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经纬恒润:系列点评一:亏幅环比收窄 产品布局全面推进
民生证券· 2024-08-28 10:30
Investment Rating - The report maintains a "Recommend" rating for the company [2][4] Core Views - The company's revenue in 2024H1 reached 2,027 million yuan, a year-on-year increase of 19.43%, while net profit attributable to the parent company was -333 million yuan, with an expanded loss margin [2] - In 2024Q2, revenue was 1,138 million yuan, up 18.72% year-on-year and 27.92% quarter-on-quarter, with a net profit attributable to the parent company of -142 million yuan, showing a narrowed loss margin quarter-on-quarter [2] - The company is actively expanding its product portfolio, with regional controllers already in mass production for a new energy vehicle model, and smart driving products covering intelligent sensors, integrated driving and parking, and high-level autonomous driving controllers [2] - The company is also advancing its internationalization strategy, securing product approvals from multiple global OEMs/Tier1s and establishing a factory in Malaysia to enhance supply chain integration [2] - The report forecasts the company's revenue for 2024-2026 to be 5,721/7,009/8,254 million yuan, with net profit attributable to the parent company of -15/294/501 million yuan, and EPS of -0.12/2.45/4.17 yuan [2][3] Financial Performance and Forecast - 2024Q2 gross margin was 20.91%, down 7.59 percentage points year-on-year and 3.77 percentage points quarter-on-quarter, while net profit margin was -12.45%, down 12.29 percentage points year-on-year but up 9.11 percentage points quarter-on-quarter [2] - The company's sales/management/R&D/financial expense ratios in 2024Q2 were 7.26%/8.13%/21.70%/-0.94%, with R&D expenses decreasing significantly quarter-on-quarter [2] - The report predicts the company's revenue growth rates for 2024-2026 to be 22.3%/22.5%/17.8%, with net profit growth rates of 93.2%/2088.8%/70.6% [3][5] - The company's gross margin is expected to remain stable at around 25.57%-27.48% from 2024 to 2026, with net profit margins turning positive from 2025 onwards [5] Business Development - The company is accelerating the iteration of distributed automotive electronic products and expanding its business boundaries by launching domain-integrated products [2] - Key products such as chassis domain controllers and AR-HUD have been successfully deployed in multiple vehicle models, with AR-HUD entering mass production for a mainstream model [2] - The company has achieved full coverage of vehicle electronic control products, aligning with the industry trend of transitioning from distributed to centralized electronic control systems [2] International Expansion - The company has secured product approvals from international clients including Stellantis, Scania, Navistar, and Magna, among others [2] - The Malaysia factory has been completed and is ramping up production, supporting the company's global supply chain strategy [2] - The company's electronic products are also being supplied to domestic customers' export models, meeting regulatory requirements in multiple countries [2]
经纬恒润:2024H1业绩符合预期,汽车电子业务高速增长
国投证券· 2024-08-28 09:31
[Table_Finance1] 公司快报 2024 年 08 月 28 日 经纬恒润-W(688326.SH) 2024H1 业绩符合预期,汽车电子业务 高速增长 事件:8 月 27 日,公司发布 2024 年半年报。2024 年 H1 公司实现营收 20.3 亿元(同比+19.43%),归母净利润-3.3 亿元(同比亏损扩大),扣非 归母净利润-3.9 亿元(同比亏损扩大)。2024Q2 单季度营收 11.38 亿元(同 比+18.72%,环比+27.92%),归母净利润-1.42 亿元(同比亏损扩大,环比 亏损减少),扣非后归母净利润-1.7 亿元(同比亏损扩大,环比亏损减少)。 公司 2024 年上半年业绩符合预期,汽车电子业务增长强劲,持续加大研 发投入导致盈利能力承压。分产品看,2024H1 公司汽车电子业务营收 16.8 亿元,同比+32.8%;研发服务及解决方案业务营收 3.41 亿元,同比-19.12%; 高级别智能驾驶整体解决方案业务营收 82.7 万元,同比+65.40%。汽车电 子业务高速增长主要系公司高价值量产品配套小米等新客户项目实现量 产,根据公司官方公众号,公司为小米 SU7 ...
