Henghe Mould(SZ:300539) Jin Rong Jie·2025-09-08 06:34Core Viewpoint - The stock of Honghe Precision, a leading automotive parts manufacturer, has surged significantly, driven by strong growth expectations, the ongoing trend of automotive lightweighting, and the integration of harmonic reducer products in smart manufacturing and robotics [1][3]. Group 1: Financial Performance - Honghe Precision is expected to achieve a revenue growth of 34.15% and a net profit increase of 79.04% in the first half of 2025 [1]. - The stock has increased by 139.1% over the past 33 trading days since July 24 [1]. Group 2: Market Trends - The automotive lightweighting concept is gaining traction, contributing to the company's growth [1]. - The company’s products, including harmonic reducers, play a crucial role in the smart manufacturing and robotics supply chain [1]. Group 3: Product Development and Client Acquisition - The company’s PEEK material products are gaining attention, particularly in the fields of smart home appliances and automotive components [3]. - Rapid growth in the automotive lightweighting segment is attributed to the development of new main engine factory clients such as BYD, SAIC Volkswagen, and Leap Motor, as well as the expansion of product categories [3]. - The smart cockpit segment is also experiencing rapid growth due to successful client acquisition and increasing market share of downstream customers [3][4]. Group 4: Strategic Partnerships - Honghe Precision has established long-term stable partnerships with major manufacturers like BYD, Geely, and SAIC Motor, enhancing its market position [4]. - The company maintains close cooperation with leading Tier 2 component clients such as Yanfeng, Huawei, and Fudi [4].