Huada(SH:603358) Chang Jiang Shang Bao·2025-11-11 23:33Core Viewpoint - Huada Technology (603358.SH) has successfully secured multiple automotive component projects totaling 2.9 billion yuan, reflecting its strong market expansion and innovation capabilities [1][4]. Group 1: Financial Performance - In the first three quarters of 2025, Huada Technology achieved a record net profit attributable to shareholders of 393 million yuan, a year-on-year increase of 96.51% [1][4]. - The company's revenue for the same period reached 3.614 billion yuan, representing a growth of 2.14% year-on-year [4][6]. Group 2: Project Acquisition - Huada Technology has received project designations from 12 domestic automotive manufacturers for 16 body component projects, with a total expected sales amount of 780 million yuan over a lifecycle of 3 to 8 years [2][4]. - The company also secured 4 projects for battery box pallets and other products from 3 major domestic new energy battery manufacturers, with a total expected sales amount of 1.14 billion yuan over a lifecycle of 2 to 4 years [3][4]. - Additionally, 3 projects for aluminum die-casting products were awarded, with a total expected sales amount of 980 million yuan over a lifecycle of 5 to 8 years [3][4]. Group 3: Market Position and Innovation - Huada Technology is recognized as a leading manufacturer in the automotive components sector, with strong production, development, and design capabilities [1][5]. - The company has invested a total of 530 million yuan in R&D over the past three years, with R&D expenses in 2023, 2024, and the first three quarters of 2025 being 184 million yuan, 206 million yuan, and 139 million yuan respectively [5][6]. - The company has enhanced its competitive edge through strategic acquisitions, including full ownership of Jiangsu Hengyi, which is expected to contribute significantly to its profitability [6].