Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for the stock price in the next six months [5]. Core Views - The company's main business fundamentals are strong, with expectations for good performance throughout the year. In 2024, the company achieved total revenue of 828 million yuan, a year-on-year increase of 15.74%, while net profit slightly decreased by 0.58% to 47 million yuan due to increased R&D expenses and stock incentive plan costs [2][3]. - The company specializes in smart drive and control systems, with over 20 years of experience. Its products include various types of motors and controllers, and it has shown excellent performance in smart home and healthcare sectors [3]. - The smart linear drive industry is in an upward trend, and the company is expanding its business into new application areas such as humanoid robots, leveraging its experience in smart home and healthcare technologies [3]. Financial Summary - In 2024, the company reported total revenue of 828 million yuan, with a growth rate of 15.74%. The net profit was 47 million yuan, reflecting a slight decline of 0.58% [4]. - Revenue projections for 2025 to 2027 are 1.005 billion yuan, 1.189 billion yuan, and 1.368 billion yuan, respectively, with corresponding net profits of 109 million yuan, 132 million yuan, and 155 million yuan [4][12]. - The company’s earnings per share (EPS) are expected to increase from 0.26 yuan in 2024 to 0.85 yuan in 2027, indicating a positive growth trajectory [12].
豪江智能（301320）：智能线性驱控领先，有望扩展机器人领域