研报掘金丨浙商证券：维持横河精密“买入”评级，业务布局“三箭齐发”

Core Viewpoint - Henghe Precision is identified as a high-quality precision manufacturing enterprise with stable growth in smart home appliances and high growth in the new energy vehicle sector, while the drone and robotics businesses are expected to open up growth opportunities [1] Group 1: Business Segments - The smart home appliance business is experiencing stable growth [1] - The new energy vehicle business is showing high growth potential [1] - The drone and robotics sectors are anticipated to provide significant growth opportunities [1] Group 2: Robotics Business - The robotics business benefits from high product and customer reusability, which may assist the company in expanding into the robotics field [1] - Products such as injection molding products and metal components have strong versatility, and the company aims to leverage its accumulated process equipment capabilities to extend its product offerings into the robotics sector [1] - The company has established a rich and stable customer base, including well-known enterprises like Xiaomi, Huawei, SAIC, Geely, and BYD, which may facilitate its expansion into the robotics field alongside existing customers [1] Group 3: Investment Rating - The company maintains a "Buy" rating based on its growth prospects and market position [1]