中科创达20241120

Summary of the Conference Call Company Overview - The company discussed is Chuangda, which has made significant advancements in 3D naked-eye technology and high-performance chip platforms. It has partnered with Volcano Engine to establish a joint laboratory, enhancing edge intelligence and expanding into the automotive and IoT sectors to improve user experience [2][3]. Key Points and Arguments Industry and Product Developments - Automotive Sector: Chuangda's core product is the vehicle operating system (OS), which integrates cockpit driving and central computing. The company has established partnerships with dozens of global ecosystem partners, including sound joint ventures and HERE map solutions [4]. - Robotics: Chuangda has rapidly developed in the robotics field, establishing Xiao Wu Intelligent and a new company in Xi'an, launching multiple robot products and an ATV autonomous software platform. Collaborations with Qualcomm and Horizon in the autonomous driving sector provide integrated hardware and software products [5]. - AI Integration: The company has launched AI-driven products such as AI phones, IPCs, and AR/VR devices, focusing on chip ecosystem development and collaborating with various chip manufacturers to advance edge intelligence [6]. Global Strategy and Market Position - Chuangda aims to deepen its presence in the Chinese market while pursuing globalization. The company believes robotics is a global industry and plans to innovate in industrial, mobile, and software-defined robots, leveraging global partnerships for broader application scenarios [7]. Chip Ecosystem Collaborations - The company collaborates closely with major manufacturers like Qualcomm, ARM, AMD, and Intel. Recent developments include Qualcomm's latest Snapdragon flagship chip and the construction of the next-generation 3D intelligent cockpit platform [8]. Operating System Ecosystem - Chuangda has built a strong foundation in the operating system ecosystem, participating in the development of Android, Windows, QNX, and Harmony systems. Its subsidiary, Beijing Aosiwei Technology, plays a significant role in the Harmony ecosystem [9][10]. Investment and Acquisition Strategy - The investment strategy focuses on core technologies and synergistic effects within the industry chain. Successful acquisitions like RT-Thread and MS Composition highlight the company's emphasis on targets with high market share and core technology [10]. Future Outlook - Despite a revenue decline in Q3 due to high R&D investments, the company remains optimistic about industry trends, particularly in AI development and new product deployments. The global opportunities from international expansion are seen as significant [11]. Robotics Sector Positioning - The newly established Nongxie Consultation and Xiao Wu Intelligent have overlapping yet complementary roles in the robotics sector, focusing on smart applications and related services [12]. Market Conditions and Prospects - The smartphone business is maturing, with AI integration expected to take time. However, positive signals are emerging in the automotive sector, with the vehicle OS solution indicating a central computing architecture forming, presenting future opportunities [13]. Impact of SSD on Autonomous Driving - The introduction of SSDs and advancements in autonomous driving technology are expected to have profound effects on the industry. The company emphasizes software value and collaboration with chip manufacturers, indicating a clear path forward in the autonomous driving landscape [14].