ZHESHANG SECURITIES·2025-09-07 23:47Group 1: Key Recommendations - The report highlights the transformation of Xinsida (002527) under Haier's leadership, focusing on integrated solutions and embodied intelligence, which is expected to enhance the company's competitive edge and financial performance [4][5] - The report anticipates that Xinsida's revenue will grow from 3543 million in 2025 to 4153 million in 2027, with a net profit forecasted to increase significantly from 13 million in 2025 to 190 million in 2027 [5] - The report emphasizes the potential of Henghe Precision (300539) as a high-quality precision manufacturing enterprise, particularly in the automotive parts sector, which is expected to see substantial growth [6][8] Group 2: Market Insights - The report indicates that the automotive intelligent cockpit market is projected to reach 1564 billion in China by 2025, with a growth rate of 21%, driven by the increasing demand for smart automotive components [7] - The report notes that the global automotive tailgate market is expected to reach 15 billion USD by the end of 2027, highlighting the trend towards lightweight automotive components [7][8] - The report discusses the overall positive outlook for the A-share market, suggesting a "slow bull" market with opportunities for strategic adjustments in investment portfolios [10][11] Group 3: Industry Trends - The report identifies AI as a key driver of growth in the technology sector, particularly in computing and communication industries, with significant profit growth expected [14] - The report highlights that the demand for electric two-wheeled vehicles is improving the profitability of the automotive industry, despite the limited number of companies in this sector [13][14] - The report suggests that the supply-demand dynamics in the market are continuously improving, with a notable focus on AI-related performance [14]