Core Viewpoint - Company has received a significant order from a leading electric vehicle brand for its AK2 radar system, panoramic camera system, and driving recorder system, with an estimated total revenue of approximately 619 million yuan over a project lifecycle of 3-6 years, expected to start production in August 2025 [1][2][3] Group 1: Financial Performance - In Q1 2025, company achieved revenue of 387 million yuan, a year-on-year increase of 35.48%, and net profit of 18.42 million yuan, up 4.44% year-on-year [1][5] - For the year 2024, company reported revenue of 1.409 billion yuan, a growth of 17.25%, while net profit decreased by 11.15% to 110 million yuan [5][6] - The company plans to distribute cash dividends of 5 yuan per 10 shares, totaling 46 million yuan, with a dividend payout ratio of 45.58% for 2024 [5] Group 2: R&D and Innovation - Company has emphasized R&D and innovation since its establishment, becoming a leading supplier of automotive intelligent driving perception systems in China [1][6] - R&D investment has increased from 97.28 million yuan in 2022 to 158 million yuan in 2024, with the proportion of R&D expenditure to revenue rising from 9.02% to 11.21% [6] - As of December 31, 2024, company holds 154 software copyrights and 268 various patents, including 46 invention patents [6] Group 3: Market Position and Strategy - The recent order reflects the client's recognition of the company's capabilities in project R&D, production, and quality management, enhancing its market share and brand awareness [3][4] - Company has a diverse client base, including top global automakers, and offers a wide range of products such as visual perception systems and ultrasonic radar systems [4] - In 2024, company generated 915 million yuan from domestic sales and 494 million yuan from international sales, with respective growth rates of 17.64% and 16.53% [6]

Group 1: Company Developments - Zhao Feng Co., Ltd. (300695.SZ) has not yet engaged in robotics-related business [1] - All Build Co., Ltd. (603030.SH) is currently not involved in robotics-related business [1] - Ri Ying Electronics (603286.SH) currently has no revenue from unmanned robot-related business [1] Group 2: Project Investments - Ri Jiu Optoelectronics (003015.SZ) plans to purchase vacuum magnetron sputtering equipment not exceeding 200 million yuan [1] - Chang Chuan Technology (300604.SZ) intends to establish a joint venture focused on the localization of high-end packaging and testing equipment [1] - Zhejiang University Network New (600797.SH) plans to invest in an equity investment fund, focusing on building an AI and embodied intelligence industry chain [1] Group 3: Contract Awards - Beijing Kerui (002350.SZ) has pre-awarded projects totaling approximately 119 million yuan [1] - Shengshi Technology (002990.SH) intends to bid for the information system engineering project for the third phase expansion of Guangzhou Baiyun International Airport [1] - Jinguang Electric (688517.SH) has won a bid for a State Grid project worth 66.6956 million yuan [1] Group 4: Share Transfers - Haixing Electric (603556.SH) plans to transfer 5% of its shares to Zhou Junhe [1] - *ST Huarong (600421.SH) intends to acquire 34% equity of its subsidiary Zhejiang Zhuangchen [1] Group 5: Share Buybacks - Yinlun Co., Ltd. (002126.SZ) plans to repurchase shares worth 50 million to 100 million yuan [1] - Dongfang Securities (600958.SH) intends to repurchase shares worth 250 million to 500 million yuan [1] Group 6: Shareholding Changes - Tengda Technology (001379.SZ) plans to reduce its holdings by no more than 1.80% [1] - Zhongdian Port (001287.SZ) plans to reduce holdings by a total of no more than 3% [1] - Guangbo Co., Ltd. (002103.SZ) board member Ren Hangzhong plans to reduce holdings by no more than 1.97% [1] - Laimu Co., Ltd. (603633.SH) chairman and general manager Zhu Xinai plans to reduce holdings by no more than 2.31% [1] - Yunda Co., Ltd. (002120.SZ) controlling shareholder plans to increase holdings by 100 million to 200 million yuan [1] - Laobaixing (603883.SH) controlling shareholder plans to reduce holdings by no more than 3% [1] - Huamao Technology (603306.SH) controlling shareholder plans to increase holdings by 100 million to 200 million yuan [1] - Linglong Tire (601966.SH) Linglong Group plans to increase holdings by 200 million to 300 million yuan [1] Group 7: Other Developments - Huina Technology (300609.SZ) is planning a change in company control and will be suspended from trading starting May 7 [2] - Zhongli Co., Ltd. (603194.SH) has signed a strategic cooperation framework agreement with Continental [2] - Haoen Automotive Electronics (301488.SH) has received a designated order for AK2 radar systems, panoramic camera systems, and driving record systems from a leading new energy vehicle brand [2]