经纬恒润:前瞻高强度研发,智驾放量可期
华西证券· 2024-08-28 06:03
Investment Rating - The report gives a "Buy" rating for Jingwei Hengrun-W, with a target price of 61.2 RMB and a PE ratio of 410.83, 27.22, and 17.29 for 2024-2026 respectively [71][72] Core Views - Jingwei Hengrun, founded in 2003, focuses on three core businesses: electronic products, R&D services and solutions, and high-level intelligent driving solutions. In 2023, the company achieved revenue of 4.678 billion RMB, a year-on-year increase of 16.3%, but net profit attributable to the parent company was -217 million RMB, a year-on-year decrease of 192.17%, mainly due to increased R&D expenses [2] - The company is making forward-looking investments in central computing platforms and regional controllers, with intelligent driving products covering smart sensors, integrated parking and driving, and high-level autonomous driving controllers. The chassis domain controller has been deployed in multiple vehicle models [2] - The company has made breakthroughs with new customers and successfully expanded new businesses. Its automotive electronics products, including body domain controllers, intelligent driving domain controllers, and chassis domain controllers, have been mass-produced and generated revenue. The R&D services and solutions business has delivered EE development and testing projects for clients such as Changan, Zeekr, BYD, and China National Heavy Duty Truck Group, while also expanding to foreign clients like Volvo Asia Pacific, Volkswagen CARIAD, and Stellantis. The high-level intelligent driving solutions business has partnered with Yantai Port and Tangshan Port for the first time. The new AR-HUD product began mass production in the second half of last year, contributing significantly to revenue growth [2] Business Overview - Jingwei Hengrun is a comprehensive solution provider in the automotive electronics field, focusing on providing electronic products, R&D services, and high-level intelligent driving solutions for the automotive and unmanned transportation sectors. The company adheres to a strategy of "professional focus," "technological leadership," and "platform development," aiming to become a world-class integrated electronic system technology service provider, a full-stack intelligent connected vehicle solution provider, and a leader in high-level intelligent driving MaaS solutions [3] - The company has a clear division of labor among its subsidiaries, with businesses mainly concentrated in high-end equipment electronics, R&D services and solutions, automotive electronics R&D and production, and overseas business and market expansion [8] Financial Performance - From 2018 to 2023, the company's business achieved rapid growth, with a CAGR of 25%. The revenue from electronic products, R&D services and solutions, and high-level intelligent driving solutions reached 3.419 billion RMB, 1.233 billion RMB, and 12 million RMB respectively, with year-on-year growth rates of 11%, 32%, and 262%. Since 2021, the proportion of R&D services and solutions has increased, reaching 26% in 2023 [9][10] Intelligent Driving Business - The company has a product matrix covering L2, L2+, and L2++ autonomous driving levels. Its L2 products include the Forward Active Safety Camera (FAS-Cam), while L2+ products include the ADCU domain controller based on EQ6L+TDA4+TC397, which supports advanced driving assistance functions such as automatic parking and highway NOP. The L2++ product is based on Mobileye's SV52 platform, which can achieve L2.9 level autonomous driving in urban environments [19][20] - The company's L2+ high-level intelligent driving business focuses on the L2.5 product, which integrates 6 cameras, 5 millimeter-wave radars, and 12 ultrasonic radars, enabling functions such as automatic parking, highway NOP, and urban memory driving [21] - The company's L2++/L3 high-level intelligent driving business is centered on the L2.9 product, which uses Mobileye's SV52 platform with 7 8-megapixel cameras, 4 2-megapixel surround-view parking cameras, 1 front millimeter-wave radar, and 12 ultrasonic radars, enabling L2.9 autonomous driving in urban scenarios [36] Body and Comfort Domain - The company's body and comfort domain products include anti-pinch controllers, body control modules, smart cabin sensing systems, keyless entry and start systems, body domain controllers, and adaptive front lighting system controllers. These products have been mass-produced and deployed in vehicles from clients such as FAW Group, Geely, and Great Wall Motors [44][45][47] - The company has made significant progress in the development of body domain controllers, with a cumulative investment of 174 million RMB by 2023. The project integrates functions such as interior and exterior lighting, wipers, smart entry and start, seats, electric doors, windows, and OTA, and is expected to achieve MCU-side AB flashing and MPU-side intelligent diagnosis