Workflow
Beijing Jingwei Hirain Technologies (688326)
icon
Search documents
经纬恒润申请一种汽车域控制器及其控制方法专利,实现仅采用一个外部供电电源就可以完成对两种电压需求的负载的供电
Jin Rong Jie· 2025-05-20 02:27
Group 1 - The core viewpoint of the article highlights the recent patent application by Jingwei Hengrun (Tianjin) Research and Development Co., Ltd. for an automotive domain controller and its control method, indicating innovation in automotive technology [1] - The patent, published under CN120016651A, was applied for on March 2025 and involves a voltage conversion module, power network, and control module to manage power supply for different voltage requirements using a single external power source [1] - The automotive domain controller is designed to supply power to two different loads by utilizing both a first voltage and a second voltage, showcasing advancements in energy efficiency and control in automotive applications [1] Group 2 - Jingwei Hengrun (Tianjin) Research and Development Co., Ltd. was established in 2019 and is primarily engaged in research and experimental development, with a registered capital of 700 million RMB [2] - The company has made one external investment, participated in ten bidding projects, and holds a total of 378 patent records, indicating a strong focus on innovation and development [2] - Additionally, the company possesses 50 administrative licenses, reflecting its operational capabilities and compliance within the industry [2]
【周观点】5月第2周乘用车环比+6.5%,继续看好汽车板块
Core Viewpoints - The automotive sector is expected to continue its upward trend, driven by three main themes: AI robotics, AI intelligence, and favorable market conditions [4][8] - The market showed strong performance in the automotive sector, with passenger vehicles and components leading the gains, influenced by better-than-expected adjustments in US-China tariffs and previous significant corrections in the automotive market [4][8] Weekly Review Summary - In the second week of May, the number of compulsory insurance policies reached 443,000 vehicles, reflecting a week-on-week increase of 6.5% and a month-on-month increase of 29.8% [2][7] - The SW automotive index rose by 2.4%, with the best-performing segments being SW passenger vehicles (+4.4%) and SW automotive components (+2.2%), while commercial vehicles and motorcycles showed declines [2][7] Key Industry Changes - Weipai New Energy launched the 2025 model of the Gaoshan vehicle, equipped with the Coffee Pilot Ultra intelligent driving assistance system [3][7] - BYD was added to the Hang Seng Technology Index [3][7] - Geely Automobile reported Q1 2025 revenue of 72.5 billion yuan, a year-on-year increase of 24.5%, and a net profit of 5.67 billion yuan, up 263.4% year-on-year [3][7] - The acquisition of 100% equity in Wuhu Changpeng was completed, and the company was renamed Wuhu Top [3][7] - Baolong Technology's second phase of the 4.8MW distributed photovoltaic project in Ningguo was completed and accepted [3][7] Sector Configuration Recommendations - The company maintains a positive outlook for 2025, focusing on three main themes: AI robotics, AI intelligence, and favorable market conditions, with the robotics theme expected to have the highest elasticity in May [5][8] - Recommended stocks for the AI robotics theme include Top Group, Junsheng Electronics, and Precision Forging Technology [5][8] - For the AI intelligence theme, preferred stocks include Xpeng Motors, Li Auto, and Xiaomi in Hong Kong, and Seres, SAIC Motor, and BYD in A-shares [5][8] - The favorable market conditions theme includes recommendations for bus manufacturers like Yutong Bus and heavy-duty trucks like China National Heavy Duty Truck and Weichai Power [5][8] Market Performance Tracking - The automotive sector ranked third in A-shares and first in Hong Kong this week, with strong performances in passenger vehicles and components [12][21] - The automotive sector's performance in the SW index showed significant gains, with passenger vehicles leading the way [15][21] Sales Data Overview - In April, the total number of passenger vehicles insured was 443,000, with a year-on-year increase of 29.8% [44] - New energy vehicles accounted for 222,000 units, with a penetration rate of 50.2% [44]
汽车热管理概念上涨1.82%,6股主力资金净流入超亿元
截至5月16日收盘,汽车热管理概念上涨1.82%,位居概念板块涨幅第10,板块内,102股上涨,铭科精 技、均胜电子、新坐标等涨停,精锻科技、银轮股份、经纬恒润等涨幅居前,分别上涨12.28%、 7.23%、6.42%。跌幅居前的有天龙股份、永茂泰、恒勃股份等,分别下跌2.11%、1.82%、1.18%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅(%) | 概念 | 今日涨跌幅(%) | | --- | --- | --- | --- | | PEEK材料 | 3.40 | 赛马概念 | -1.41 | | 可控核聚变 | 2.76 | 自由贸易港 | -1.12 | | 草甘膦 | 2.72 | 养鸡 | -1.06 | | 华为汽车 | 2.18 | 航运概念 | -1.00 | | 一体化压铸 | 2.15 | 期货概念 | -0.83 | | 小米汽车 | 2.14 | 猪肉 | -0.83 | | 长安汽车概念 | 1.98 | 同花顺中特估100 | -0.71 | | 培育钻石 | 1.93 | 信托概念 | -0.70 | | 有机硅概念 | 1.92 | 粮食概念 | -0.69 ...
