9月25日，华依科技涨5.23%，截至发稿，报43.47元/股，成交8238.96万元，换手率2.32%，总市值36.86 亿元。 资料显示，上海华依科技集团股份有限公司位于上海市浦东新区张东路1388号13栋，成立日期1998年11 月28日，上市日期2021年7月29日，公司主营业务涉及专注于汽车动力总成智能测试技术开发的高新技 术企业,主要从事汽车动力总成智能测试设备的研发、设计、制造、销售及提供相关测试服务。主营业 务收入构成为：新能源汽车动力总成测试服务54.81%，动力总成智能测试设备35.55%，智能驾驶 9.31%，其他(补充)0.32%。 南方科创板3年定开混合（506000）基金经理为郑晓曦。 截至发稿，郑晓曦累计任职时间6年101天，现任基金资产总规模58.44亿元，任职期间最佳基金回报 143.5%， 任职期间最差基金回报-33.69%。 从基金十大重仓股角度 数据显示，南方基金旗下1只基金重仓华依科技。南方科创板3年定开混合（506000）二季度持有股数 214.4万股，占基金净值比例为4.43%，位居第十大重仓股。根据测算，今日浮盈赚取约463.09万元。 风险提示：市场有风险，投 ...

Core Viewpoint - The departure of a key technical personnel, Zhang Jieping, from Huayi Technology (688071.SH) raises concerns about the company's R&D capabilities and future growth potential [1] Company Summary - Zhang Jieping officially left the company on September 19, 2023, after reaching the legal retirement age, and will no longer hold any position within the company [1] - Zhang joined the company in January 2022 as the Deputy General Manager of the Intelligent Driving Division, focusing on the intelligent analysis of automotive powertrain testing data and the establishment and optimization of a big data management platform [1] - The company's semi-annual report for 2025 indicates a reduction in the R&D team size, with the number of R&D personnel decreasing from 127 to 111, a reduction of 16 individuals year-on-year [1] - Total R&D expenditure for the reporting period was 23.45 million yuan, a decrease of 2.45% compared to the previous year, with R&D investment accounting for 8.85% of operating revenue, down 4.85 percentage points year-on-year [1] - In the first half of the year, the company achieved operating revenue of 265 million yuan, a year-on-year increase of 51.10%, primarily driven by the gradual production ramp-up of new energy vehicle powertrain testing services and intelligent driving business [1] - The company reported a net loss of 5.46 million yuan during the same period [1]

Core Viewpoint - The stock price of the company is influenced by various factors including macroeconomic conditions, market cycles, industry competition, company performance, and market expectations [1] Group 1 - The company is committed to continuously improving its management capabilities and enhancing its core competitiveness [1] - The company aims to provide better performance to return value to investors [1]

Core Viewpoint - The first closed four-season low-temperature automotive testing facility in Asia has begun trial operations, providing comprehensive low-temperature testing support for automotive companies, thereby enhancing the high-quality development of China's automotive industry [1][3]. Group 1: Project Overview - The project, located in Heihe City, Heilongjiang Province, has a total investment of 260 million RMB and covers an area of 260,000 square meters [3]. - It includes facilities such as a closed low-temperature testing ground, a 2.2-kilometer straight performance road, a dynamic square, and a comprehensive R&D building, aimed at testing both new energy and fuel vehicles [3]. Group 2: Operational Benefits - The facility allows automotive testing to occur year-round, eliminating reliance on overseas sites during off-seasons, significantly reducing the development cycle and costs for automotive companies [3]. - Currently, 80% of the project has been completed, with five companies and over 20 vehicles already utilizing the testing facility [5]. Group 3: Testing Capabilities - The newly operational low-temperature environment chamber can adjust temperatures to as low as -45°C, facilitating tests such as the ABS braking system [5]. - The dynamic square has been constructed to replicate the hardness and friction coefficients of natural ice and snow, enhancing the realism of the testing environment [5].

Group 1 - The core viewpoint of the news is that Huayi Technology's stock has experienced a decline of 5.2%, with a current price of 40.28 CNY per share and a total market capitalization of 3.415 billion CNY [1] - Huayi Technology, established on November 28, 1998, focuses on the development of intelligent testing technology for automotive powertrains, with its main business revenue composition being 54.81% from new energy vehicle powertrain testing services, 35.55% from intelligent testing equipment, 9.31% from intelligent driving, and 0.32% from other services [1] - The trading volume for Huayi Technology reached 129 million CNY, with a turnover rate of 3.64% [1] Group 2 - Among the top circulating shareholders of Huayi Technology, Penghua Fund's carbon neutrality theme mixed fund A (016530) reduced its holdings by 1.5115 million shares, now holding 1.6001 million shares, which accounts for 1.89% of the circulating shares [2] - The fund has reported a floating loss of approximately 3.5362 million CNY as of the latest data [2] - The carbon neutrality theme mixed fund A was established on May 5, 2023, with a current scale of 2.08 billion CNY, achieving a year-to-date return of 84.68% and a one-year return of 189.89% [2]

Core Insights - Shanghai Huayi Technology Group Co., Ltd. reported a revenue of approximately 265 million yuan, representing a year-on-year increase of 51.10% [1] - The net profit attributable to shareholders was a loss of 5.46 million yuan, significantly narrowing compared to the previous year's loss [1] - The company attributed its performance improvement to the gradual production ramp-up of its new energy vehicle powertrain testing services and intelligent driving business, alongside reduced costs [1] Business Developments - During the reporting period, the company launched several high-precision positioning products, including two GNSS products designed for extreme environments and compliant with ISO 26262 safety standards [2] - The company also developed the ARU8010 humanoid robot-specific attitude reference sensor, featuring breakthroughs such as a customized high-performance sensor with a sensing range of 4000°/s [2] - Huayi Technology's subsidiary, Shanghai Huayi New Intelligent Technology Co., Ltd., successfully passed the rigorous evaluation for CB testing laboratory accreditation, achieving international standards in testing technology and management systems [2]

