--- title: "From hardware leader to AI ecological platform, decoding the new logic of CVTE's performance growth" type: "News" locale: "en" url: "https://longbridge.com/en/news/280711506.md" description: "CVTE released its 2025 annual report, with operating revenue of 24.354 billion yuan, a year-on-year increase of 8.72%; net profit attributable to the parent company was 1.013 billion yuan, a year-on-year increase of 4.38%. Despite macroeconomic fluctuations and complex trade policies, the company achieved positive performance growth, demonstrating its transformation into an \"AI + scenario\" ecological platform. The liquid crystal display main control board and home appliance controller businesses both achieved significant growth, with the Seewo and MAXHUB brands maintaining a leading position in the market" datetime: "2026-03-27T01:29:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280711506.md) - [en](https://longbridge.com/en/news/280711506.md) - [zh-HK](https://longbridge.com/zh-HK/news/280711506.md) --- # From hardware leader to AI ecological platform, decoding the new logic of CVTE's performance growth On the evening of March 24, CVTE (002841.SZ) released its 2025 annual report. Against the backdrop of macroeconomic cycle fluctuations and complex global trade policies, the company achieved an annual operating income of 24.354 billion yuan, a year-on-year increase of 8.72%, and a net profit attributable to shareholders of 1.013 billion yuan, a year-on-year increase of 4.38%, exceeding expectations for positive performance growth. A closer look at the financial data reveals that it not only shows a recovery in performance but also clearly demonstrates that this leading hardware company in the interactive display field is undergoing a deep transformation into an "AI + scenario" ecological platform, with substantial changes in the underlying logic of its performance growth. **Revenue and net profit both exceed expectations, clear signals of performance inflection point** In 2025, CVTE has navigated a path of steady growth under the dual challenges of intensified industry competition and external environmental fluctuations, with signals of a performance inflection point already evident. From the core operating data, the resilience and quality of the company's growth have improved simultaneously. In the field of smart control components, driven by rising raw material prices and increased cooperation with major clients, the liquid crystal display main control board business achieved revenue of 7.031 billion yuan, a year-on-year increase of 6.07%; the home appliance controller business benefited from a continuous rise in domestic and overseas orders, achieving revenue of 2.515 billion yuan, a year-on-year increase of 46.02%; both the automotive electronics and power electronics businesses maintained a high-speed growth trend. In the core smart terminal sector, the company's Seewo and MAXHUB interactive smart panels continued to maintain industry-leading advantages, with both the education brand and enterprise service brand achieving over 8% growth in annual revenue, demonstrating strong operational stability during industry fluctuation cycles. The financial report pointed out that according to the DiXian "2025 Q4 Global IFPD Overall Market Research Report," in 2025, Seewo's education interactive smart panels held a 49.8% market share in the domestic IFPD education market, maintaining a leading position for 14 consecutive years. MAXHUB interactive smart panels held a 27.3% sales share in the domestic IFPD conference market, maintaining a leading position for 9 consecutive years. A more significant growth driver comes from the leap in the globalization strategy. The annual report shows that in 2025, MAXHUB's overseas self-owned brand business achieved revenue of 666 million yuan in enterprise services, education, and other fields, a substantial year-on-year increase of 54.83%. The rapid growth of overseas business not only breaks the growth ceiling of the domestic market but also verifies that the company has gradually achieved an upgrade from "product going overseas" to "brand going overseas," forming a development pattern of "stable domestic business support and rapid growth of overseas business." While steadily increasing its performance, CVTE has consistently adhered to long-term investment in research and development, laying a solid technological foundation for its AI transformation. In 2025, the company's R&D investment reached 1.602 billion yuan, accounting for 6.58% of its operating revenue. R&D resources are primarily focused on core cutting-edge areas of AI, such as multimodal large models, embodied intelligence, and next-generation voice enhancement. The high-intensity R&D investment has translated into a solid patent barrier, with the company adding over 800 authorized patents in 2025, including more than 330 invention patents, accumulating