科创100ETF基金(588220)盘中上涨,深化科创板一揽子政策措施有望加速出台
Sou Hu Cai Jing· 2025-05-16 02:56
Group 1 - The core viewpoint is that the China Securities Regulatory Commission (CSRC) is expediting a comprehensive policy package to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, aiming to enhance the scale and proportion of medium to long-term capital entering the market [1] - The People's Bank of China and four other departments are implementing policies to support technological innovation, encouraging financial institutions to expand first-time financing and equipment renewal loans for tech companies [1] - Guoyuan Securities believes that under high global technological barriers, companies on the Sci-Tech Innovation Board are pursuing independent innovation across various sectors, including chip design, biomedicine, high-end equipment, and new energy, positioning themselves as pioneers in the international value chain [1] Group 2 - As of April 30, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board 100 Index account for 25.04% of the index, with companies like Hengxuan Technology and BeiGene among the leaders [2] - The Sci-Tech 100 ETF fund has shown a positive performance, with notable increases in the stock prices of several constituent companies, indicating a favorable market sentiment [1]
经纬恒润:ZCU产品自配套小米汽车以来,出货量持续增长
Ju Chao Zi Xun· 2025-05-15 02:55
中央计算平台CCP产品配套小鹏,出货量持续增加;此外,公司的车身域控制器成功助力福田比亚乔轻卡NP6车 型通过欧标最新信息安全等法规认证并量产,标志着经纬恒润正式在欧洲推出商用车域控产品并落地配套。 (4)底盘控制方面,公司底盘域控制器产品配套长安阿维塔并陆续起量;后轮转向产品将于今年量产配套某高 端智慧品牌。 (5)AR HUD方面,公司新获多个车型项目定点并将陆续量产,该产品也是公司单车价值量较高的产品之一。 (6)自研工具软件方向,主要软件系列产品INTEWORK、ModelBase、OrienLink均实现了客户群体的扩大与应 用,涵盖红旗、比亚迪、蔚来、长安、重汽、零跑、百度阿波罗、极氪、广汽、赛力斯、博世等客户。 据介绍,得润电子的研发投入主要在智能驾驶、车身域控、新能源和动力、底盘控制、ARHUD、自研工具软件 等方向,研发成效主要体现如下: (1)智能驾驶方面,公司ADAS推出新一代产品,采用800万像相机,同时ADAS出货量持续提升,2024年出货 量超100万套。 (2)车身域控方面,ZCU、CCP产品出货量持续提升,成为公司收入增量的重要来源。 (3)新能源和动力方面,多合一控制器XCU ...
经纬恒润:公司信息更新报告:业绩短期承压,新客户新项目多点开花-20250512
KAIYUAN SECURITIES· 2025-05-12 08:23
计算机/软件开发 经纬恒润(688326.SH) 业绩短期承压,新客户新项目多点开花 2025 年 05 月 12 日 投资评级:买入(维持) | 日期 | 2025/5/9 | | --- | --- | | 当前股价(元) | 77.63 | | 一年最高最低(元) | 114.88/54.95 | | 总市值(亿元) | 93.13 | | 流通市值(亿元) | 69.90 | | 总股本(亿股) | 1.20 | | 流通股本(亿股) | 0.90 | | 近 3 个月换手率(%) | 95.59 | 股价走势图 数据来源:聚源 -30% 0% 30% 60% 90% 120% 2024-05 2024-09 2025-01 经纬恒润 沪深300 相关研究报告 《Q3 环比亏幅收窄,新客户持续拓展 长期发展可期—中小盘信息更新》 -2024.10.31 《盈利能力小幅承压,全栈式布局下 业绩修复可期—中小盘信息更新》 -2024.8.29 赵旭杨(分析师) 王镇涛(联系人) zhaoxuyang@kysec.cn wangzhentao@kysec.cn 证书编号:S0790124070021 公司发 ...
经纬恒润(688326):公司信息更新报告:业绩短期承压,新客户新项目多点开花
KAIYUAN SECURITIES· 2025-05-12 07:41
| 日期 | 2025/5/9 | | --- | --- | | 当前股价(元) | 77.63 | | 一年最高最低(元) | 114.88/54.95 | | 总市值(亿元) | 93.13 | | 流通市值(亿元) | 69.90 | | 总股本(亿股) | 1.20 | | 流通股本(亿股) | 0.90 | | 近 3 个月换手率(%) | 95.59 | 股价走势图 数据来源:聚源 -30% 0% 30% 60% 90% 120% 2024-05 2024-09 2025-01 经纬恒润 沪深300 计算机/软件开发 经纬恒润(688326.SH) 业绩短期承压,新客户新项目多点开花 2025 年 05 月 12 日 投资评级:买入(维持) 相关研究报告 《Q3 环比亏幅收窄,新客户持续拓展 长期发展可期—中小盘信息更新》 -2024.10.31 《盈利能力小幅承压,全栈式布局下 业绩修复可期—中小盘信息更新》 -2024.8.29 赵旭杨(分析师) 王镇涛(联系人) zhaoxuyang@kysec.cn wangzhentao@kysec.cn 证书编号:S0790124070021 公司发 ...