Core Viewpoint - Huayi Technology (688071) reported significant growth in revenue and a reduction in net loss for the first half of 2025, driven by the expansion of its electric vehicle powertrain testing services and intelligent driving business [1] Group 1: Financial Performance - The company achieved operating revenue of 265 million yuan, representing a year-on-year increase of 51.1% [1] - The net profit attributable to shareholders was a loss of 5.46 million yuan, indicating a substantial reduction in losses compared to the previous year [1] Group 2: Business Segments - Huayi Technology focuses on automotive powertrain intelligent testing equipment, electric vehicle powertrain testing services, and intelligent driving-related businesses [1] - The intelligent driving segment emphasizes high-precision inertial navigation products and testing services, leveraging proprietary technologies in inertial devices, virtual sensor arrays, and high-precision satellite positioning algorithms [1] Group 3: Product Development - The high-precision inertial navigation products have entered mass production, meeting the demands of intelligent driving vehicle manufacturers and facilitating widespread application in passenger vehicles [2] - The company launched two GNSS satellite navigation products, M611 and M611S, designed for automotive-grade high-temperature environments and ISO26262 functional safety ASILB standards, ensuring high precision and reliability [2] - Huayi Technology also introduced the ARU8010 posture reference sensor for humanoid robots, featuring breakthroughs in dynamic range perception, high-frequency sampling, and all-directional posture calculation technology [3]

Core Viewpoint - Huayi Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to support its internationalization strategy and attract more international capital [1][2]. Group 1: Company Overview - Huayi Technology is a leading provider in the automotive testing industry and intelligent driving perception solutions, focusing on the electric and intelligent transformation of vehicles [2]. - The company is expanding into emerging fields such as intelligent driving, humanoid robots, and low-altitude aircraft, showcasing its proactive exploration and layout in these areas [2]. Group 2: Financial Performance - In 2024, Huayi Technology achieved a revenue of 423 million yuan, a year-on-year increase of 20.36%, but reported a net loss of 46.73 million yuan, which widened from the previous year's loss of 16.01 million yuan [3]. - In Q1 2025, the company generated a revenue of 142 million yuan, a year-on-year growth of 39.02%, and turned a profit with a net income of 2.96 million yuan, attributed to increased delivery in intelligent driving business and equipment coming into use [3]. Group 3: Market Position and Strategy - Huayi Technology has established long-term partnerships with major domestic and international automotive manufacturers and suppliers, enhancing its business growth potential [3]. - The company plans to deepen its testing services model and expand into integrated testing, inspection, and certification services, while increasing R&D investment to meet growing customer demands [5]. Group 4: H-Share Listing Process - The H-share issuance and listing plan requires approval from the board of directors, shareholders, and various regulatory bodies, indicating a complex process ahead [4]. - The company must comply with legal and regulatory requirements, including a thorough review of its financial status and governance by relevant authorities [4].

Core Viewpoint - The company, Huayi Technology, is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international presence and attract global capital [1][2]. Group 1: Company Overview - Huayi Technology is a leading player in the automotive testing industry and a provider of intelligent driving perception and positioning solutions, focusing on the electric and intelligent transformation of vehicles [2]. - The company is expanding into emerging fields such as intelligent driving, humanoid robots, and low-altitude aircraft, showcasing its proactive exploration and layout in these areas [2]. Group 2: Financial Performance - In 2024, the company achieved a revenue of 423 million yuan, a year-on-year increase of 20.36%, but reported a net loss of 46.73 million yuan, which is an increase from the previous year's loss of 16.01 million yuan, primarily due to rising costs in testing services and initial high costs in inertial navigation [4]. - In the first quarter of 2025, the company reported a revenue of 142 million yuan, a year-on-year increase of 39.02%, and a net profit of 2.96 million yuan, indicating a turnaround driven by increased delivery in intelligent driving services [4]. Group 3: Market Strategy and Internationalization - The company has established long-term partnerships with major domestic automotive manufacturers and suppliers, and has gained recognition from international clients, exporting products to countries such as France, Japan, Spain, and Poland [3]. - The planned H-share issuance aims to leverage Hong Kong's status as an international financial hub to enhance competitiveness and attract international capital [2][5]. Group 4: Future Plans and Challenges - The company is committed to deepening its testing service model and expanding into integrated services of inspection, testing, and certification, in collaboration with authoritative testing institutions [5][6]. - The H-share listing plan faces uncertainties and requires approval from various regulatory bodies, necessitating a thorough review of the feasibility and impact of the listing on the company's future development [5].

Group 1 - Company is planning to issue overseas listed shares (H-shares) and apply for listing on the Hong Kong Stock Exchange to enhance international brand recognition and competitiveness [1] - The issuance and listing of H-shares require approval from the company's board, shareholders, and regulatory bodies, introducing significant uncertainty [1] - Company is a leader in the domestic automotive testing industry, focusing on intelligent driving, humanoid robots, and low-altitude flying vehicles [1] Group 2 - In Q1 2025, company achieved revenue of 142 million yuan, a year-on-year increase of 39.02%, and turned a profit with a net profit of 2.957 million yuan [2] - Company aims to deepen its automotive powertrain testing services and develop an integrated business model of testing, inspection, and certification [2] - Company plans to enhance collaboration with major testing service institutions to increase its professional influence in the industry and expand its overseas market presence [2]