ArcSoft(688088)2023-11-08 10:02Financial Performance - In the first three quarters of 2023, the company's revenue reached 503 million CNY, representing a year-on-year growth of 28.67% [1] - The net profit attributable to the parent company was 81.66 million CNY, with a year-on-year increase of 53.16% [1] - The net profit after deducting non-recurring gains and losses was 75.26 million CNY, showing a growth of 609.74% [1] - For Q3 2023, the revenue was 143 million CNY, marking a year-on-year growth of 17.96% [2] Business Development - The mobile intelligent terminal visual solutions business has seen significant growth, with a revenue increase of 318.19% in Q3 2023 [1] - The company has launched innovative products in the mobile sector, including the "Turbo Fusion" technology, which has gained traction among customers [2] - The company has established multiple mass production projects with various automotive manufacturers, including Great Wall and Geely, for its VisDrive® in-car visual software solutions [2] Client Relationships - Huawei is a client of the company, and its recovery is expected to positively impact revenue [3] - The company has established partnerships with several domestic and joint venture automotive manufacturers, including Seres [3] - The company differentiates its smart commercial photography products from competitors by utilizing proprietary algorithms and models [3] Future Outlook - The company plans to expand its overseas business, targeting pure foreign brands through various collaboration methods [4] - The mobile business is expected to grow in correlation with the increase in smartphone sales, although the relationship is not strictly linear due to different revenue models [4] - The company has increased personnel in algorithm development and testing, focusing on smart driving and mobile business areas [5]