FIBOCOM(300638) 新浪财经·2025-04-21 06:36Core Viewpoint - The company reported steady growth in its annual performance for 2024, driven by the growth in the 5G fixed wireless access (FWA) business within the automotive electronics and smart home sectors, and continues to invest in AI computing and robotics, maintaining a "Buy" rating [1] Group 1: Financial Performance - In 2024, the company achieved revenue of 8.189 billion, a year-on-year increase of 6.13%, primarily due to growth in the domestic automotive electronics and smart home sectors [1] - The net profit attributable to shareholders reached 668 million, reflecting an 18.53% year-on-year increase, with a non-recurring net profit of 504 million [1] - For Q4 2024, the company reported revenue of 1.972 billion, a 9.45% year-on-year increase, with a net profit of 16 million and a non-recurring net profit of 54 million [1] - The company adjusted its profit forecasts for 2025-2027, expecting net profits of 545 million, 778 million, and 862 million respectively, with corresponding PE ratios of 35.6, 24.9, and 22.5 [1] Group 2: Research and Development - In 2024, the company's R&D investment reached 719 million, accounting for 8.78% of total revenue, highlighting its commitment to innovation [2] - The company launched several new products, including the RedCap module FG332 series, Wi-Fi 6/7 CPE solutions, and various AI solutions based on multiple smart modules [2] Group 3: Strategic Expansion - The company is actively expanding into edge AI, vehicle networking, and robotics, having established an AI research institute in 2024 and launched its self-developed Fibocom AI Stack technology platform [3] - In 2024, the company introduced a fully automated lawn mowing robot solution and delivered its first batch of orders, marking its entry into the intelligent robotics market [3] - The company is exploring the field of embodied intelligent robots, having launched a solution in March 2024 and delivered prototypes to globally recognized companies [3]