研发成果释放，收入规模扩大。近年来，汽车智能化、电动化高速发展，公司积极开拓国内外市场，持 续进行战略投入，促进产品升级迭代。2025年，公司的前期投入和研发成果得到了有效释放，以域控制 器产品为代表的新产品阵营收入快速放量，持续升级迭代的原有产品阵营收获了更多的客户和项目机 会，推动公司收入规模进一步扩大。 格隆汇1月27日丨经纬恒润(688326.SH)公布，预计2025年年度实现归属于母公司所有者的净利润与上年 同期（法定披露数据）相比，将实现扭亏为盈，实现归属于母公司所有者的净利润7,500.00万元到 11,000.00万元。归属于母公司所有者扣除非经常性损益后的净利润2,750.00万元到4,100.00万元。 ...

1月27日，经纬恒润涨2.02%，截至发稿，报147.77元/股，成交5.80亿元，换手率3.57%，总市值177.26 亿元。经纬恒润股价已经连续3天上涨，区间累计涨幅19.7%。 笪篁累计任职时间5年263天，现任基金资产总规模31.44亿元，任职期间最佳基金回报76.76%， 任职期 间最差基金回报-1.31%。 资料显示，北京经纬恒润科技股份有限公司位于北京市朝阳区酒仙桥路14号1幢4层，成立日期2003年9 月18日，上市日期2022年4月19日，公司主营业务涉及为汽车、高端装备、无人运输等领域的客户提供 电子产品、研发服务及解决方案和高级别智能驾驶整体解决方案。主营业务收入构成为：电子产品业务 87.55%，研发服务及解决方案业务12.21%，其他(补充)0.20%，大总成及特种载具业务0.02%，智能运输 解决方案业务0.01%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此 ...

近期，来自天津西青区的一则消息引起智能网联行业关注。2025年四季度，国内智能网联龙头企业经纬 恒润投用智能网联汽车零部件新产线，进一步扩大产能，全年产值将增长50%。 事实上，经纬恒润与西青区的深度绑定早有脉络。2023年，经纬恒润在西青投资建设了研发中心，从最 初的几十人，到现在已经有超过2000人。最近，经纬恒润还成功开发用于无人驾驶重卡、公交的域控制 器。预计全年总产量，将突破1000万套。 作为天津经济大区，西青区自2019年底获批国家级车联网先导区以来，便在硬件环境建设和营商软环境 优化上协同发力，构建创新生态。除经纬恒润以外，中科慧眼、华芯科技、中汽数据等龙头企业也纷纷 聚集西青。 立足京津冀协同发展战略，西青区充分发挥先进制造产业优势，着力打造京津冀科技成果中试转化优选 地、区域创新网络重要枢纽。繁华的天津南站科技商务区，更是有望成为站产城一体化发展的京津冀世 界级城市群的重要节点。 产业布局的成效已逐步显现。2025年，西青区652家规上工业企业累计完成工业总产值1536.3亿元，规 上工业增加值同比增长5.6%。从优势产业的持续深耕，到新兴赛道的前瞻布局，这里的每一步迈进， 都印证着制造强 ...

答：公司围绕高阶智能驾驶所需的"域控制器+感知+传感器+安全合规"已持续布局，产品的智驾方案涵 盖低、中、高阶以满足客户多样性需求。随着L3准入放开、试点扩大，公司将积极配合主机厂与生态 伙伴推进面向法规与全生命周期安全要求的工程化落地。高阶智驾带来的域控制器、高性能计算平台及 感知类产品（如4D毫米波雷达、DMS等）单车价值量提升与量产项目加速导入，以及围绕功能安全、 信息安全、OT与测试验证等研发服务需求的同步增长都将赋能公司业绩提升，但具体贡献节奏仍取决 于客户车型的准入进度、试点推广范围及量产爬坡情况。 问：子公司润科通用在商业航天业务方面的进展有哪些？ 机构调研要点 问：我国首批L3级自动驾驶车型获准入许可，对公司业绩有何驱动？ 答：润科通用具有综合电子、雷达、通信、控制、机电、电气等专业优势，向客户提供覆盖商业航天全 生命周期的完整技术体系与综合解决方案。火箭方面，2019年由某火箭仿真实验室开启商业航天客户往 来并获得了客户的认可，助力了电子产品方向的配套进展，现已提供的产品包含控制系统的重要组成部 分；卫星方面，子公司已与业内知名公司建立卫星载荷合作关系，获得合作开发某设备的机会。 截至202 ...

