Ge Long Hui A P P·2025-12-03 06:20Core Viewpoint - Changxin Technology has a broad customer base in the automotive electronics sector, covering over 70% of global vehicle brands, and has established a comprehensive supply chain for integrated modules [1] Group 1: Business Overview - The company provides a range of automotive electronic modules, including instrument panel modules, rearview mirror modules, central control screen modules, B-pillar modules, and head-up display modules [1] - Changxin Technology has completed the industrial chain layout for "on-board sensors + touch modules + cover plates + touch display integrated modules" [1] Group 2: Growth Potential - The company is expanding into fields such as UTG and UFG, which are expected to open up new growth opportunities [1] - Additionally, the company is entering the intelligent computing sector, aiming to build a full-chain computing service capability [1] Group 3: Valuation - Based on comparable companies' average 26-year PE valuation of 28 times, the target price is set at RMB 6.44, maintaining a "buy" rating [1]