Haoneng(SH:603809) Ge Long Hui A P P·2025-05-08 05:24Core Viewpoint - Haoneng Co., Ltd. has seen significant stock price growth, reaching a historical high of 15.68 yuan per share, with a total market value of 13.07 billion yuan, reflecting a 183.8% increase over the past nine months [1][6]. Group 1: Business Expansion and Product Development - Haoneng Co., Ltd. has been deeply involved in the automotive transmission industry for decades, producing components such as synchronizers, differentials, planetary gear reducers, and clutches [3]. - The company entered the aerospace components sector in 2020 through the acquisition of Chengdu Haoyi Qiang, supplying parts for various military and civilian aircraft, including the domestic C919 large passenger aircraft [3][6]. - Currently, Haoneng is expanding into the robotics sector, focusing on lightweight products suitable for robotic lower limb applications, with a competitive edge in cycloidal pinwheel and planetary gear reducers [6]. Group 2: Strategic Partnerships and Investments - In September 2024, Haoneng Co., Ltd. signed an agreement with the People's Government of Banan District, Chongqing, to jointly develop a robotics industry ecosystem [4]. - The first phase of this project involves a total investment of 1 billion yuan to establish production lines for components related to new energy vehicle planetary gear reducers and high-precision industrial planetary gear reducers [5]. Group 3: Financial Performance - In the first quarter, Haoneng Co., Ltd. reported a revenue of 619 million yuan, a year-on-year increase of 13.4%, and a net profit attributable to shareholders of 104 million yuan, up 30.42% [6]. - For the previous year, the company achieved a revenue of 2.36 billion yuan, a 21.29% increase, and a net profit of 322 million yuan, reflecting a 76.87% growth [6]. Group 4: Future Outlook and Projections - Minsheng Securities projects that Haoneng Co., Ltd. will generate revenues of 3.015 billion yuan, 3.599 billion yuan, and 4.131 billion yuan from 2025 to 2027, with net profits of 432 million yuan, 541 million yuan, and 695 million yuan respectively [10]. - Tianfeng Securities anticipates revenues of 3.3 billion yuan, 4 billion yuan, and 4.6 billion yuan for the same period, with corresponding net profits of 420 million yuan, 540 million yuan, and 650 million yuan, indicating significant growth rates [10].