Core Viewpoint - Feilo Acoustics experienced a limit-up closing on August 7, with a closing price of 6.28 yuan, driven by strategic collaborations in the automotive electronics sector and positive market sentiment regarding state-owned enterprise reforms [1][2]. Group 1: Company Performance - On August 7, Feilo Acoustics' stock price increased by 9.98%, with a net inflow of 155 million yuan from main funds, accounting for 21.34% of the total trading volume [2]. - The stock's closing price on August 6 was 5.71 yuan, reflecting a decrease of 7.61%, with a net outflow of 33.31 million yuan from main funds [2]. - The stock's performance over the past five days shows fluctuations, with notable inflows and outflows from different investor categories [2]. Group 2: Market Factors - The company has strengthened its strategic partnerships with major automotive manufacturers like BYD and Volkswagen, solidifying its position in the automotive LED module market [1]. - As a state-owned enterprise under the Shanghai State-owned Assets Supervision and Administration Commission, expectations of state-owned enterprise reforms have boosted investor confidence [1]. - The rapid expansion of testing and certification services in the new energy and medical sectors is anticipated to contribute to revenue growth, targeting a market size of 530 billion yuan [1]. - The overall activity in the automotive parts sector has created a synergistic effect, enhancing the stock's performance [1].

泰科微5G/B5G/6G基站天线研发与制造中心项目主体完工，工人正忙于内部装修；慧创医疗近红外脑功 能光治疗仪攻坚阿尔茨海默病治疗，目前正在推动三期临床试验；独步吾奇自主研发脱细胞基质获得 NMPA批准上市，引领脊髓损伤再生修复产品研发……随着一批"硬核技术"竞相"变现"，镇江创新价值 跃迁之路越走越宽广。 为打通科技成果转化"最后一公里"，镇江市连续6年举办高校院所走进镇江产学研合作大会，促成各类 产学研合作3500余项，合作金额达5.53亿元。镇江市委书记马明龙表示，牢牢抓住科技创新和产业创新 深度融合这一关键，着力打造在特色领域有竞争力的科技成果转移转化地、科技创新策源地、产业发展 新高地，为高水平科技强省建设贡献更多镇江力量。上半年，该市高新技术产业产值占比达55.6%，位 列全省第三。 从"实验室"到"生产线"，蹚出产业新路 5月23日，作为江苏科技大学与镇江高新区实践"双高协同"路径的创新平台，全省首个先进船舶海工区 域技术转移转化中心正式成立，省船舶与海洋工程设计研究院等首批入驻。该中心紧密结合镇江高新区 优势产业和江苏科大优势学科，进一步缩短创新周期，培养更多复合型海工装备工程人才。 镇江市副 ...

Core Viewpoint - The company, Haon Electric, has announced a plan to issue A-shares to specific investors in 2025, aiming to raise up to 1.1049391 billion yuan for various projects, including production line expansions and R&D upgrades [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and individuals, with all subscriptions to be made in cash [1]. - The shares will be priced at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. - The total number of shares issued will not exceed 30% of the company's total shares before the issuance, amounting to a maximum of 27.6 million shares [2]. Group 2: Fund Utilization - The total funds raised will be allocated to three main projects: 1. Expansion of the Shenzhen production line with an estimated total investment of 392.88 million yuan, expecting to use 304.46 million yuan from the raised funds 2. Construction of the Huizhou production line with a total investment of 557.47 million yuan, with 471.88 million yuan planned from the raised funds 3. Upgrading the R&D center with a total investment of 501.80 million yuan, expecting to utilize 328.60 million yuan from the raised funds [3]. Group 3: Company Control and Ownership - The company's controlling shareholder is Haon Group, with actual control held by Chen Qingfeng and Chen Jinfang, who collectively controlled 58.76% of voting rights as of March 31, 2025. Post-issuance, their control is expected to decrease to 45.20%, but they will remain the actual controllers [3]. Group 4: Recent Financial Performance - In Q1 2025, the company reported a revenue of 387 million yuan, a year-on-year increase of 35.48%, and a net profit attributable to shareholders of 18.42 million yuan, up 4.44% [5][6]. - The net cash flow from operating activities reached 47.44 million yuan, showing a significant increase of 150.61% compared to the previous year [5][6].

