\u3000\u30 Beijing Telesound Electronics Co.Ltd(003004) 96 Thunder Software Technology Co.Ltd(300496) )
With intelligent hardware and operating system technology as the core, the company’s business covers high-quality tracks such as smart phone software, smart car software and smart Internet of things, aiming to establish an ecosystem based on the company’s core technology and products. Each track of the company is facing rapid development opportunities and huge growth space, and the ecological strategic layout can be expected in the future.
Smartphone software is the foundation of the company’s development. The company has deeply cultivated the operating system technology and formed a comprehensive technical system from hardware driver, operating system kernel, middleware to upper application, which runs through the mobile intelligent terminal industry chain. 5g upgrade, the software and hardware of mobile intelligent terminal are facing the new demand of upgrading. The company is expected to benefit from the technical advantages of “chip + full stack” and high-quality customer resources.
Endogenous extension layout intelligent vehicle software track. With the automotive intelligent operating system as the core, the company lays out the intelligent automotive software. As the automobile industry enters the era of software defining automobile, the value of automobile software increases rapidly, and the positioning of software manufacturers also increases rapidly. The company enhances its competitiveness in automotive software through endogenous extension, and introduces intelligent cockpit solutions combined with the latest chips.
We will increase our holdings and look forward to the huge growth space of aiot. The fixed increase plan will raise no more than 3.1 billion yuan, which is mainly invested in the R & D project of vehicle operating system, the R & D and industrialization project of edge computing station, the R & D and industrialization project of extended reality (XR), and the R & D project of distributed computing network technology. The vehicle operating system project aims to develop the next generation of vehicle operating system for the company to adapt to the centralization of the new generation of electronic and electrical architecture. Edge computing aims to provide edge computing station equipment, develop cloud edge collaboration software platform and form solutions for multiple industries.
Performance continued to grow at a high level. From 17 to 21 years, the company’s revenue increased from 1.162 billion yuan to 4.127 billion yuan, and the net profit attributable to the parent increased from 78 million yuan to 647 million yuan. Especially in recent two years, compared with previous years, the company’s performance showed a trend of accelerated growth, benefiting from the increase of automotive software business and intelligent Internet of things business, and the company’s high-speed growth trend is expected to continue in the future.
Investment suggestion: the tracks laid out by the company have the potential of rapid growth. Fixed increase will not be considered for the time being