nearly 11,000 authorized patents and forming a full-stack self-research technological advantage in core areas like artificial intelligence and interactive display. **AI Education Scenario Implementation Builds a Second Growth Curve** If the recovery of financial data is a superficial signal of a performance turning point, then the full-scenario implementation of AI and robotics business is the core support for CVTE's reconstruction of its growth logic. Relying on years of accumulated hardware entry points, scenario data, and full-stack AI technology, the company has completed a model upgrade from "selling hardware products" to "AI + integrated solutions for scenarios," with the second growth curve accelerating its formation. In the AI + education sector, CVTE has built a complete ecological closed loop of "hardware + software + AI services," becoming a benchmark enterprise in the domestic AI education field. In the hardware sector, it has launched the Seewo interactive smart panel, Seewo teaching terminal, Seewo recording device, and Seewo learning machine, empowering multiple scenarios such as lesson preparation, teaching, learning, evaluation, teaching research, and office work, covering the entire teaching process before, during, and after class. Based on its self-developed Seewo teaching large model, the company has created a "1+N+N" AI education technology system, set to release the next-generation AI teaching partner "Seewo Super Energy Xiao Xi" intelligent entity in December 2025, achieving full-scenario coverage of "teaching - learning - research - evaluation - management" in education. The speed of AI education product implementation also confirms the certainty of CVTE's transformation path and the effectiveness of its product demand solutions. By the end of 2025, the Seewo classroom intelligent feedback system has been established in 19 key application demonstration areas, with AI-assisted teaching achieving large-scale application; the Seewo AI lesson preparation has activated over 1 million users, marking that AI has deeply integrated into teachers' daily teaching processes; the Seewo Cube digital base covers over 10,000 schools in the country, providing data-driven decision support for regional education governance These products and data clearly demonstrate that CVTE's AI services have gradually transformed from product value highlights into essential tools for teachers' daily teaching. At the same time, CVTE is using its on-campus education AI products as a foundation to connect family education scenarios. Relying on the capabilities of the Xihuo teaching large model, the company has launched a series of family education terminals such as the Xihuo AI learning machine, parent-child screen, and AI story machine for the 3-12 age group, extending classroom AI capabilities to family learning and parent-child companionship scenarios. Through the closed-loop interaction between on-campus data and family scenarios, it achieves an upgrade from "tool necessity" to "ecosystem necessity." **Three Major Robot Product Matrix: Forward-Looking Layout Opens Growth Space** In the field of embodied intelligent robots, 2025 will be a key verification year for CVTE, from technological reserves to scenario implementation. Relying on years of accumulation in motor control and AI algorithms, CVTE has formed a product matrix consisting of industrial-grade quadruped robots, intelligent flexible robotic arms, and commercial cleaning robots, with multiple products already achieving commercial implementation and mass delivery. Among them, the self-developed industrial-grade quadruped robot MAXHUB X7 has successfully been applied in industries such as electricity and manufacturing, capable of long-range walking with a 40kg load and a maximum standing load of 150kg, with full-terrain adaptability and complex environment operational capabilities. The intelligent flexible robotic arm has entered mass production, with a repeat positioning accuracy of ±0.1mm, widely applicable in 3C electronic assembly, industrial sorting, vocational education training, etc., solving the pain points of unstructured and precise actions that traditional rigid robots struggle to handle. The commercial cleaning robot has been mass-exported to European and Japanese and Korean markets, entering scenarios such as office buildings and industrial cleanrooms for large-scale applications. At the same time, CVTE has launched a fully self-developed embodied operation algorithm platform, achieving an integrated technical closed loop of "perception - decision - control," which not only provides core technical support for current robot products but also lays a solid foundation for future humanoid robot layout, completing an early positioning in the field of embodied intelligence. **Expected to Welcome Dual Resonance of Policy Dividends and Industrial Trends** CVTE's development strategy towards an AI ecosystem