Group 1: Ford Motor Company Q1 Financial Results - Ford reported Q1 revenue of $40.7 billion, a 5% year-over-year decline, with adjusted EBIT of $1 billion and net income of $471 million, all below last year's figures [1] - Adjusted earnings per share were $0.14, significantly exceeding analysts' expectations of a $0.04 loss per share [1] - The company suspended its 2025 financial guidance, anticipating a $2.5 billion impact from tariff policies, and plans to raise prices to offset some costs [1] Group 2: Maserati China Management Change - Maserati (China) has undergone a management change, with Davide Grasso stepping down as legal representative and chairman, replaced by Santo Ficili [2] - This change may indicate a strategic shift in response to market dynamics, particularly in the competitive luxury car segment [2] - The new leadership could influence the company's brand image and market strategy, prompting investor interest in Maserati's future developments [2] Group 3: Xiaomi Automotive Patent Announcement - Xiaomi has published a patent for a "wind knife" designed to enhance modal performance and reduce vibration noise during vehicle operation, optimizing aerodynamic performance [3] - This innovation reflects Xiaomi's commitment to improving vehicle performance and comfort, potentially increasing its market competitiveness [3] - The ongoing exploration in the automotive sector may attract consumer attention and boost investor expectations for Xiaomi's future developments [3] Group 4: Waymo's Expansion in Autonomous Ride-Hailing - Waymo is accelerating its expansion in autonomous ride-hailing services, achieving over 250,000 paid rides weekly across four cities [4][5] - The company plans to introduce services in new cities like Atlanta, Miami, and Washington D.C. by 2026, while also building a 239,000 square foot automated factory in Phoenix [4][5] - Collaborations with Moove for fleet management and Toyota for multi-model technology adaptation are aimed at scaling operations [4][5] Group 5: Haon Automotive Orders from Leading EV Brand - Haon Automotive has secured over 619 million yuan in orders for radar systems and other products from a leading electric vehicle brand, with production expected to start in August 2025 [6] - This long-term partnership enhances Haon's revenue outlook and market competitiveness in the automotive electronics and smart systems sector [6] - The growing demand for electric vehicle technology is likely to attract resources into the automotive electronics industry, fostering a positive market environment [6]

Group 1 - Zijin Mining has completed the acquisition of control over Zangge Mining, holding 411 million shares, which is 26.18% of its total share capital [3] - Huayi Group plans to acquire 60% equity of San Aifu for approximately 4.09 billion yuan, aiming to enhance business expansion and competitiveness [6] - Silex reported April sales of 31,488 new energy vehicles, a year-on-year increase of 12.99%, while cumulative sales for the year reached 86,040 units, down 29.87% [4] Group 2 - Huamao Technology's controlling shareholder intends to increase its stake in the company by 100 million to 200 million yuan within six months [2] - Haixing Power's controlling shareholder has signed an agreement to transfer 5% of the company's shares, amounting to 57.9 million yuan, to a related party [5] - Huaneng Technology's controlling shareholder is planning a change in control, which may lead to a transfer of 15% of the company's shares [12] Group 3 - Huzhou Intelligent successfully bid for 75% equity of Shanghai Aerospace Yigeng Intelligent Technology Co., Ltd. for 101 million yuan, focusing on high-end five-axis linkage machine tools [13] - Changchuan Technology plans to establish a joint venture for high-end packaging and testing equipment localization with a registered capital of 100 million yuan [8] - Aoheng Electric received a project confirmation from a leading new energy vehicle brand, with an estimated total revenue of approximately 619 million yuan over the project lifecycle [9] Group 4 - Huazhi Media's film "Dumpling Queen" has grossed approximately 218 million yuan in ticket sales within six days of release, exceeding 50% of the company's last audited annual revenue [10] - Yinlun Co. plans to repurchase shares worth 50 million to 100 million yuan, with a maximum price of 36 yuan per share [11]

