研报掘金丨东莞证券：华测导航业绩有望实现增长，维持“买入”评级

Group 1 - The core viewpoint of the article highlights Huace Navigation's focus on the high-precision satellite navigation and positioning industry, emphasizing its value creation through diversified applications [1] - Huace Navigation is recognized as a leading enterprise in China's high-precision satellite navigation and positioning industry, concentrating on the research, manufacturing, integration, and industrial application of core technologies and solutions related to high-precision navigation [1] - The demand for global navigation satellite systems has significantly increased due to the broadening application of satellite navigation systems in civilian sectors, which initially served military purposes [1] Group 2 - The market for satellite navigation is expected to grow, and as high-precision positioning applications become more widespread, Huace Navigation's performance is anticipated to improve [1] - The earnings per share (EPS) forecasts for Huace Navigation are projected to be 1.05 yuan and 1.26 yuan for the years 2025 and 2026, respectively, with corresponding price-to-earnings (PE) ratios of 34 times and 29 times [1] - The report maintains a "buy" rating for Huace Navigation, indicating a positive outlook for the company's future performance [1]