研报掘金丨国盛证券:首予豪恩汽电“买入”评级,机器人布局打开成长边界
Ge Long Hui A P P·2026-02-04 06:04

Core Viewpoint - Haon Automotive is a leader in intelligent driving perception, with a new growth curve initiated by its expansion into robotics [1] Group 1: Company Overview - Haon Automotive has over a decade of experience in the intelligent driving perception sector, serving well-known automotive companies such as Nissan, Volkswagen, and Geely [1] - The company's main perception products include in-vehicle camera systems, in-vehicle video driving recorders, and ultrasonic radar, with revenue contributions of 55%, 20%, and 25% respectively in 2022 [1] Group 2: Business Strategy - The company is simultaneously expanding into the robotics field, creating an integrated layout of "perception + decision-making" [1] - The upcoming launch of a domain controller equipped with Jetson Thor is expected to establish a competitive advantage in the robotics decision-making sector [1] Group 3: Growth Potential - The solid foundation of the intelligent driving business, combined with the new growth opportunities in robotics, is anticipated to enhance the company's growth trajectory [1] - Continuous product expansion and increased value per vehicle are expected to open new growth boundaries for the company [1] - The initial coverage of the company has been rated as "Buy" [1]

GUOSHENG SECURITIES-研报掘金丨国盛证券:首予豪恩汽电“买入”评级,机器人布局打开成长边界 - Reportify