functions [49] Chassis and Intelligent Networking - The company's chassis control products include electric power steering controllers, electronic parking brake systems, and chassis domain controllers. These products have been mass-produced and deployed in vehicles from clients such as Changan, Chery, and NIO [57][59] - In the intelligent networking field, the company provides remote communication controllers (T-Box) and gateway products. The T-Box product line includes Entry, Standard, and Premium series, while the gateway products cover CAN, LIN, Flexray, and Ethernet networks, meeting the needs of different OEMs [54][56] High-Level Intelligent Driving Solutions - The company's high-level intelligent driving solutions cover multiple fields, including "vehicle-road-network-cloud-map" and operations. The core product is the Heavy Autonomous Vehicle (HAV), which integrates the company's long-accumulated technologies and mature products, including vehicle electronic and electrical architecture, intelligent networking controller components, embedded basic software, autonomous driving algorithms, chassis control algorithms, and battery management algorithms [69] Profit Forecast - The company is expected to achieve revenue of 5.434 billion RMB, 7.099 billion RMB, and 8.104 billion RMB in 2024-2026, with net profit attributable to the parent company of 17 million RMB, 260 million RMB, and 409 million RMB respectively. The EPS is expected to be 0.14 RMB, 2.17 RMB, and 3.41 RMB for the same period [71][72]
经纬恒润(688326) - 2024 Q2 - 季度财报
2024-08-27 13:28
Share Structure and Voting Rights - The company has a special voting rights arrangement with A-class shares holding 6 times the voting power of B-class shares, and the initial A-class shares are 8,526,316, accounting for 7.11% of the total shares[3] - The total voting rights of A-class shares are 51,157,896, accounting for 31.46% of the company's total voting rights[3] - As of June 30, 2024, the company has converted 367,881 A-class shares to B-class shares, maintaining the special voting rights ratio at 31.46%[4] - The company's special voting rights system ensures the controlling shareholder's control while protecting the interests of B-class shareholders[4] - Ji Yingcun holds 8,158,435 Class A shares with 6 times the voting rights of Class B shares, totaling 70,275,594 voting rights, representing 45.17% of total voting rights[146] - The company initially set up 8,526,316 Class A shares, with Ji Yingcun holding 7.11% of the total shares and 31.46% of the total voting rights[145] - The total voting rights of the top 10 shareholders amount to 112,578,445, representing 72.36% of the total voting rights[144] Corporate Governance and Compliance - The company has no non-operational fund occupation by controlling shareholders or related parties[6] - The company has no violations of decision-making procedures for external guarantees[6] - The company's actual controller and major shareholders have fulfilled their commitments regarding share restrictions and related party transactions[98][99] - The company and its controlling shareholders have maintained good faith and compliance with laws and regulations during the reporting period[119] - The company's total related-party transactions amounted to 804,600 yuan, accounting for 0.0352% of similar transactions[120] - The company's related-party transactions with Sanhuan Hirain and Suzhou Zhitu were conducted at market prices, with no significant differences from market reference prices[120] - The company's controlling shareholder and actual controller, Ji Yingcun, has made commitments to avoid同业竞争, ensuring no engagement in similar businesses and transferring any competitive business opportunities to the company[108] - Ji Yingcun has also committed to规范关联交易, ensuring fair and transparent关联交易 practices to protect the interests of the company and its shareholders[108] - The company's controlling shareholder and actual controller, Ji Yingcun, commits to voting in favor of share repurchase plans that comply with regulations during board and shareholder meetings[110] - The company pledges to initiate a share repurchase process within 5 working days if it is found to have fraudulently issued shares and listed on the STAR Market[110] - The controlling shareholder, Ji Yingcun, promises to ensure the company starts the share repurchase process within 5 working days if fraudulent issuance is confirmed[110] - The company commits to implementing measures to mitigate the impact of the issuance on immediate returns and protect shareholder interests[111] - The controlling shareholder, Ji Yingcun, also commits to ensuring the company takes measures to mitigate the impact on immediate returns[111] - Shareholders holding more than 5% of shares, including Cao Xuming, Cui Wenge, and Zhang Qin, pledge to avoid and reduce related-party transactions with the company[109] - These major shareholders