营业增长主要原因系该公司数字能源及数字维修业务等收入增长。其中，数字能源业务实现收入5.91亿元，同比增长77.77%；数字维修业务（含汽车综合诊断产品、TPMS产品、ADAS产品等）实现收入21.78亿元，同比增长20.11%。From the second to third quarter of 2024, the company's digital energy business in the USA market made significant progress in self-operated e-commerce and expanding large customers, with a stable gross margin. The subsidiary focuses on intelligent inspection and smart security applications, with the core being the generative AI 'brain' (Digital AI), and using drones, anti-drone systems, and various ground robots (Physical AI) as actuators.
On December 2nd, "Autel Intelligent Technology Corp., Ltd." held its third-quarter earnings conference as reported by the Star Market Daily.
The company achieved a revenue of 2.804 billion yuan in the first three quarters of the year, a year-on-year increase of 28.07%; net income attributable to the parent company was 0.541 billion yuan, a year-on-year increase of 103.08%.
The revenue growth is mainly attributed to the company's digital energy and digital maintenance business. Specifically, the digital energy business generated a revenue of 0.591 billion yuan, a 77.77% year-on-year growth; the digital maintenance business (including comprehensive automotive diagnostic products, TPMS products, ADAS products, etc.) generated a revenue of 2.178 billion yuan, a 20.11% year-on-year growth.
During the earnings conference, Li Hongjing, Chairman, General Manager, and Acting CFO of Autel Intelligent Technology Corp., Ltd., told "Star Market Daily," "The company's main revenue from the digital energy business comes from overseas markets. The company will seize the development opportunities in the overseas new energy charging industry and deepen its presence in the overseas digital energy market."
In terms of regional distribution, North America is the primary sales area for the company's digital energy, followed by Europe, and other regions such as the Middle East, Asia-Pacific, etc., also maintained high growth rates. The highest gross margin is in the North American market, followed by Europe, and then Asia. It is reported that from the second to third quarter of 2024, the company's digital energy business made significant progress in self-operated e-commerce and expanding large customers in the USA market, with a stable gross margin.
Regarding new product development, Autel Intelligent Technology Corp., Ltd.'s next generation of digital energy products will achieve a unified platform ranging from 120kW to 1440kW. Li Hongjing introduced, "From a cost perspective, the next-generation products use a minimalist platform architecture, significantly reducing costs; on the revenue side, by providing customer assistance with light stacking and storage, distributed architecture, etc., help customers reduce expenses and increase revenue."
In terms of AI-related business, Li Hongjing stated that Autel Intelligent Technology Corp., Ltd. is actively deploying the application of generative AI. Its wholly-owned subsidiary, "Shenzhen Daohetongtai Robot Co., Ltd." completed industrial and commercial registration on November 19, 2024.
It is reported that the subsidiary, with generative AI core "brain" (Digital AI), uses drones, anti-drone systems, and various ground robots (Physical AI) as actuators, focusing on smart inspection, smart security, and other application scenarios. "Currently, the company is communicating with customers in the energy and transportation-related application scenarios to finalize project details, while actively seeking strategic coordination and joint innovation with ecosystem partners."" Li Hongjing said, "the company's robot business may soon be implemented.