CHANGAN AUTOMOBILE-B(SZ:000625)2024-07-16 10:21Financial Performance - The estimated net profit for the first half of 2024 is projected to be between CNY 250 million and CNY 320 million, representing a decline compared to the previous year [1] - The non-recurring profit after adjustments is expected to be between CNY 58.19% and CNY 67.33% lower than the previous year [1] - The net profit for the second quarter of 2024 is anticipated to be between CNY 1.34 billion and CNY 2.04 billion, with a year-on-year increase expected [1] Smart Technology Initiatives - Changan Automobile is implementing the "Beidou Tianshu" smart initiative, with a commitment to invest at least 5% of revenue in R&D annually [2] - The company has established 17 technology firms and 16 R&D centers, employing over 18,000 personnel in its R&D team [2] - Changan's SDA platform architecture allows for the integration of over 16 controllers, enhancing vehicle software and hardware capabilities [2] Product Launches and Innovations - The Deep Blue G318 was launched on June 13, 2024, with six configurations, achieving over 14,126 orders within five days [3][4] - The G318 features a 6kW external power output and a 12kW stationary power generation capability, meeting a family's monthly electricity needs with just 1L of fuel [3] - Upcoming products include the Changan Q05, A05, A07, and the new E07 model, which is positioned as a large smart vehicle [4] Strategic Collaborations - Changan has signed a cooperation agreement with West Vehicle Network to explore integrated vehicle-road-cloud systems and various application scenarios [2] - The company is focusing on smart driving technologies, with plans for large-scale road testing and commercialization of L2, L3, and L4 autonomous driving products [2]