**: The second generation of the Dexterous Hand was released around September this year, with mass production expected to start in June next year, and a preview video anticipated around March [3]. - **Design and Structure**: The new version maintains a planetary gear system and incorporates approximately 22 tendon cables for wrist movement, potentially adding pressure sensors for enhanced grip stability [1][2]. - **Future Iterations**: Future iterations may reduce the degrees of freedom to around 16 to lower costs and improve lifespan for mass applications [2][3]. - **Supplier Strategy**: Tesla employs a diversified supplier strategy, collaborating with various companies for components, while aiming for 1-2 main suppliers for motors to balance price, quantity, and quality [2]. Additional Important Content - **Degrees of Freedom**: The ideal number of degrees of freedom for a dexterous hand is estimated to be between 18 to 20, with industrial applications typically not exceeding 12 degrees [3]. - **Motor Selection**: Over 80% of motors used are hollow cup motors, chosen for their compact size, though they have limitations in power and torque. Cost considerations lead to the use of alternative motors in some cases [6][7]. - **Cost Breakdown**: The cost structure of the Dexterous Hand includes three main components: the drive unit (hollow cup motors), sensors (which can account for up to 50% of total costs), and accessories [10]. - **Sensor Applications**: Sensors are crucial for feedback and control, with different types (skin, tactile, internal pressure sensors) used to enhance functionality. The integration of temperature sensors in motors is essential to prevent overheating during operation [7][10]. - **Market Focus**: Tesla's team believes that the Dexterous Hand technology is more suited for everyday applications rather than high-precision industrial tasks, which may be limited to simpler operations due to current technological constraints [12]. This summary encapsulates the key points discussed in the conference call regarding Tesla's Dexterous Hand technology, highlighting its development, design, market strategy, and future outlook.

【机构调研】汽车出口量持续增长，这 家车联网终端小龙头核心产品快速放量 2024-12-04 20:14:51 调研要点 : ①欧盟强制标配eCall智能终端，国标AECS酝酿出 台，eCall系统市场装载量将会大幅提高，这家车联 网终端小龙头获机构密集调研，公司取得国内第一 张欧盟eCall认证证书； ②风险提示：调研内容仅为机构与上市公司间的业 务交流，不构成投研观点，信息以上市公司公告和 分析师公开报告为准。 慧翰股份12月已接待四批机构调研，当前智能网联 汽车已经越来越普及，而车联网TBOX正是智能网 联汽车的核心零部件。公司很早进入智能汽车领 域，具有丰富技术和经验积累客户已经覆盖了国内 前十大的主车厂。 公司的车联网智能终端产品包括车联网TBOX和 eCall终端等，其中车联网TBOX通过搜集、分析汽 车总线信号及远程通信，实现远程诊断和查询、车 身控制、安防服务、互联网应用、空中升级、汽车 数字钥匙、V2X通信等功能，属于国家鼓励支持和 推动发展的智能网联汽车关键零部件。 调研过程中，公司表示，《车载事故紧急呼叫系统 AECS》于2024年6月18日发布了征求意见稿，当前 处于报批审查阶段。国标 ...

【机构调研】这家消费电子设备供应商 切入半导体领域，高精度共晶机已批量 销售 2024-12-03 19:59:31 调研要点 : ①这家自动化设备供应商几乎覆盖消费电子全系列 终端产品，公司重点拓展半导体领域，高精度共晶 机已形成批量销售； ②风险提示：调研内容仅为机构与上市公司间的业 务交流，不构成投研观点，信息以上市公司公告和 分析师公开报告为准。 博众精工于12月2、3日接待多家机构调研时表示， 公司是一家专注于研发和创新的技术平台型企业， 自创立以来，深耕智能制造装备领域，主要从事自 动化设备、自动化柔性生产线、自动化关键零部件 以及工装夹（治）具等产品的研发、设计、生产、 销售等。目前公司产品主要应用于消费电子、新能 源汽车、低空经济、半导体等行业领域。 从消费电子终端产品维度看，公司的设备目前不仅 应用于智能手机产品，而且已经几乎覆盖包括手 机、平板电脑、TWS蓝牙耳机、智能手表、笔记本 电脑、智能音箱、AR/MR/VR产品等在内的全系列 终端产品，公司正沿着消费电子产业链的横向维度 全面延伸自身业务范围。 调研过程中，公司表示，半导体设备是公司战略拓 展的重点方向，未来公司将继续加大半导体领域 ...

【机构调研】这家芯片模组供应商切入 AI大模型运用到端侧设备的关键环节 2024-11-28 20:02:01 调研要点 : ①这家物联网芯片模组供应商切入AI大模型运用到 端侧设备的关键环节，桌面机器人、AI陪伴产品率 先落地，公司主力新产品已亮相苹果2024年全球开 发者大会; ②风险提示：调研内容仅为机构与上市公司间的业 务交流，不构成投研观点，信息以上市公司公告和 分析师公开报告为准。 乐鑫科技董事长等公司高管于11月26、27、28日 连续接待多家机构调研，公司前三季度累计实现营 业收入14.60亿，同比增长42.17%。得益于下游各 行各业数字化渗透率在不断的提升，以及2023、 2024年的新客户开始放量，其中ESP32-C2、C3、 S3等主力产品线贡献了较大增长。从应用端看，智 能家居领域达到了30%以上的增长，而能源管理、 工具设备、大健康等领域更加突出，都呈现出了高 速增长，并在2024年贡献有显著营收。 调研过程中，公司表示，目前市面上已经出现各类 云端大模型，公司提供带连接属性的处理器芯片， 正是将AI大模型运用到端侧设备的关键环节。其 中，桌面机器人、AI陪伴产品率先落地。AI+潮 ...

Key Points Industry/Company Involved 1. **Company**: Maolai Optics 2. **Industry**: Semiconductor, Optics, AR Core Views and Arguments 1. **Semiconductor Business Growth**: Maolai Optics has successfully industrialized the ultra-precision optical element processing technology for photolithography exposure objectives, driving the acceleration of its semiconductor business growth [doc id='1']. 2. **Product Offerings**: The company provides optical components for semiconductor photolithography and a range of products including optical devices, modules, and systems for quality inspection [doc id='1']. 3. **Customer Base**: Maolai Optics maintains stable partnerships with leading semiconductor equipment and quality inspection suppliers globally. It also collaborates with domestic quality inspection downstream manufacturers [doc id='1']. 4. **AR Sector**: The company offers AR optical test modules and optical testing equipment for the AR industry, working with many well-known global companies [doc id='1']. Other Important Content 1. **Risk Reminder**: The research content is only for business exchanges between institutions and listed companies and does not constitute investment and research views. Information should be taken as per the company's public announcements and analysts' public reports [doc id='1', doc id='2']. 2. **Technology Advancement**: Maolai Optics continuously upgrades and updates its technology based on customer needs and has the ability to keep pace with the rapid development of semiconductor quality inspection technology [doc id='1']. 3. **Market Position**: In the semiconductor quality inspection field, the company's first major customer in the third quarter was from overseas. Most domestic quality inspection downstream manufacturers have collaborations with the company [doc id='1'].