commit to ensuring the fairness of related-party transactions by adhering to market principles and avoiding any actions that harm the company or minority shareholders[109] - Company directors, supervisors, and senior management also commit to avoiding and reducing related-party transactions and ensuring their fairness[110] - The company's directors, supervisors, and senior management pledge to recuse themselves from voting on related-party transactions during board meetings[110] - The company and its controlling shareholder emphasize compliance with laws, regulations, and the company's articles of association to protect shareholder interests[109][110][111] - The company's controlling shareholder and actual controller commit not to interfere with the management activities of Jingwei Hirain and not to encroach on the company's interests[112] - Directors and senior management pledge not to transfer benefits to other entities or individuals under unfair conditions and to constrain personal consumption related to their positions[112] - The company promises to strictly comply with profit distribution policies and link executive compensation to the implementation of measures to fill returns[112] - The company commits to repurchasing all newly issued shares at a price not lower than the IPO price if there are false statements or omissions in the prospectus[112] - The controlling shareholder, Ji Yingcun, pledges to ensure the company repurchases shares and compensates investors for direct economic losses if the prospectus contains false information[113] - Directors, supervisors, and senior management promise to compensate investors for direct economic losses if the prospectus contains false statements or omissions[113] - The company will delay cash dividends and bonuses for board members if commitments are not fulfilled[112] - The controlling shareholder will propose remedial measures if commitments are not fulfilled and may face restrictions on stock transfers[113] - Directors and senior management may have their salaries and dividends delayed if they fail to fulfill compensation commitments[113] - The company has committed to strict measures for unfulfilled promises, including public apologies, suspension of bonuses for responsible directors, and compensation for investor losses[114][115] - The company's controlling shareholder, Ji Yingcun, has pledged to adhere to the commitments in the prospectus, with measures such as public apologies, suspension of salary, and compensation for investor losses if commitments are not met[115] - Directors, supervisors, and senior management have committed to fulfilling the prospectus commitments, with penalties including public apologies, suspension of salary, and compensation for investor losses if commitments are not met[115] - The company has committed to not providing loans or financial assistance for restricted stock obtained under the equity incentive plan[115] - Incentive recipients have committed to returning all benefits obtained from the equity incentive plan if the company's information disclosure contains false records or misleading statements[116] - The company reported no significant litigation or arbitration matters during the reporting period[119] Financial Performance and Metrics - Revenue for the reporting period (1-6 months) was RMB 2,027,001,258.37, a year-on-year increase of 19.43%[17] - Net profit attributable to shareholders of the listed company was RMB -333,375,951.07, compared to RMB -89,054,432.09 in the same period last year[17] - R&D investment accounted for 31.27% of revenue, an increase of 3.81 percentage points year-on-year[19] - Total assets at the end of the reporting period were RMB 8,888,084,006.72, a decrease of 4.71% compared to the end of the previous year[17] - Net cash flow from operating activities was RMB -726,513,424.27, compared to RMB -624,581,012.92 in the same period last year[17] - Weighted average return on equity was -7.22%, a decrease of 5.53 percentage points year-on-year[18] - Non-recurring gains and losses amounted to RMB 53,836,772.14, including government subsidies of RMB 11,838,511.99[20][22] - The company's total R&D investment increased by 36.03% year-on-year, reaching 633.9 million yuan, with the R&D investment accounting for 31.27% of the total revenue, an increase of 3.81 percentage points[38] - The capitalised R&D investment increased by 138.39% year-on-year, reaching 96.6 million yuan, accounting for 15.24% of the total R&D investment, an increase of 6.54 percentage points[38] - The company's R&D investment increased significantly due to the need for product foresight, technological innovation, and R&D personnel reserves, leading to a 36.03% increase in total R&D investment[39] - R&D capitalization ratio significantly changed due to projects entering the development phase, meeting capitalization criteria[40] - Advanced Driver Assistance System (ADAS) development