金融界消息 截至2025年8月15日收盘，豪恩汽电（301488）报收于76.95元，上涨4.16%，换手率 15.52%，成交量3.63万手，成交金额2.76亿元。 天眼查商业履历信息显示，深圳市豪恩汽车电子装备股份有限公司，成立于2010年，位于深圳市，是一 家以从事仪器仪表制造业为主的企业。企业注册资本9200万人民币，实缴资本6900万人民币。公司法定 代表人为罗小平。 通过天眼查大数据分析，深圳市豪恩汽车电子装备股份有限公司共对外投资了11家企业，参与招投标项 目5次，知识产权方面有商标信息2条，专利信息450条，此外企业还拥有行政许可16个。 来源：金融界 资金流向方面，今日主力资金净流入1087.54万元，占比成交额3.94%。其中，超大单净流入895.98万 元、占成交额3.24%，大单净流入191.55万元、占成交额0.69%，中单净流出流出2590.99万元、占成交 额9.38%，小单净流入1503.46万元、占成交额5.44%。 豪恩汽电最新一期业绩显示，截至2025一季报，公司营业总收入3.87亿元、同比增长35.48%，归属净利 润1841.82万元，同比增长4.44%，扣非净利润1 ...

来源：金融界 天眼查商业履历信息显示，深圳市豪恩汽车电子装备股份有限公司，成立于2010年，位于深圳市，是一 家以从事仪器仪表制造业为主的企业。企业注册资本9200万人民币，实缴资本6900万人民币。公司法定 代表人为罗小平。 通过天眼查大数据分析，深圳市豪恩汽车电子装备股份有限公司共对外投资了11家企业，参与招投标项 目5次，知识产权方面有商标信息2条，专利信息449条，此外企业还拥有行政许可16个。 金融界消息 截至2025年8月11日收盘，豪恩汽电（301488）报收于74.9元，下跌0.17%，换手率 19.44%，成交量4.55万手，成交金额3.40亿元。 资金流向方面，今日主力资金净流出1246.92万元，占比成交额3.67%。其中，超大单净流入198.03万 元、占成交额0.58%，大单净流出1444.95万元、占成交额4.26%，中单净流出流入732.80万元、占成交 额2.16%，小单净流入514.12万元、占成交额1.51%。 豪恩汽电最新一期业绩显示，截至2025一季报，公司营业总收入3.87亿元、同比增长35.48%，归属净利 润1841.82万元，同比增长4.44%，扣非净利润154 ...

Core Viewpoint - The company, Haon Automotive Electronics, plans to raise up to 1.105 billion yuan through a private placement to expand production capacity and upgrade its R&D center, targeting a 3-4 times increase in capacity to meet the growing demand for intelligent driving perception systems and domain controllers [1][2][4]. Group 1: Expansion Plans - The company aims to use the raised funds for three projects: expansion of the Shenzhen production line, construction of a new production line in Huizhou, and upgrading the R&D center, with a total investment of approximately 1.452 billion yuan [4]. - The company has a current production capacity utilization rate of 80%-90% and is planning for a capacity increase of 3-4 times [1][6]. - The expansion is seen as a response to the rapid growth in market demand for core products, particularly in the context of the booming new energy vehicle sector [2][5]. Group 2: Financial Performance - The company's net profit for 2022-2024 is projected to be 1.05 billion yuan, 1.14 billion yuan, and 1.01 billion yuan, indicating stagnation in growth [2][12]. - The sales net profit margin has been declining, with a projected margin of 7.16% in 2024 [3][12]. - Despite revenue growth, the company has faced challenges with profitability, as evidenced by a decrease in net profit in 2024 compared to the previous year [10][11]. Group 3: Market Position and Strategy - The company has established strong partnerships with major automotive manufacturers, including BYD, Xpeng, and Li Auto, which positions it well in the market [9]. - The automotive intelligent perception system industry is transitioning from a "technology explosion" phase to a "scale landing" phase, necessitating significant investment in smart driving technology and ecosystem integration [5]. - The company is betting on a tenfold growth potential in the future, with current orders covering a revenue lifecycle of three to eight years [7][8].

Group 1 - Shenzhen Haon Low-altitude Technology Co., Ltd. has been established with a registered capital of 50 million yuan [1] - The company is involved in various sectors including the research and development of intelligent robots, manufacturing and sales of intelligent unmanned aerial vehicles, and sales of aviation transport equipment [1] - The company is fully owned by Haon Automotive and Electric [1]

经营范围含一般经营项目是：智能机器人的研发；智能无人飞行器制造；智能无人飞行器销售；航空运 输设备销售；民用航空材料销售；智能机器人销售；人工智能硬件销售；人工智能双创服务平台；人工 智能基础软件开发；人工智能应用软件开发；人工智能理论与算法软件开发；软件开发；人工智能行业 应用系统集成服务；软件外包服务；软件销售；数据处理和存储支持服务；物联网设备制造；物联网设 备销售；物联网技术研发；物联网技术服务；工业互联网数据服务；物联网应用服务；数据处理服务； 大数据服务；互联网数据服务；信息技术咨询服务；数字技术服务；信息系统集成服务；技术服务、技 术开发、技术咨询、技术交流、技术转让、技术推广；货物进出口；技术进出口。（除依法须经批准的 项目外，凭营业执照依法自主开展经营活动），许可经营项目是：无 企业名称深圳市豪恩低空技术有限公司法定代表人汪秀丹注册资本5000万人民币国标行业交通运输、仓 储和邮政业>航空运输业>航空客货运输地址深圳市龙华区大浪街道上横朗社区同富裕第三功能区豪恩 科技集团股份有限公司厂房A号410企业类型有限责任公司(法人独资)营业期限2025-8-7至无固定期限登 记机关 来源：金融界 天 ...