Group 1 - Ningde Times announced a share buyback plan with a total fund of 40 billion to 80 billion yuan, having repurchased 6.641 million shares, accounting for 0.1508% of the total share capital, with a total expenditure of 1.551 billion yuan [1] - Guoxin Technology successfully tested its quantum-resistant password chip AHC001, which is based on a domestic 28nm process and features low power consumption and high security, aimed at high-security applications [2] - Jingcheng Co. plans to introduce investors through a capital increase and share expansion for its subsidiary Tianhai Hydrogen Energy, with details yet to be determined [3] Group 2 - Weir Shares' shareholder plans to exchange up to 10 million shares for an open-ended index fund, representing 0.82% of the total share capital, aimed at optimizing asset allocation [4] - Zhejiang University Network New committed 33 million yuan to invest in a venture capital fund focusing on artificial intelligence and robotics, with a total target size of 100 million yuan [5] - Huayi Group intends to acquire 60% of San Aifu for 4.091 billion yuan to expand its business in fluorine fine chemicals, with funding sourced from its own or self-raised funds [6] Group 3 - Huina Technology's controlling shareholder is planning a change of control, leading to a temporary suspension of stock trading [7] - Tongyu Heavy Industry's actual controller will change from Zhuhai State-owned Assets Supervision and Administration Commission to Shandong State-owned Assets, following a share transfer agreement [8] - Kangxi Communication terminated its major asset restructuring plan and shifted to a strategic investment plan to acquire 35% of Shenzhen Chip Zhongxin Technology [9] Group 4 - Huafeng Measurement Control's shareholder plans to transfer 2.9% of its shares due to funding needs, with the transfer price set at a minimum of 70% of the average trading price over the previous 20 trading days [10] - Xiangyuan Cultural Tourism reported a 50.47% year-on-year increase in revenue during the May Day holiday [13] - Sairisi's April new energy vehicle sales increased by 12.99% year-on-year [13]

Major Events - *ST Huaron plans to acquire 34% stake in Zhejiang Zhuangchen for 19.728 million yuan, increasing its ownership from 51% to 85%, which will optimize the asset structure and promote business development [3][4] - Huazhi Media's film "Dumpling Queen" has grossed approximately 218 million yuan in ticket sales within six days of release, exceeding 50% of the company's audited revenue for the last fiscal year [5][6] - Shanghai International Group intends to transfer 339 million shares of Shanghai International Port Group to Jiushi Group without compensation, which will not change the major shareholder or actual controller [6] - Weili Medical's subsidiary received EU MDR certification for portable infusion pumps and disposable storage boxes, enhancing market access in Europe [7] - Guoxin Technology successfully tested a new quantum-resistant chip, AHC001, based on domestic 28nm process technology [8] Performance Overview - Tianbang Foods reported April sales of 470,900 pigs, generating revenue of 691 million yuan, with a sales price of 16.29 yuan/kg, showing a month-on-month decline [9] - Weisheng Information won a procurement project from State Grid Hebei Electric Power Company worth 15.4587 million yuan, representing 0.56% of the company's audited revenue for 2024 [10] - Hanma Technology's truck sales in April reached 1,127 units, marking a year-on-year increase of 56.96% [11] - Western Pastoral's fresh milk production in April increased by 0.47% year-on-year, totaling 3,024.95 tons [12] - Xiangyuan Cultural Tourism reported a 50.47% year-on-year increase in revenue during the May Day holiday, with 623,600 visitors [13] Major Contracts - Zhongli Co. signed a strategic cooperation framework agreement with Jungheinrich AG to promote electrification in the global material handling industry [14] - Far East Holdings received contracts worth 2.646 billion yuan in April for projects exceeding 10 million yuan [15] - Haoen Automotive received a designated letter from a leading new energy vehicle brand for radar and camera systems, with an estimated total revenue of 619 million yuan over 3-6 years [16] - Aopu Optoelectronics signed a contract for an optical system development worth 297 million yuan, accounting for 39.84% of the company's audited revenue for 2024 [17] - Zhonghua Rock and Soil's subsidiary won a bid for a 181 million yuan engineering project [18] Shareholding Changes - Linglong Tire's controlling shareholder plans to increase its stake in the company by 200 million to 300 million yuan within six months [19] Stock Buyback - Tiantong Co. secured a loan commitment of up to 45 million yuan for stock buyback purposes [20]

Core Viewpoint - The company, Haon Automotive Electronics, has received a significant order for its AK2 radar system and other products from a leading electric vehicle brand, projecting a total revenue of approximately 619 million yuan over the project's lifecycle of 3-6 years, with production expected to start in August 2025 [1] Group 1: Financial Performance - In Q1 2025, the company reported total revenue of 387 million yuan, a year-on-year increase of 35.48% [1] - The net profit attributable to shareholders was 18.42 million yuan, up 4.44% year-on-year [1] - The net cash flow from operating activities was 47.44 million yuan, a significant improvement from a negative 93.75 million yuan in the same period last year [1] Group 2: Business Development - The company has doubled its investment in the research and production of the AK2 ultrasonic system due to the growing popularity of intelligent driving [2] - The company has a robust order backlog, serving top global automotive manufacturers with a range of products including visual perception systems and radar systems [2] - The company has begun to expand into the robotics sector, establishing a subsidiary focused on perception technology and engaging in discussions with multiple robotics companies [2]

