Event: on January 18, Hanwang Science and Technology held a new product launch in the spring of 2021. China's most representative artificial intelligence high-tech company released seven innovative products in six categories in one go.
Bionic technology-- Go Go Bird 1000 Universe 100, leads the fashion consumption. Go Go Bird 1000 series core is independent research and development chip, length 42cm, wingspan 60cm, total weight 155g, adding somatosensory interaction, red diplomacy and other human-computer interaction technology, can achieve fixed height flight, somatosensory switch and other flight functions, the future will also add video shooting function, in line with the consumption characteristics and needs of young people.
Intelligent learning, intelligent office-Hanwang e-pen S20, Hanwang intelligent office book EA, to improve the efficiency of learning office. 1) Hanwang e-Dian S20 uses Hanwang technology OCR character recognition technology to meet the learning needs of children, and it is another innovation following the launch of the first scanning translation pen in 2011, and the technology has been further implemented; 2) Hanwang intelligent office book EA, which integrates passive electromagnetic pen technology, supports 4096 pressure level, and integrates note-taking, voice transcription, office document processing and other functions to improve office efficiency in an all-round way. Hanwang Technology further enriches the multi-scene application of the products.
Further breakthroughs have been made in the key business areas of free writing manuscript recognition, white jade face recognition, painting screen Artist22-- Hanwang. 1) the recognition rate of free handwriting is more than 95%, and the conversion speed of 0.3 seconds per page, as the core technology of digital construction of new technical supervision, will help solve the problems such as the construction of big data Center and industrial Internet data collection. 2) the Baiyu version of face recognition intelligent terminal has passed the certification of Yinhe Kirin and Tongxin localization system, benefiting from the domestic substitution trend. 3) the new version of the drawing screen opens the Windows and Apple Inc operating systems, combined with a 8096 pressure sensor, allows access to Android and switch screen connections, and promotes the conversion between life and work.
Investment suggestion: we forecast that the company's revenue in 2020, 2021 and 2022 is 16.18,2.3073.018 billion yuan respectively, and the net profit of returning to the mother is 1.48,2.23,319 million yuan respectively, corresponding to 0.61,0.91,1.30 yuan corresponding to EPS, maintaining the buying rating.
Risk hint: overseas market expansion is not as expected; market demand for new products is not as expected.