project invested 6,944.47 million yuan in the current period, with a cumulative investment of 39,768.99 million yuan[41] - Passenger car body controller development project invested 4,947.55 million yuan in the current period, with a cumulative investment of 22,319.93 million yuan[43] - AR-HUD augmented reality product invested 3,424.09 million yuan in the current period, with a cumulative investment of 10,764.66 million yuan[43] - Remote communication controller development project invested 3,088.39 million yuan in the current period, with a cumulative investment of 20,130.02 million yuan[44] - Automotive electronic system development and testing toolchain project invested 2,784.29 million yuan in the current period, with a cumulative investment of 19,074.18 million yuan[44] - The company's R&D expenses for the top 10 projects in the first half of 2024 amounted to RMB 32,068.53 million, with a total investment of RMB 182,842.19 million[47] - The number of R&D personnel increased to 3,344, accounting for 51.84% of the total workforce, with a total R&D payroll of RMB 66,024.40 million[48] - Revenue increased by 19.43% to RMB 2,027,001,258.37, driven by growth in electronic product sales orders[69] - Net profit attributable to shareholders was RMB -333,376,000, impacted by increased R&D investments and hiring of over 1,000 technical and R&D personnel[58] - R&D expenses rose by 26.28% to RMB 537,301,240.61, reflecting the company's focus on product innovation and technological advancement[69] - Inventory value reached RMB 1,768,432,900, accounting for 19.90% of total assets, with contract performance costs making up 55.53% of inventory[64] - Accounts receivable stood at RMB 1,318,841,600, representing 65.06% of revenue, highlighting potential bad debt risks[65] - Gross margin faced downward pressure due to factors like customer and business structure changes, raw material price fluctuations, and market competition[63] - The company's top five customers accounted for approximately 50% of total revenue, indicating high customer concentration risk[61] - The company's monetary funds decreased by 49.18% to 1.67 billion yuan, accounting for 18.83% of total assets, primarily due to stock repurchases, structured deposits, and increased payments to suppliers and employees[71] - Other current assets increased by 164.09% to 56.56 million yuan, driven by increased debt investments and deductible input taxes[71] - Construction in progress increased by 101.10% to 348.08 million yuan, reflecting ongoing infrastructure project investments[71] - Intangible assets grew by 49.08% to 688.65 million yuan, mainly due to the acquisition of land use rights[71] - Development expenditures increased by 90.26% to 145.22 million yuan, as R&D projects entered the development phase and met capitalization criteria[72] - Short-term borrowings surged by 227.14% to 600.75 million yuan, driven by increased operational and cash management needs[72] - Overseas assets totaled 142.20 million yuan, representing 1.60% of total assets[73] - The company's investment in financial assets at fair value decreased by 80.02% to 61.50 million yuan compared to the same period last year[76] - Foreign exchange derivatives generated an investment income of 586,400 yuan during the reporting period[79] - The company has implemented strict risk control measures for foreign exchange derivatives, including selecting simple and liquid products, and only engaging with large banks and financial institutions[81] - Total guarantee amount (A+B) is RMB 40,077.67 million, accounting for 9.13% of the company's net assets[126] - Direct or indirect guarantee amount for entities with a debt-to-asset ratio exceeding 70% is RMB 18,918.94 million[126] - Total guarantee amount for subsidiaries during the reporting period is RMB 37,411.31 million[126] - Total funds raised from the initial public offering (IPO) are RMB 3,630,000,000.00, with net proceeds after deducting issuance costs of RMB 3,488,017,400.24[127] - Cumulative investment in raised funds as of the reporting period end is RMB 2,287,292,809.93, representing 65.58% of the total net proceeds[127] - Investment in raised funds during the current year is RMB 416,328,255.72, accounting for 11.94% of the total net proceeds[127] - The total planned investment for the "Jingwei Hirain Digital Capability Enhancement Project" is RMB 253.6 million, with a cumulative investment of RMB 167.68 million, achieving 66.12% of the planned progress[128] - The "Jingwei Hirain Nantong Automotive Electronics Production Base Project" has a total planned investment of RMB 726.25 million, with a cumulative investment of RMB 387.16 million, achieving 53.31% of the planned progress[130] - The "Jingwei Hirain Tianjin R&D Center Construction Project" has a total planned investment of RMB 911.98 million, with a cumulative investment of RMB 571.36 million, achieving 62.65% of the planned