Group 1 - Haon Automotive Electronics has entered the robotics field, including humanoid, service, and logistics robots, and has partnered with Shanghai Zhiyuan for product development [1] - The strategic shift of Haon Automotive Electronics enhances its position in the technology industry and may accelerate resource integration within the sector [1] - The industry trend indicates a deepening integration of automotive electronics and robotics technology, with perception technologies like LiDAR becoming core to intelligent robotics [1] Group 2 - Seven departments, including the Ministry of Industry and Information Technology, have issued implementation opinions to promote innovation in the brain-computer interface industry [2] - The policy emphasizes the development of auxiliary devices and high-precision surgical robots for brain-computer interfaces, aiming to enhance interaction control and perception assessment accuracy [2] - This initiative marks a strategic layout for China in the brain-computer interface field, potentially leading to the emergence of high-growth enterprises and attracting venture capital [2] Group 3 - Shangfeng Cement announced an investment of 50 million yuan in Guangzhou Xinxin Photomask Technology Co., Ltd., focusing on semiconductor photomask R&D, production, and sales [3] - This investment aligns with Shangfeng Cement's strategy to focus on high-tech sectors such as semiconductors, new energy, and new materials [3] - The investment in photomasks, a core component of chip manufacturing, reflects the trend of industrial upgrading in China and may foster more cross-industry collaborations [3]

Core Viewpoint - The company has signed a technical cooperation agreement with Shanghai Zhiyuan New Technology Co., Ltd. to develop the Genie02 ultrasonic sensor project, which will lead to customized ultrasonic system products for chassis [1] Group 1 - The collaboration aims to integrate technological, resource, and market advantages from both parties [1] - This partnership is expected to enhance technical synergy, resource integration, and market expansion for both companies [1]

Group 1 - The company has entered the robotics sector, focusing on humanoid robots, service robots, and logistics robots [1] - The products involved include ultrasonic perception, visual perception, LiDAR, domain control, and tactile perception [1] - The company has established a partnership with Shanghai Zhiyuan New Technology for related product development [1]

Core Viewpoint - Haon Automotive (301488.SZ) announced a private placement plan to raise up to 1.105 billion yuan for expanding production lines and upgrading R&D centers, targeting improvements in intelligent driving perception systems and domain controllers [2][4]. Fundraising and Investment Projects - The company plans to raise 1.105 billion yuan, with 304 million yuan allocated for the Shenzhen production line expansion, 472 million yuan for the Huizhou production line construction, and 329 million yuan for upgrading the R&D center, totaling an investment of 1.452 billion yuan [2][3]. - The main products from the Shenzhen and Huizhou projects will be radar and cameras for intelligent driving perception systems and domain controllers, which are Haon Automotive's core products [3]. Market Demand and Client Base - The company is optimistic due to the rapid growth in market demand for its core products and the increasing production and sales data of new energy vehicles. In 2023, the market for vehicle-mounted cameras is expected to reach 67.95 million units, with projections of 83 million units in 2024 and over 100 million units by 2025 [3][4]. - Haon Automotive has established a strong client base, including major automotive manufacturers like BYD, Xiaopeng, and Li Auto, and has secured three product contracts in 2025, with an estimated total revenue of approximately 1.5 billion yuan over their lifecycle [4][6]. Production Capacity and Utilization - The company currently maintains a production capacity utilization rate of 80% to 90%, with a factory in Huizhou already completed and in initial production [4][6]. - The company is planning a 3-4 times increase in production capacity to meet the growing demand from existing orders, indicating a significant potential for capacity enhancement post-fundraising [6]. Financial Performance and Profitability Concerns - Despite steady revenue growth, with year-on-year increases of 10.01%, 11.39%, and 17.25% from 2022 to 2024, the company's net profit growth has turned negative, with a decline of 11.15% expected in 2024 [6][7]. - The company's gross margin has been declining, from 22.10% to 20.93% over the past three years, attributed to competitive pricing pressures in the industry. The company aims for a slight recovery in gross margin to remain between 20% and 22% in 2025 [7].

Core Viewpoint - The company, Haon Electric, has announced a plan to issue A-shares to specific investors in 2025, aiming to raise up to 1.1049391 billion yuan for various projects, including production line expansions and R&D upgrades [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and individuals, with all subscriptions to be made in cash [1]. - The shares will be priced at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. - The total number of shares issued will not exceed 30% of the company's total shares before the issuance, amounting to a maximum of 27.6 million shares [2]. Group 2: Fund Utilization - The total funds raised will be allocated to three main projects: 1. Expansion of the Shenzhen production line with an estimated total investment of 392.88 million yuan, expecting to use 304.46 million yuan from the raised funds 2. Construction of the Huizhou production line with a total investment of 557.47 million yuan, with 471.88 million yuan planned from the raised funds 3. Upgrading the R&D center with a total investment of 501.80 million yuan, expecting to utilize 328.60 million yuan from the raised funds [3]. Group 3: Company Control and Ownership - The company's controlling shareholder is Haon Group, with actual control held by Chen Qingfeng and Chen Jinfang, who collectively controlled 58.76% of voting rights as of March 31, 2025. Post-issuance, their control is expected to decrease to 45.20%, but they will remain the actual controllers [3]. Group 4: Recent Financial Performance - In Q1 2025, the company reported a revenue of 387 million yuan, a year-on-year increase of 35.48%, and a net profit attributable to shareholders of 18.42 million yuan, up 4.44% [5][6]. - The net cash flow from operating activities reached 47.44 million yuan, showing a significant increase of 150.61% compared to the previous year [5][6].