该行续指，根据弗若斯特沙利文，中国高算力自动驾驶SoC市场，英伟达/公司市占率分别为72.5%/7.2%，国产替代空间广阔。公司“瀚海平台+山海工具链” 打造开放生态，帮助车企降低开发门槛和成本，同时解决产品定制化等难点，打破终端自研必要性。公司与一汽、东风、吉利、亿咖通科技、均联智行、斑马智行等生态链伙伴合作服务未来智驾，叠加公司“车路云”布局形成“产品-数据”良好闭环。该行认为在自主可控背景下，叠加公司开放生态，公司SoC产品及解决方案市占率有望快速提升。Nanfang Black Sesame Group (02533) surged over 3% in the early session, as of the time of writing, it is up 2.79%, quoted at 29.5 Hong Kong dollars, with a transaction volume of 2.3708 million Hong Kong dollars.
According to China Finance APP, Nanfang Black Sesame Group (02533) surged over 3% in the early session, as of the time of writing, it is up 2.79%, quoted at 29.5 Hong Kong dollars, with a transaction volume of 2.3708 million Hong Kong dollars.
Soochow issued a Research Report stating that the company's senior management has rich industry backgrounds and deep technological accumulation. CEO Mr. Dan Jizhang has over 20 years of experience in the Semiconductors industry and previously served as Vice President of the Software Engineering Department at the globally renowned image semiconductor company OmniVision (豪威) Technologies Inc. From 2021 to the first half of 2024, the company's R&D expense ratio has consistently exceeded 380%, with high-intensity research and development ensuring CSI Leading Technology Index. The company holds core IP, grasping technological initiative. The firm believes the company is a rare symbol of smart driving chips with technological genes and strength. The company is proactively laying out cross-domain computing and high-performance SoCs, with the Wudang C1200/Huashan A2000 new product plans set for mass production in 2025/2026, and the launch of new products is expected to drive significant performance growth.
The firm continues to indicate that according to Frost & Sullivan, in the high-performance autonomous driving SoC market in China, the market shares of NVIDIA and the company are 72.5% and 7.2% respectively, indicating a broad space for domestic alternatives. The company’s "Hanhai platform + Shanhai toolchain" creates an open ecosystem to help car companies lower development thresholds and costs while addressing product customization challenges, breaking the necessity for in-house development at the terminal. The company collaborates with ecosystem partners such as FAW, Dongfeng, Geely, Yikaton Technology, Junlian Zhixing, and Zebra Zhixing to serve the future of smart driving, combined with the company's "vehicle-road-cloud" layout, forming a good "product-data" closed loop. The firm believes that under the background of self-controllability, coupled with the company's open ecosystem, the market share of the company's SoC products and solutions is expected to rapidly increase.
