（文章来源：证券日报） 证券日报网讯 1月27日，经纬恒润发布公告称，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。 ...

智通财经APP讯，经纬恒润(688326.SH)发布公告，公司预计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7500万元到 1.1亿元。 ...

每日经济新闻 每经AI快讯，经纬恒润1月27日公告，预计2025年度归母净利润为7500万元到1.1亿元，上年同期亏损 5.5亿元。 ...

每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 （记者 王晓波） 每经AI快讯，经纬恒润1月27日晚间发布业绩预告，预计2025年年度实现归属于母公司所有者的净利润 与上年同期相比，将实现扭亏为盈，实现归属于母公司所有者的净利润7500万元~1.1亿元。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 ...

证券代码：688326 证券简称：经纬恒润 公告编号：2026-002 北京经纬恒润科技股份有限公司 2025 年年度业绩预盈公告 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 经北京经纬恒润科技股份有限公司（以下简称"公司"）财务部门初步测 算： （1）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。 （2）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。 （三）本次业绩预告情况未经注册会计师审计。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 （一）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 ...

Core Viewpoint - The company, Jingwei Hengrun (688326.SH), expects to turn a profit in 2025, projecting a net profit attributable to shareholders of the parent company between 75 million and 110 million yuan, compared to a loss in the previous year [1] Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is anticipated to be between 27.5 million and 41 million yuan [1] Business Development - The company has been actively expanding its domestic and international markets, investing strategically to promote product upgrades and iterations [1] - The release of research and development results is expected to significantly contribute to revenue growth, particularly through new products like domain controllers [1] - The existing product lineup has also gained more customers and project opportunities, further driving revenue expansion [1]

Group 1 - The core point of the article highlights the recent performance of Jingwei Hengrun, which has seen a stock price increase of 2.02% to 147.77 CNY per share, with a total market capitalization of 17.726 billion CNY and a cumulative increase of 19.7% over the last three days [1] - Jingwei Hengrun, established on September 18, 2003, specializes in providing electronic products, R&D services, and high-level intelligent driving solutions for sectors such as automotive, high-end equipment, and unmanned transportation [1] - The company's revenue composition is primarily from electronic products (87.55%), followed by R&D services and solutions (12.21%), with minimal contributions from other segments [1] Group 2 - From the perspective of fund holdings, Huatai-PineBridge Fund has a significant position in Jingwei Hengrun, with its 1000 Enhanced Fund increasing its holdings by 400 shares to a total of 5,306 shares, representing 1.56% of the fund's net value [2] - The 1000 Enhanced Fund has achieved a year-to-date return of 11.7% and a one-year return of 53.06%, ranking 1120 out of 5548 and 1123 out of 4285 respectively in its category [2] - The fund managers, Liu Jun and Zha Huang, have substantial experience, with Liu Jun managing assets totaling 550.928 billion CNY and achieving a best return of 193.73% during his tenure [2]

Core Insights - The core focus of the news is the development and expansion of the intelligent connected vehicle industry in the Xiqing District of Tianjin, with a significant increase in production capacity and value expected from leading companies like Jingwei Hengrun by 2025 [1][2][9] Group 1: Industry Growth and Development - Jingwei Hengrun plans to launch a new production line for intelligent connected vehicle components in Q4 2025, aiming for a 50% increase in annual output value [1] - The district has seen a rise in industrial output, with 652 industrial enterprises expected to achieve a total industrial output value of 153.63 billion yuan in 2025, reflecting a year-on-year growth of 5.6% [2] - The intelligent connected vehicle industry is rapidly evolving, with the integration of AI and communication technologies, and the establishment of a comprehensive testing system for vehicle development [3][4] Group 2: Policy and Support - Xiqing District has implemented a robust policy framework to support emerging industries, including a nurturing system for small and medium-sized enterprises, which has led to the cultivation of 20 national-level "little giant" enterprises [11][12] - The district is committed to enhancing its support for high-tech projects, with plans to attract and support projects with high technological content and strong market potential [6][12] Group 3: Talent and Urban Development - The integration of industry and urban development in Xiqing is evident, with initiatives aimed at improving living conditions and attracting talent, such as the establishment of residential projects and enhanced public services [15][18] - The district's focus on creating a favorable business environment and quality of life is designed to retain talent and foster innovation, contributing to a vibrant economic ecosystem [16][19]

Core Viewpoint - The company, Jingwei Hirain (688326), has seen a significant increase in stock price and market capitalization, driven by advancements in L3-level autonomous driving and developments in commercial aerospace and low-altitude economy sectors [1][4]. Group 1: L3-Level Autonomous Driving - The approval of L3-level autonomous driving models is expected to drive the production of high-level intelligent driving products, enhancing the value of domain controllers and perception products [4]. - The company has been continuously laying out its products around the requirements for high-level intelligent driving, including domain controllers, perception, sensors, and safety compliance [1][4]. - The contribution to the company's performance from high-level intelligent driving will depend on the progress of customer model approvals, pilot promotion scope, and mass production ramp-up [1]. Group 2: Commercial Aerospace - The subsidiary, Runke General, has made progress in commercial aerospace by providing rocket control system components and establishing cooperative development opportunities for satellite payloads [2][4]. - Runke General leverages its expertise in electronics, radar, communication, control, and electromechanical systems to offer a complete technical system and comprehensive solutions for the entire lifecycle of commercial aerospace [2]. Group 3: Low-Altitude Economy - The company has already established a business layout in the low-altitude economy, expanding its service capabilities from aircraft and automobiles to this emerging sector [2]. - The main advantages in the low-altitude economy include a team with backgrounds in automotive and high-end equipment, facilitating smooth communication and cooperation with long-term clients [2]. - The low-altitude economy business capabilities cover avionics, control, power, and energy systems, supporting the entire R&D process and including electronic product offerings [2].

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].