知行科技2025 中期报告

（ 於中華人民共和國註冊成立的股份有限公司）股份代號：1 274 2467213132343536 iMotion Automotive Technology (Suzhou) Co., Ltd. 20254 2520255 21 202562020256 20 20255 920255 9 20254112025522025425 28 24840 H 2281 183171712-1716 5001215 +86 (0512) 6500 1565www.imotion.aiinvestor@imotion.ai 15323203-3207 www.imotion.ai 01274 108 C1 H1.00 20231220H C3PCBA2023121220256301.00% •365.99202442.47%•17.07202461.93%•4.67%20247.05%•80.39%177.86202498.60•80.38%177.88202498.61•0.7520240.44•2024 I. 2025 20251,562.11,565.312.5%11.4%1,352.21,353.15.4%6.3%926.068.4%6.5%2025696.8693.741.4%40.3%44.3%308.310.4% 2025 2025430202541L32025225OTA202564 202520 2025VLMVison-LanguageModelsVLA(Vision-LanguageAction) II. L2L2+L2+SAE(1)L3L4(1)(2)(3)(PCBA) 116,00020.8%365.9942.47%17.0761.93% OEMsOEMs(NEV)(ICE) 327.502024613.26202446.60%89.48%294.402024597.94202450.76%SupervisioniDC74.38202434.492024115.66%iDC33.09202415.322024115.99% OEMs(1)(2)(3)(1)OEMsOEMs(2) 25.79202419.617.05%2024 PCBA PCBAPCBSoCPCBA PCBA12.7120243.293.47%PCBA2024 OEM1920252026 iDC500V4HBEV Transformer+OCC2025109660620256 VLA 20253)202552025 2025513iMotionAutomotiveTechnology (Singapore) Pte. Ltd.Delloyd Technology Berhad III. 365.992024270.1642.47%SupervisoniDC327.502024285.7646.60%25.7920246.1831.51%PCBA12.7120249.42286.26% 89.48%202496.40%7.05%20243.08%PCBA3.47%20240.52% 348.922024242.3940.99%2025320.262024250.3043.87%20.4820243.5721.11%PCBA8.1820244.34113.02% 17.07202427.7861.93%7.24202435.4683.05%5.3120242.6196.81%PCBA4.522024PCBA0.55 4.67%20247.05%iDCiFC 2.9020242.2032.12% (i)(ii)(iii)(iv)(v)2.44202411.088.64 10.47202411.559.35%202520241.82%2.86%1.04 31.37202423.2035.19%20243.65%8.57%4.92 156.53202499.5957.18%202415.65%42.77%27.12 6.2220243.662.56202522025 1.8420242.190.35 177.95202498.6380.42% 177.88202498.6180.38% IV. 97.512024406.91 65.712024168.732025 230.08202465.37202522025 2025630661.7220241231673.13 (i)(ii)(iii)2025630280.0220241231298.946.33% 2025180149202492 2025630366.5220241231314.9016.39% 2025630202463040.37%29.20% 202563029.96256.33 124.43202482.2851.29% 2025630 20256305592024630460202496.3631.87%127.07 V. 20256302025630 VI. VII. 202510 2025308.310.4% 2025 SAPMES VLA6 OEM OEM (SoC) OEM2025 C.2.1C1 C.2.1C.2.1 C3 2024 HH575.83595.232025630 202563038.43202412312024 2024H 2024122H73.28202420256302024 2024202420242024 2025630202411.0820241222024 H 20252811,190,200H20.88202520.88(i)202527H24.0013.00%(ii)H19.188.86%(iii)20H15.9430.99% 11,190,2001.0020.412025AI 2025217228.37(i)(ii)(iii)(iv) 20252025292025217 2025630 2025630202589.482025217 H29.522,104,000H 2025630 13.51B(1) (1)2025411(2)2025425(3)202552(4)202559202559(5)2025620 13.51B(1) 2025630571XVXV78352 1.L 2.2025630241,947,540 3. 4.202563044.99% 5.H360,000H 6.14,555,520H2.23%325,000H 2025630XVXV78352 2025630XV235% 1.L 2.2025630241,947,540 3.202563034.23% 4. 5.HL Klemove Corp.HKLHKLHL Mando CorporationHL Mando204320HKLHL Mando 2025630XV23336 20256302025630 2025H 20257122025202515,495,000HH15.222025 2025721202515,495,000H230.72025(i)(ii)(iii)(iv) 202520257132025721 2025630 2025831 79 1 2016122788G2-19011902200220221120221229 202312H20231220 2 IAS342025831 202420253 34 2024 20241231202412312025326 3 21 4 (a) 2025630 (b) 20242025630 PCBA 4 (c) 4 (c) 20256301,475,000202477,000 4 (c) (iii) (iv) 20252024630 6 (a) *202520246302.40%3.00% (b) (a) (b) 9 2025202463015%2019201915%2022 9 [2023]1225%20%20271231 2025202463020% 2018175%2021200% 10 (a) 20252024630 20256302025221202523 (b) 20252024630 11 (a) 12 (a) 12 (b) 202520246303,209,0002,342,000 (a)2025202463017,845,00017,454,000 (b)20252024630875,000 (c)2024711,000,0002,700,0003.45%3 202563,700,000 20252024630339,370,000567,442,0004,048,000266,000 16 16 202563020241231 17 • 202520246301231 11,29995,768 (a) (a)202563020241231 19 (a) ••• (i)2021113,000,0001.11% (ii)20251 20 (b) 2024123134,000,000 21 (a)202522520.8811,190,2005,034,000233,651,000215,216,00011,191,000198,991,000 (i)23 (ii)[2022]1362025630 23 (a) 2025630 20227145,1954.75 20232137,7004.75 20231231 20247H5.002,154,0002025630 20256302,104,0002024630 24 (a)202563029,957,0002024123130,524,000256,332,00020241231170,173,000202662120331114 (b)202563080,000,00020241231114,500,0002.4%2.65%202412312.58%2.95% (c)20256302024123130,000,000 25 (d) 202563020241231 26 26 (a)20256302024123118 (b) 27 30 (a) 31 20252024630 32 2025721202515,495,000H230.70