NBHX(SZ:002048) Zheng Quan Ri Bao Zhi Sheng·2025-10-21 06:40Core Viewpoint - Ningbo Huaxiang Electronics Co., Ltd. plans to raise up to 2.921 billion yuan through a private placement of A-shares to enhance its production capacity and strengthen its core competitiveness in the automotive parts market, particularly in the growing electric vehicle sector [1][2]. Group 1: Fundraising and Investment Plans - The company aims to invest over half of the raised funds into expanding production capacity for key products, including 1.151 billion yuan for the Wuhu automotive parts intelligent manufacturing project, which will add annual production capacity of 400,000 battery pack housings, 500,000 body structure components, and 200,000 interior parts [2]. - The Chongqing automotive interior parts production base will receive 400 million yuan, expected to add 440,000 sets of interior parts production capacity annually upon completion [2]. - An additional 477 million yuan will be allocated for the construction of a research and development center, focusing on the second growth curve in smart chassis and humanoid robots [2]. Group 2: Market Trends and Strategic Positioning - The demand for automotive interior parts is increasing due to consumer preferences for functionality, comfort, and intelligence, making it a key area for differentiation among manufacturers [1]. - The company has a strong market foundation, with interior parts accounting for over 50% of total revenue, and is positioned to benefit from the expanding domestic automotive market and deepening relationships with leading OEMs [1]. - The rise of electric vehicles and domestic brands presents significant growth opportunities for the company, particularly in battery pack housings and lightweight body structure components [1][2]. Group 3: Future Development and Technological Focus - The company plans to leverage its technological expertise in automotive chassis and electronics to capture opportunities in the rapidly growing smart chassis market, which has substantial domestic replacement potential [2]. - In the humanoid robotics sector, the company aims to establish partnerships and develop technologies related to lightweighting and assembly, while also building a data collection center to support ecosystem development [3].