platform precisely aligns with the national top-level design promoting the deep integration of artificial intelligence and the real economy. The artificial intelligence "4+1" full-stack layout created by the company is highly compatible with national core strategies such as the "Artificial Intelligence +" initiative and educational digital reform, ushering in a dual resonance of policy dividends and industrial trends CVTE focuses on artificial intelligence with perception, analysis, and generation capabilities at its core, conducting technological layout around four major directions: vision, hearing, touch, and data, ultimately achieving multimodal fusion perception and analysis based on large models, and constructing a "4+1" layout in the field of artificial intelligence. This strategic layout is highly synchronized with national policy guidance. In August 2025, the State Council issued the "Opinions on Deepening the Implementation of the 'Artificial Intelligence +' Action," proposing to encourage qualified enterprises to integrate artificial intelligence into strategic planning, organizational structure, business processes, etc., promoting the intelligent development of all elements in the industry, assisting in the transformation and upgrading of traditional industries, and opening up new tracks for the development of strategic emerging industries and future industries. As the first year of the 14th Five-Year Plan, the recent release of the "Outline of the 14th Five-Year Plan for National Economic and Social Development" has for the first time included "promoting the transformation of education models with the help of artificial intelligence," and clearly pointed out "promoting the improvement and quality enhancement of basic education, expanding resources for ordinary high schools" and "promoting the quality improvement and expansion of higher education," which will provide strong support for further expansion of educational informatization and the implementation of educational AI products. As a leading enterprise in educational informatization, CVTE, with years of accumulation in school-end scenarios and technological first-mover advantages, is expected to be the first to benefit from policy dividends and further strengthen its leading position. The company's clear AI transformation path and solid implementation results have also gained widespread recognition from brokerage institutions. A recent research report from Guotou Securities pointed out, "Against the backdrop of the national acceleration of AI penetration into educational scenarios, we are optimistic about the company's educational AI software and hardware business seizing growth opportunities. CVTE plans to go public in Hong Kong, which is expected to accelerate the iteration of 'AI + Education' products and further promote its global strategic layout." It is worth noting that the company simultaneously disclosed a highly sincere shareholder return plan: it intends to distribute a cash dividend of 7.2 yuan (including tax) for every 10 shares to all shareholders, with a total cash dividend amount of approximately 499 million yuan, accounting for as high as 49.27% of the net profit attributable to the parent company, far exceeding the dividend bottom line stipulated in the company's articles of association; at the same time, the company plans to formulate a mid-term dividend plan for 2026, continuously enhancing the sustainability and stability of shareholder returns. The high dividend ratio and the implementation of the mid-term dividend plan not only demonstrate the company's healthy cash flow status and solid operational confidence but also convey a strong confidence in long-term future development to the market. From a hardware leader to an AI ecological platform, CVTE's performance inflection point is essentially a reconstruction of the company's growth logic. In the wave of artificial intelligence empowering the real economy, with its fully self-developed AI technology, all-scenario implementation capabilities, and global layout advantages, CVTE is expected to continue to realize its growth potential and open up a new ceiling for long-term development ### Related Stocks - [002841.CN](https://longbridge.com/en/quote/002841.CN.md) ## Related News & Research - [An Interview with Barchart's AI Market Analyst CARL](https://longbridge.com/en/news/290709753.md) - [1 of the Most Interesting AI Stocks in the Market Isn’t a Tech Company](https://longbridge.com/en/news/290606417.md) - [YieldMax AI Option Income Strategy ETF announces weekly distribution of $0.1330](https://longbridge.com/en/news/290724532.md) - [10:05 ETMarkup AI Named "Overall Gen-AI Company of the Year" in 9th Annual AI Breakthrough Awards Program](https://longbridge.com/en/news/290845513.md) - [OmniDimension Launches End-to-End AI Automation Platform for The Customer Engagement](https://longbridge.com/en/news/290661905.md)