汽车行业1季度经营分析及投资策略:1季度行业营收平稳增长,优质整车及汽零盈利好于平均水平
Orient Securities· 2025-05-12 01:14
Core Insights - The automotive industry experienced stable revenue growth in Q1 2025, with a year-on-year increase of 6.8%, while total profit decreased by 8.9% to 946.5 billion yuan [11][12] - The report highlights that leading companies in the automotive sector, particularly those with efficient management, have shown better-than-average performance in terms of net profit and operating cash flow [3][8] - The anticipated release of new models and the impact of local consumption promotion policies are expected to support a gradual recovery in automotive company performance in Q2 2025 [3][12] Revenue and Profit Analysis - In 2024, the automotive industry generated a total revenue of 10.65 trillion yuan, reflecting a 5.4% year-on-year growth, while total profit fell by 9.1% to 462.26 billion yuan [11][12] - The Q1 2025 revenue for the automotive industry was 2.40 trillion yuan, with a profit total of 946.5 billion yuan, indicating a continued decline in profitability [11][12] Profitability Comparison - The profitability of passenger vehicle companies showed significant differentiation in Q1 2025, with some companies like BYD and Seres maintaining strong growth, while others like GAC Group and JAC Motors faced challenges [17][18] - In 2024, the overall profit margin for the automotive industry was 12.4%, down 0.9 percentage points year-on-year, and further decreased to 12.1% in Q1 2025 [12][27] Inventory Management - Inventory levels in the automotive sector showed improvement for bus and parts companies, while passenger vehicle companies faced slight increases in turnover pressure [8][12] - By the end of Q1 2025, the inventory of the automotive industry accounted for 20.9% of current assets, a 1.2 percentage point increase year-on-year [8][12] Cash Flow Analysis - The overall cash flow in the automotive industry faced pressure, with the net cash flow from operating activities for the vehicle sector turning negative at -22.19 billion yuan in Q1 2025 [8][12] - The cash flow for parts companies showed a decline, with a total of 123.05 billion yuan in Q1 2025, down 1.4% year-on-year [8][12] Investment Recommendations - The report suggests focusing on leading automotive companies and those involved in the Huawei and Xiaomi supply chains, as well as companies in the humanoid robot and intelligent driving sectors [3][8] - Recommended companies include SAIC Motor, JAC Motors, BYD, Changan Automobile, and several parts manufacturers such as New Spring Co., Silver Wheel Co., and Top Group [3][8]
经纬恒润(688326) - 中信证券股份有限公司关于北京经纬恒润科技股份有限公司2024年度持续督导工作现场检查报告
2025-05-08 10:47
中信证券股份有限公司 一、本次现场检查的基本情况 (一)保荐人 中信证券股份有限公司 (二)保荐代表人 宋永新、刘晓 (三)现场检查人员 刘晓、张昊昕 关于北京经纬恒润科技股份有限公司 2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定,中信证券股份有限公司(以下简称"中信证券"或"保荐 人")作为正在对北京经纬恒润科技股份有限公司(以下简称"经纬恒润""公司" "上市公司")进行持续督导工作的保荐人,对 2024 年度(以下简称"本持续督 导期间")的规范运作情况进行了现场检查,现就现场检查的有关情况报告如下: (四)现场检查时间 2025 年 4 月 28 日-2025 年 4 月 30 日 (五)现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查,具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 (六)现场检查手段 1 本次现场 ...
经纬恒润(688326) - 中信证券股份有限公司关于北京经纬恒润科技股份有限公司2024年持续督导工作现场检查结果及提请公司注意事项
2025-05-08 10:47
基于 2024 年度现场检查,本保荐人提请贵公司关注以下事项: 2024 年度,公司经营业绩下滑并出现亏损情形。保荐人提请公司关注未来 宏观经济环境变化、所属行业市场变化、下游客户需求变化以及对公司的经营业 绩可能带来不利影响的其他因素。建议根据自身实际情况合理调整经营策略,进 一步加强经营管理,防范相关经营风险。对于公司未来业绩波动的情况,公司应 当及时做好相关信息披露工作,及时、充分地揭示相关风险,切实保护投资者利 益。 中信证券股份有限公司 关于北京经纬恒润科技股份有限公司2024年持续督导工作 现场检查结果及提请公司注意事项 北京经纬恒润科技股份有限公司: 中信证券股份有限公司(以下简称"本保荐人")作为对贵公司进行持续督 导的保荐人,按照《上海证券交易所上市公司自律监管指引第 11 号——持续督 导》的有关要求,对贵公司认真履行了持续督导职责。 建议公司继续严格按照《公司法》《证券法》《上海证券交易所科创板股票上 市规则》等法律法规的要求,不断完善公司治理结构,及时履行信息披露义务, 合规合理使用募集资金,有序推进募投项目的建设及实施,确保募投项目完成并 实现预期收益。 附件:《中信证券股份有限公司 ...