Brokerage Everbright Securities maintains a "buy" rating for Baidu Group (09888), expecting the positive effect of AI business on valuation to be reflected in the following quarters.
Everbright Securities issued a research report that Baidu Group's Apollo Go 24Q1 has operated in 10 cities and had a quarterly volume of 0.83 million. It has a good advantage of being the first mover. It is expected to achieve the UE balance target in Wuhan in 24Q2: 1) The fully-automated ratio is expected to approach 100%, significantly reducing labor costs; 2) It plans to deploy 1000 RT6 (costing 0.2046 million yuan) as soon as possible to effectively reduce operating costs. After achieving unit economic balance in Wuhan, increasing order volume and reducing vehicle operating costs are the core factors for successful replication in other areas. Baidu.
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China Transinfo Technology (002373.SZ) has conducted in-depth cooperation with companies in Jing-Jin-Ji, such as Baidu, Luobo Yunli, Daimler, Ideal, Great Wall, Xiaomi, and Jidu.
China Transinfo Technology (002373.SZ) stated on the investor platform on August 5th that its subsidiary, the Beijing Peking Intelligent Vehicle Networking Industry Innovation Center (hereinafter referred to as the Innovation Center), on the basis of supporting the policy testing work of self-driving vehicle in Beijing and Yizhuang, vigorously expands the research and development, testing and certification of self-driving and intelligent networked products, and conducts in-depth cooperation with Jing-Jin-Ji enterprises such as Baidu, Robo-Taxi, Daimler, Ideal, Great Wall, Xiaomi, and Jidou, expanding its market-oriented service capabilities in testing and certification of self-driving autos.
Before Tesla entered the game, Luobu Kuaipao provoked domestic robotaxi competition | Jianzhi Research.
The domestic Robotaxi is gradually forming a dual competition pattern between internet-related companies and travel service companies.
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Streamax Technology (002970.SZ): There is no business cooperation with baidu.
Streamax Technology (002970.SZ) stated on the investor interaction platform on July 30 that the company currently has no business cooperation with Baidu.
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Breaking News: Hang Seng Index fell 1.03%, technology index fell 1.4%, with network technology stocks rising and falling.
On July 30th, the US stock market closed mixed. The market is preparing for non-farm employment data and financial reports from tech giants such as Microsoft, Apple, Amazon, and Meta Platforms. The Federal Reserve will announce the latest monetary policy decision this week. Today, the three major Hong Kong stock indexes opened collectively lower, with the Hang Seng Index falling 0.26% to 17,194.37 points, the Hang Seng Technology Index falling 0.06%, and the Hang Seng China Enterprises Index falling 0.25%. On the market, network technology stocks fluctuated up and down, Baidu rose 1%, Tencent and Xiaomi fell 0.7%; auto stocks fell more than rose, Great Wall Motor fell 1%, and Li Auto Inc rose more than 1%; mainland real estate stocks rose more than fell.
Guoguang Electric (002045.SZ): currently has no products applied to Baidu's Luobo Kuai Pao.
Guoguang Electric (002045.SZ) stated on the investor interaction platform on July 29th that we currently do not have any products applied to Baidu's Luobo Kuaipao.
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Guangdong Tloong Technology Group (300063.SZ) primarily operates in the internet plus-related marketing business, serving as an advertising agent for search engines such as Baidu and 360.
Guangdong Tloong Technology Group (300063.SZ) stated on the investor interaction platform on July 29 that its main business is internet marketing, providing advertising services for search engine media such as Baidu and 360, and is one of the first eco-cooperation partners of Baidu Wenxin Yiyuan. The company actively explores new business directions for internet marketing and will develop relevant businesses according to the media's development layout.
Brokerage Focus: Guosheng Securities maintains a buy rating on baidu (09888), pointing out that AI will have limited contribution to cloud business in the short term and will be the core growth point in the long term.
According to Guosheng Securities, Baidu Group (09888) achieved a quarterly revenue of 31.5 billion yuan in 2024Q1, an increase of 1% year-on-year. In Baidu's core business, online marketing advertising revenue is about 17 billion yuan, a year-on-year increase of 3%, with a slower growth rate. Intelligent cloud and other business revenue was 6.8 billion yuan, a year-on-year increase of 6%. The bank determined that the downstream enterprise's tightening of IT spending affected the demand for cloud. The company's non-GAAP net income attributable to its mother was 7.01 billion yuan this quarter, with a non-GAAP net income attributable to its mother rate of about 22%. The bank pointed out that the short-term benefit of cloud business from AI is still limited, but the incremental AI is certain.
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Special treat Kop (000851.SZ): Continuously conducting cooperation with Baidu in the field of autonomous driving and vehicle-to-road coordination.
On July 26th, GeLongHui reported that an investor asked ST Special Treat (000851.SZ) on the investor interaction platform, "Is the company still the exclusive supplier of Baidu's autonomous driving car V2X module and RSU roadside equipment partner?" The company replied that it continues to cooperate with Baidu in the fields of autonomous driving and vehicle-road coordination, providing C-V2X product solutions.
The online car-hailing regulatory information exchange system received a total of 0.971 billion orders in June, an increase of 2.9% compared to the previous month.
According to the statistics of the online car-hailing regulation information exchange system, as of June 30, 2024, there are a total of 354 online car-hailing platform companies that have obtained online car-hailing platform operation licenses nationwide, an increase of 3 compared with the previous period.