Macro and Strategy - The macro commentary highlights the strong performance of high-tech manufacturing, with the National Securities weekly high-tech manufacturing diffusion index showing strength, recording 0.4 for index A and 50.8 for index B as of July 26, 2025 [6][7] - The AI sector is expected to see significant growth, with the World Artificial Intelligence Conference announcing procurement demands exceeding 16.2 billion yuan, indicating robust investment in smart driving and robotics [8][13] Industry and Company - The semiconductor industry remains in a high prosperity phase, with a focus on analog and storage opportunities. The semiconductor sector saw a slight decline of 1.43% while electronic components rose by 7.77% [8][9] - The global silicon wafer shipment area reached 3.327 billion square inches in Q2 2025, marking a year-on-year increase of 9.6% and a quarter-on-quarter increase of 14.9%, indicating a recovery in the semiconductor market [9] - ServiceNow's Q2 2025 subscription revenue grew by 21.5% to $3.113 billion, exceeding guidance, with a strong performance in AI-driven products and a high renewal rate of 98% [20][21] - The automotive industry is projected to see a retail market of approximately 1.85 million units in July 2025, with a year-on-year growth of 7.6%, driven by policies promoting vehicle replacement [17][18] - The quarterly revenue of Sunlord Electronics reached a record high of 3.224 billion yuan in H1 2025, with a year-on-year growth of 19.8%, driven by strong performance in automotive and computing sectors [23][24] Investment Recommendations - The report recommends focusing on companies with strong growth potential in the semiconductor sector, including SMIC, Huahong Semiconductor, and Aoyuan Technology, as well as those in the automotive supply chain like Leap Motor and Geely [15][20] - In the AI infrastructure space, companies such as Industrial Fulian and Longxin Technology are highlighted for their growth prospects due to increasing demand for AI capabilities [10][12]

Core Viewpoint - Desay SV Automotive's stock price increased by 0.66% to 103.31 yuan as of August 5, 2025, with a trading volume of 49,160 hands and a transaction amount of 507 million yuan, indicating positive market sentiment towards the company [1] Group 1: Company Overview - Desay SV Automotive specializes in the research, production, and sales of automotive electronic products, including in-car infotainment systems, air conditioning controllers, and driver information display systems [1] - The company's products are widely used in passenger cars and commercial vehicles [1] Group 2: Recent Developments - The latest information disclosed by the company indicates that its advanced driver assistance domain control products have been supplied to various clients, including Li Auto, Xpeng Motors, Zeekr, Great Wall Motors, GAC Aion, and Lotus [1] - On August 5, a block trade occurred involving 107,000 shares, with a transaction amount of 9.99 million yuan, at a discount of 9.6% compared to the closing price of the day [1] Group 3: Financial Metrics - On August 5, the net inflow of main funds was 29.88 million yuan, accounting for 0.05% of the circulating market value [1] - Over the past five days, the net outflow of main funds was 26.76 million yuan, also representing 0.05% of the circulating market value [1]