Investment Rating - The report provides a positive investment outlook for the automotive industry, particularly focusing on smart vehicles, new energy vehicles, commercial vehicles, and humanoid robots, indicating significant growth potential in these sectors [1][2]. Core Insights - The automotive industry is entering a transformative phase driven by policies that support the development of smart vehicles and the expansion of new energy vehicles. The report highlights the acceleration of intelligent driving technology and the increasing market penetration of new energy vehicles [3][4]. Summary by Relevant Sections Smart Vehicles - The report emphasizes that the intelligent vehicle sector is experiencing rapid advancements due to policy support, with L3 vehicle standards expected to be implemented by 2026. The adoption of advanced driving assistance systems (ADAS) is increasing, with new vehicle models showing significant growth in features like highway and urban NOA (Navigation on Autopilot) [4][68]. - The financing landscape for autonomous driving is booming, with 35 companies in the sector raising over 582 billion yuan in 2025, nearly three times the amount raised in 2023 [4][80]. New Energy Vehicles - The continuation of vehicle replacement policies is expected to bolster sales, with wholesale volumes of new energy passenger vehicles projected to reach 18.16 million units in 2026, a year-on-year increase of 18% [4][34]. - Exports of new energy vehicles have shown remarkable growth, with a 102.5% year-on-year increase in 2025, indicating strong demand in international markets [4][34]. Commercial Vehicles - The heavy truck sector is supported by ongoing vehicle replacement policies, with sales expected to reach 1.196 million units in 2026, reflecting a year-on-year growth of 4.6% [4][34]. - The report notes that the heavy truck market is benefiting from both domestic and international demand, with significant growth anticipated due to the continued penetration of new energy heavy trucks [4][34]. Humanoid Robots - The humanoid robot sector is poised for rapid growth, with applications in automotive manufacturing expected to enhance production efficiency. The report forecasts a compound annual growth rate of approximately 85% in humanoid robot shipments from 2024 to 2035 [4][34]. - The cost of humanoid robots is expected to decrease significantly, with projections indicating that the price of a standard humanoid robot could drop from $80,000-$90,000 to $15,000-$20,000 by 2030 [4][34]. Policy Environment - The report highlights a favorable policy environment that is increasingly supportive of the automotive industry's transition towards smart and electric vehicles. Key policies include the approval of L3 autonomous vehicle models and the establishment of unified standards for vehicle replacement subsidies [4][53]. Market Trends - The automotive market is witnessing a shift towards intelligent and electric vehicles, with consumer preferences evolving towards higher levels of automation and connectivity in vehicles. The report indicates that the penetration rate of intelligent driving features is expected to increase significantly in the coming years [4][68]. Capital Market Activity - The report notes a surge in investment activity within the autonomous driving sector, indicating a strong belief in the future growth of this industry. The capital market's enthusiasm is reflected in the substantial funding raised by various companies, signaling a robust outlook for the sector [4][80].

证券之星消息，1月23日软件开发板块较上一交易日上涨2.47%，经纬恒润领涨。当日上证指数报收于 4136.16，上涨0.33%。深证成指报收于14439.66，上涨0.79%。软件开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688326 | 经纬恒润 | 143.95 | 16.61% | 6.44万 | 8.77亿 | | 300344 | *ST立方 | 1.31 | 13.91% | 171.39万 | 2.23亿 | | 688031 | 星休科技 | 224.30 | 10.33% | 5.28万 | 11.33亿 | | 002405 | 四维图新 | 11.24 | 9.98% | 210.03万 | 22.90亿 | | 301378 | 通达海 | 42.44 | 8.04% | 13.50万 | 5.66亿 | | 688651 | 盛邦安全 | 54.91 | 7.35% | 4.21万 | 2.27亿 | | 920207 | 众诚科技 | ...

