【私募调研记录】青骊投资调研经纬恒润、海天瑞声

Group 1: Jingwei Hengrun - Jingwei Hengrun's high-level intelligent driving solutions have seen the launch of the Longgong Port Phase III project, which operates 24/7, significantly enhancing port operational efficiency [1] - The third-generation heavy-duty autonomous special vehicles (HAV) are equipped with Beidou high-precision positioning and 5G communication technology, featuring multiple steering modes and high-precision control systems [1] - Key growth drivers for 2025 include automotive electronics, R&D services, and comprehensive solutions for high-level intelligent driving [1] Group 2: Haitai Ruisheng - Haitai Ruisheng's revenue growth is primarily driven by the rapid iteration of multimodal large models and accelerated industry application penetration [2] - The company possesses a natural advantage in extending data services to downstream applications and is actively exploring the transformation of data advantages into model optimization capabilities [2] - Core growth points for 2025 include the rapid evolution of multimodal AI technology, deep application of AI in vertical industries, and increased overseas revenue from new data delivery systems in Southeast Asia [2]