黑芝麻智能1H25收入高速增长,毛利率下半年有望回升

华泰证券
Sep 04

黑芝麻智能是国内智能驾驶解决方案的先锋,通过华山/武当两大核心产品系列为乘用车提供中/高算力芯片,目前逐步往低算力产品线、以及多端侧领域覆盖。1H25公司营收2.53亿元(yoy+40.4%),其中辅助驾驶解决方案收入2.34亿元(yoy+41.6%);毛利率同比下降25.2pct至24.8%,主因辅助驾驶产品拓展带来硬件组件和人力成本增加;研发管理费用分别为6.2/1.7亿元(yoy-10.1/...

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