progress[130] - The "Jingwei Hirain Tianjin New Factory" project, a new initiative, has a total planned investment of RMB 600 million, with a cumulative investment of RMB 164.9 million, achieving 27.48% of the planned progress[130] - The "Permanent Working Capital Supplement" project has been fully invested with RMB 996.19 million, achieving 100% of the planned progress[130] - The company has authorized the use of up to RMB 1.7 billion in idle raised funds for cash management, with a current balance of RMB 1.142 billion as of the reporting period[131] - The total number of shares decreased by 8,400, with the proportion of restricted shares dropping from 34.46% to 33.76% and the proportion of unrestricted shares increasing from 65.54% to 66.24%[133] - The company's initial public offering (IPO) strategic placement restricted shares totaling 826,446 shares were released for trading on April 19, 2024[134] - The company repurchased and canceled 8,400 restricted shares from 4 incentive recipients who left the company, effective April 30, 2024[134] - As of the end of the reporting period, the total number of ordinary shareholders was 7,246[136] - The top 10 shareholders held a total of 29,483,419 shares, representing 24.57% of the total shares, with the largest shareholder being Ji Yingcun[139] - The top 10 shareholders with unrestricted shares held a total of 13,807,449 shares, with the largest being Cao Xuming[139] - The company's restricted shares decreased by 826,446 shares during the reporting period, with a total of 592,000 shares remaining restricted[135] - The company's restricted shares are expected to be released in batches on December 21, 2024, 2025, 2026, and 2027, totaling 592,000 shares[135] - The company's top 10 shareholders include both individual and institutional investors, with no significant changes in shareholding structure[139] - The company's top 10 shareholders with unrestricted shares include both individual and institutional investors, with no significant changes in shareholding structure[139] - Ji Yingcun holds 29,471,499 restricted shares, which will be tradable on October 19, 2025[141] - Beijing Fangyuan Jiuzhou Investment Center holds 2,344,161 restricted shares, tradable on April 19, 2025[141] - Beijing Tiangang Shanqiu Investment Center holds 1,935,607 restricted shares, tradable on April 19, 2025[141] - Beijing Tiangang Xinli Investment Center holds 1,772,632 restricted shares, tradable on April 19, 2025[141] - Beijing Heli Shunying Investment Center holds 1,712,354 restricted shares, tradable on April 19, 2025[141] - The company's 2023 equity incentive plan includes 15 incentive objects holding 6,000 restricted shares, with staggered vesting dates starting from December 21, 2024[142] - The company's total assets decreased from 9,327,735,166.29 to 8,888,084,006.72 from December 31, 2023, to June 30, 2024[151][152] - The company's cash and cash equivalents decreased from 3,292,541,677.77 to 1,673,237,634.56 during the same period[151] - Inventory increased from 1,619,902,363.30 to 1,768,432,902.50, indicating a growth in stock levels[151] - Accounts receivable increased slightly from 1,285,216,866.29 to 1,318,841,558.30[151] - The company's short-term borrowings increased significantly from 183,636,417.06 to 600,750,942.34[152] - Total current liabilities increased from 3,872,823,984.10 to 4,067,334,531.43[152] - The company's intangible assets grew from 461,938,150.14 to 688,649,849.61, reflecting potential investments in intellectual property or technology[151] - Development expenditure increased from 76,325,245.07 to 145,215,684.73, indicating higher R&D spending[151] - The company's total non-current assets increased from 2,672,018,071.30 to 3,273,545,257.06, showing growth in long-term investments[151] - The company's total liabilities increased from 3,872,823,984.10 to 4,067,334,531.43, reflecting a rise in financial obligations[152] - Total liabilities increased to 4.5 billion RMB, up from 4.33 billion RMB in the previous period[153] - Owner's equity decreased to 4.39 billion RMB from 5.00 billion RMB, a decline of 12.3%[153] - Total assets decreased to 8.89 billion RMB from 9.33 billion RMB, a reduction of 4.7%[153] - Monetary funds decreased to 1.17 billion RMB from 1.74 billion RMB, a drop of 32.6%[154] - Accounts receivable increased to 1.2 billion RMB from 1
经纬恒润(688326) - 经纬恒润投资者关系活动记录表(2024年7月23日、25日)
2024-07-26 07:36
证券代码:688326 证券简称:经纬恒润 编号:2024-012 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 □电话会议 □券商策略会 □其他 (排名不分先后,按字母顺序排列) Brilliance Capital,北京紫薇私募,财通证券,东方证 券,国寿资产,国新证券,国信证券,禾永投资,合煦智远 参与单位名称 基金,弘康人寿,华夏基金,建信基金,健顺投资,君成基 金,民生证券,暖逸欣,融通基金,天弘基金,浙商证券, 中电科投资,中国人寿资管,中航证券,中金公司 会议时间 2024 年 7 月 23 日、2024 年 7 月 25 日 北京经纬恒润科技股份有限公司 投资者关系活动记录表 会议地点 北京 上市公司接待 证券事务代表:高冰 人员姓名 投资者关系活 1. 公司 2023 年研发投入较多,研发投入的成果转化情况如 动主要内容介 何? 绍 答:公司主要研发投入方向包括:高阶智驾,域控制器,其 他新产品如 AR-HUD,自研软件,高级别智能驾驶整体解决 方案等。 公司的研发投入已有一定成果体现:(1)汽车电子产品业 务方面,公司的车 ...