Group 1 - *ST Huaron plans to acquire 34% stake in Zhejiang Zhuangchen, increasing its ownership from 51% to 85%, optimizing asset structure and promoting business development [3] - Huazhi Media's film "Dumpling Queen" has grossed approximately 218 million yuan in its first six days, exceeding 50% of the company's audited revenue for the last fiscal year [4] - Shanghai International Group intends to transfer 339 million shares of Shanghai International Port Group to Jiushi Group without compensation, which will not change the major shareholder or actual controller [5] Group 2 - Weili Medical's subsidiary received EU MDR certification for portable infusion pumps and disposable storage boxes, enhancing market access in Europe [6] - Guoxin Technology successfully tested a new quantum-resistant chip, AHC001, based on domestic 28nm process technology [7] - Tianbang Foods reported April sales of 470,900 pigs, generating revenue of 691 million yuan, with a sales price of 16.29 yuan/kg [9] Group 3 - Weisheng Information won a procurement project from State Grid Hebei Electric Power Company worth 15.4587 million yuan, representing 0.56% of the company's audited revenue for 2024 [10] - Hanma Technology produced 1,120 trucks in April, with sales of 1,127 trucks, marking a year-on-year increase of 56.96% [11] - Western Pastoral's fresh milk production in April increased by 0.47% year-on-year, totaling 3,024.95 tons [12] Group 4 - Xiangyuan Cultural Tourism reported a 50.47% increase in revenue during the May Day holiday, with 623,600 visitors [13] - Zhongli Co. signed a strategic cooperation framework agreement with Jungheinrich AG to promote the electrification of the global material handling industry [15] - Far East Holdings received contracts worth 2.646 billion yuan in April for projects exceeding 10 million yuan [16] Group 5 - Haon Automotive received a project confirmation from a leading new energy vehicle brand, with an estimated total revenue of 619 million yuan over 3-6 years [17] - Aopu Optoelectronics signed a contract for the development of an optical system worth 297 million yuan, accounting for 39.84% of the company's audited revenue for 2024 [18] - Zhonghua Rock and Soil's subsidiary won a bid for a project worth 181 million yuan, representing 11.84% of the company's revenue for 2024 [19] Group 6 - Linglong Tire's controlling shareholder plans to increase its stake in the company by 200 million to 300 million yuan within six months [21] - Tiantong Co. obtained a loan commitment of up to 45 million yuan for stock repurchase purposes [24]

Core Viewpoint - The company, Haon Qidian (301488.SZ), has received a designated letter from a leading electric vehicle brand for its AK2 radar system, panoramic camera system, and driving recorder system, indicating a significant business opportunity with a projected revenue of approximately 619 million yuan over the project's lifecycle of 3 to 6 years, starting production in August 2025 [1] Group 1 - The project lifecycle is estimated to be between 3 to 6 years [1] - The total expected revenue during the project lifecycle is approximately 619 million yuan [1] - The customer is a key strategic partner of the company and has a strong performance capability [1]

该定点信显示，项目生命周期为 3-6 年，预估生命周期内总营业额约 6.19 亿元，预计 2025 年 8 月开始陆续量产。 该客户为公司一直以来重要的战略合作伙伴，经营状况良好，具备较 强的履约能力。 二、对公司的影响 证券代码：301488 证券简称：豪恩汽电 公告编号：2025-026 深圳市豪恩汽车电子装备股份有限公司 关于收到产品定点信的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、项目定点概述 深圳市豪恩汽车电子装备股份有限公司（以下简称"公司"） 是一家 专注于汽车智能驾驶感知系统研发、设计、制造和销售的国家高新技术企 业。公司于近日收到某头部新能源汽车品牌（基于双方保密协议约定，不 便披露客户具体名称）的 AK2 雷达系统、全景摄像系统及行驶记录系统产 品的定点信。 1、定点信非订单，无明确定义销售收入，具体销售收入以实际订单 为准； 2、以上项目不会对公司本年度业绩产生重大影响。 公司在汽车智能驾驶感知系统领域深耕多年，此次收到客户的 AK2 雷 达系统、全景摄像系统及行驶记录系统产品的定点信，标志着该客户对公 司项目研发、生产制 ...