摩根士丹利：小米 YU7 的发布将让哪些方受益？

Investment Rating - The industry investment rating is "In-Line" [7] Core Insights - Foryou (002906.SZ) is expected to be the major beneficiary of Xiaomi's YU7 launch, with an estimated annual revenue growth of 10-15% from supplying the panoramic head-up display (P-HUD) [2] - The introduction of P-HUD technology by other OEMs like BMW may further enhance Foryou's growth potential [2] - Other companies that may benefit from the YU7 launch include Tuopu (601689.SS), Desay (002920.SZ), and Xingyu (601799.SS) [10] Summary by Relevant Sections Company Analysis - Foryou Corporation (002906.SZ) is projected to experience significant revenue growth due to its involvement in the YU7 project, marking a shift from not supplying HUD for Xiaomi's first EV, SU7 [2] - Tuopu (601689.SS) supplies air suspension for both SU7 and YU7, with a value content of Rmb6-8K per vehicle [10] - Desay (002920.SZ) is likely to become the autonomous domain controller supplier for YU7, leveraging the NVIDIA Thor chip [10] - Xingyu (601799.SS) has not supplied to YU7 but is positioned to win future orders from Xiaomi [10] Market Trends - The adoption of P-HUD technology is anticipated to grow, with potential for increased orders from other manufacturers following Xiaomi and BMW's lead [2] - The overall market for auto parts in the EV sector is expected to expand, driven by technological advancements and increasing consumer demand for smart features [2]