经纬恒润(688326) - 经纬恒润投资者关系活动记录表(2024年7月17日、18日)
2024-07-19 10:06
证券代码:688326 证券简称:经纬恒润 北京经纬恒润科技股份有限公司 投资者关系活动记录表 编号:2024-011 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 电话会议 □券商策略会 □其他 (排名不分先后,按字母顺序排列) 百年保险资管,大成基金,大家资产,东吴证券,东兴基 金,广发基金,国盛证券,禾永投资,华夏久盈,汇添富, 建信基金,精砚私募,景顺长城,明世伙伴,诺安基金,平 参与单位名称 安基金,乔贝资本,尚峰投资,西南证券,信泰人寿,易方 达,招商基金,浙商资管,正圆投资,中航基金,中金公 司,中信保诚,中银国际 会议时间 2024 年 7 月 17 日、2024 年 7 月 18 日 会议地点 北京 副总经理:刘洋 上市公司接待 人员姓名 证券事务代表:高冰 投资者关系活 1.公司与相关 L4 公司有哪些合作?未来发展空间和弹性如 动主要内容介 何? 绍 答:公司与部分 L4 无人驾驶相关公司在研发服务及解决方 案方面存在业务合作,同时,也在积极布局量产业务。 公司多款传感器、控制器产品均可应用于相关领域,针对相 关项目机会 ...
经纬恒润(688326) - 经纬恒润投资者关系活动记录表(2024年7月2日)
2024-07-04 07:40
证券代码:688326 证券简称:经纬恒润 北京经纬恒润科技股份有限公司 投资者关系活动记录表 编号:2024-010 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 □电话会议 □券商策略会 □其他 (排名不分先后,按字母顺序排列) 诚盛投资,东兴基金,风炎投资,固禾资本,国金证券,国 参与单位名称 融证券,合众资产,和谐汇一,汇添富,康曼德资本,武汉 ...
经纬恒润(688326) - 经纬恒润投资者关系活动记录表(2024年6月25日)
2024-06-27 07:36
证券代码:688326 证券简称:经纬恒润 北京经纬恒润科技股份有限公司 投资者关系活动记录表 编号:2024-009 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 □电话会议 □券商策略会 □其他 (排名不分先后,按字母顺序排列) 长城证券,东吴证券,方正证券,光大计算机,广发基金, 参与单位名称 国信证券,天风证券,西部证券,星石投资,源峰基金,中 ...
经纬恒润(688326) - 经纬恒润投资者关系活动记录表(2024年6月18日)
2024-06-19 10:10
证券代码:688326 证券简称:经纬恒润 北京经纬恒润科技股份有限公司 投资者关系活动记录表 编号:2024-008 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 □电话会议 □券商策略会 □其他 (排名不分先后,按字母顺序排列) 长江证券,华创证券,汇华理财,建信养老,旌安投资,勤 辰资产,人保基金,山信投资,西南证券,英大保险,浙商 参与单位名称 ...
经纬恒润(688326) - 经纬恒润投资者关系活动记录表(2024年6月6日)
2024-06-07 07:35
证券代码:688326 证券简称:经纬恒润 北京经纬恒润科技股份有限公司 投资者关系活动记录表 编号:2024-007 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 □电话会议 □券商策略会 □其他 (排名不分先后,按字母顺序排列) 东兴证券,国联基金,国融基金,国盛证券,华创证券,华 参与单位名称 夏久盈,信泰人寿,中邮保险 ...