| 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 五日均线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 300118 | 东方日 升 | 20.00 | 14.25 | 17.81 | 20.76 | 16.59 | | 688223 | 晶科能 源 | 20.00 | 5.75 | 5.96 | 6.90 | 15.85 | | 688387 | 信科移 动 | 18.41 | 13.88 | 18.89 | 21.87 | 15.78 | | 300724 | 捷佳伟 创 | 20.00 | 18.96 | 116.27 | 134.10 | 15.34 | | 688002 | 睿创微 纳 | 20.00 | 3.34 | 107.39 | 123.31 | 14.83 | | 300436 | 广生堂 | 20.00 | 13.57 | 84.31 | 96.28 | 14.19 | | 688270 | 臻镭科 技 | 20.00 | ...

Group 1 - The aerospace new materials, forklift electrification for overseas markets, and flexible protective layers for robots are viewed positively by institutions, indicating growth certainty or long-term potential [1] - As of January 23, the Shanghai Composite Index rose by 0.29%, the Shenzhen Component Index increased by 0.55%, and the ChiNext Index went up by 0.27% [1] - The ETF market saw the Kweichow Moutai (588670) increase by 1.04%, with several component stocks such as Laplace (688726.SH) and Zhenray Technology (688270.SH) hitting the daily limit [1] Group 2 - Huatai Securities indicates that large low-orbit constellations will drive the scaling of rockets, with cost reductions and engine performance improvements expected to boost two new materials for rockets [2] - The supply side of aerospace stainless steel is highly segmented and customized, with companies having first-mover advantages likely to gain structural growth opportunities; high-temperature alloy suppliers have a competitive landscape that is favorable [2] - CITIC Securities reports that with rising raw material prices and increased demand for AI and storage, a new round of packaging price increases is anticipated, with a focus on advanced packaging and storage packaging segments [2]

Core Viewpoint - The A-share market is experiencing a surge in autonomous driving concept stocks, driven by positive developments in regulatory approvals for Tesla's Full Self-Driving (FSD) technology [1][2]. Group 1: Stock Performance - Ruichuang Micro-Nano (688002) reached a 20% limit up, with a total market capitalization of 56.8 billion and a year-to-date increase of 22.33% [2]. - Jingwei Hengrun (688326) rose by 16.7%, with a market cap of 17.3 billion and a year-to-date increase of 22.61% [2]. - Hanxin Technology (920092) increased by 10.72%, with a market cap of 2.854 billion and a year-to-date increase of 22.81% [2]. - Siwei Tuxin (002405) saw a rise of 9.98%, with a market cap of 26.6 billion and a year-to-date increase of 24.75% [2]. - Other notable performers include Huayi Technology (688071) up by 9.75%, Jiu Zhi Yang (300516) up by 9.32%, and Jingjin Electric (688280) up by 8.61% [2]. Group 2: Market Trends - The overall trend in the A-share market indicates a strong interest in autonomous driving technologies, as evidenced by the significant price increases in related stocks [1]. - Tesla CEO Elon Musk's announcement at the Davos World Economic Forum regarding the potential approval of FSD in Europe and China has likely contributed to the bullish sentiment in the market [1].

特斯拉CEO埃隆 · 马斯克在达沃斯世界经济论坛上表示，特斯拉需驾驶员监督的FSD最快或在下个月获 得欧洲和中国监管机构批准。 1月23日，A股市场无人驾驶概念股走强，其中，睿创微纳20CM涨停，经纬恒润涨超16%，汉鑫科技涨 超10%，四维图新10CM涨停，华依科技、久之洋涨超9%，精进电动、星源卓镁涨超8%，天银机电、 浙江世宝涨超7%，岩山科技、联创电子、科思科技涨超6%，尤洛卡、万集科技、雷科防务涨超5%。 责任编辑：栎树 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 688002 | 容创微纳 | 1 | 20.00 | 568亿 | 22.33 | | 688326 | 经纬恒润-V * | | 16.70 | 173亿 | 22.61 | | 300044 | ST赛为 | 4 | 12.11 | 51.64亿 | 69.42 | | 920092 | 汉鑫科技 | 4 | 10.72 | 28.54亿 | 22.81 | | 002405 | 四维图新 | 楽 | 9.98 | 26 ...