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豪恩汽电: 深圳市豪恩汽车电子装备股份有限公司2025年度向特定对象发行A股股票募集资金使用可行性分析报告

Fundraising Plan Overview - The company plans to raise a total of no more than 1,104.94 million yuan through a specific issuance of A-shares, with the net proceeds allocated to various projects totaling 1,452.16 million yuan [1][10] Project Investment Details - The Shenzhen production line expansion project will utilize 304.46 million yuan to enhance production capacity for automotive electronic products, particularly focusing on radar and camera systems [2][4] - The Huizhou production line project will allocate 471.88 million yuan to expand production capacity for intelligent automotive electronic systems and components [12][20] - The R&D center upgrade project will use 328.60 million yuan to enhance research capabilities in intelligent driving and perception systems [21][28] Industry Context and Policy Support - The project aligns with national policies promoting the development of the intelligent automotive industry, with significant government support for autonomous driving and smart vehicle technologies [3][26] - The automotive industry in China is transitioning towards higher levels of automation and intelligence, increasing demand for advanced perception systems [4][25] Market Demand and Growth Potential - The market for automotive cameras is projected to grow at a compound annual growth rate of 21.31%, indicating strong demand for intelligent driving solutions [8][18] - The penetration rates for advanced driver-assistance systems (ADAS) are expected to rise significantly, with L2 and above systems projected to reach 1,098.2 million units in 2024 [21][27] Competitive Advantages - The company has established a robust quality control system and has received multiple certifications, ensuring high standards in production and product reliability [8][16] - The company has built strong relationships with major automotive manufacturers, providing a solid customer base and enhancing its market position [9][10] Financial Impact - The fundraising will improve the company's asset structure and financial stability, enhancing its ability to navigate industry cycles and support sustainable growth [29][31]