豪威集团(603501)：汽车CIS业务市占率持续提升

Group 1 - The core viewpoint is that the company expects its revenue guidance for the first half of 2025 to reach between 13.722 billion and 14.022 billion RMB, indicating a year-on-year growth of 13.49% to 15.97% [2][3] - The company anticipates a significant increase in net profit attributable to shareholders for the first half of 2025, projected to be between 1.906 billion and 2.046 billion RMB, representing a year-on-year growth of 39.43% to 49.67% [2] - The automotive CIS business of the company is expected to experience rapid growth in 2025-2026, driven by increasing market penetration in smart driving, panoramic, and action camera markets [3] Group 2 - The company maintains a "buy" rating with a target price of 146.00 RMB, reflecting confidence in the automotive CIS and mobile CIS business contributions to potential revenue in 2026 [2][4] - The company holds a leading position in the global automotive CIS market with a market share of 32.9% in 2024, which has been consistently increasing from 2021 to 2024 [3] - The company expects downstream customer orders to drive a 30% year-on-year increase in automotive CIS revenue for 2025 and 2026 [3]