Fundraising Plan Overview - The company plans to raise a total of no more than 1,104.94 million yuan through a specific issuance of A-shares, with the net proceeds allocated to various projects totaling 1,452.16 million yuan [1][10] Project Investment Details - The Shenzhen production line expansion project will utilize 304.46 million yuan to enhance production capacity for automotive electronic products, particularly focusing on radar and camera systems [2][4] - The Huizhou production line project will allocate 471.88 million yuan to expand production capacity for intelligent automotive electronic systems and components [12][20] - The R&D center upgrade project will use 328.60 million yuan to enhance research capabilities in intelligent driving and perception systems [21][28] Industry Context and Policy Support - The project aligns with national policies promoting the development of the intelligent automotive industry, with significant government support for autonomous driving and smart vehicle technologies [3][26] - The automotive industry in China is transitioning towards higher levels of automation and intelligence, increasing demand for advanced perception systems [4][25] Market Demand and Growth Potential - The market for automotive cameras is projected to grow at a compound annual growth rate of 21.31%, indicating strong demand for intelligent driving solutions [8][18] - The penetration rates for advanced driver-assistance systems (ADAS) are expected to rise significantly, with L2 and above systems projected to reach 1,098.2 million units in 2024 [21][27] Competitive Advantages - The company has established a robust quality control system and has received multiple certifications, ensuring high standards in production and product reliability [8][16] - The company has built strong relationships with major automotive manufacturers, providing a solid customer base and enhancing its market position [9][10] Financial Impact - The fundraising will improve the company's asset structure and financial stability, enhancing its ability to navigate industry cycles and support sustainable growth [29][31]

证券代码：301488 证券简称：豪恩汽电 公告编号：2025-042 深圳市豪恩汽车电子装备股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 深圳市豪恩汽车电子装备股份有限公司（以下简称"公司"）第三届董事会第十七 次会议通知于 2025 年 8 月 1 日通过电子邮件方式发出并送达全体董事。会议于 2025 年 会议应出席董事 6 名，实际出席董事 6 名，会议由董事长陈清锋主持，公司监事和高级 管理人员列席本次会议。本次会议的召集、召开和表决程序符合《中华人民共和国公司 法》等法律、行政法规、部门规章、规范性文件和《深圳市豪恩汽车电子装备股份有限 公司章程》的有关规定。 二、董事会会议审议情况 本次董事会审议通过并形成以下决议： （一）、审议通过了《关于公司符合向特定对象发行A股股票条件的议案》 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发行注 册管理办法》等有关法律法规的规定，对照上市公司向特定对象发行股票的条件，董事 会对公司的实际情况及相关事项进行认真的自查论证后，认为公司符合向特定对象发行 ...

证券代码：301488 证券简称：豪恩汽电 公告编号：2025-043 一、监事会会议召开情况 深圳市豪恩汽车电子装备股份有限公司（以下简称"公司"）第三届监事会第十四 次会议通知于 2025 年 8 月 1 日通过电子邮件方式发出并送达全体监事。会议于 2025 年 议由监事会主席陈特芳主持召开。本次会议的召集、召开和表决程序符合《中华人民共 和国公司法》等法律、行政法规、部门规章、规范性文件和《深圳市豪恩汽车电子装备 股份有限公司章程》的有关规定。 二、监事会会议审议情况 本次监事会审议通过并形成以下决议： （一）、审议通过了《关于公司符合向特定对象发行A股股票条件的议案》 深圳市豪恩汽车电子装备股份有限公司 第三届监事会第十四次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发行注 册管理办法》等有关法律法规的规定，对照上市公司向特定对象发行股票的条件，监事 会对公司的实际情况及相关事项进行认真的自查论证后，认为公司符合向特定对象发行 A 股股票的资格和条件，同意公司申请本次向特 ...

Core Viewpoint - Shenzhen Haon Automotive Electronics Equipment Co., Ltd. plans to issue A-shares to specific investors in 2025 to raise funds for expanding production capacity and enhancing its competitive position in the rapidly growing smart automotive market. Group 1: Issuance Overview - The company intends to issue no more than 27,600,000 shares, which is capped at 30% of the total share capital before the issuance, with a total fundraising amount not exceeding 1,104.9391 million yuan [3][18][19]. - The final issuance price will be determined based on the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date, set at no less than 80% of that average [2][17]. - The issuance will require approval from the shareholders' meeting, Shenzhen Stock Exchange, and the China Securities Regulatory Commission (CSRC) [1][22]. Group 2: Fund Utilization - The total investment for the projects funded by the issuance is estimated at 1,452.1552 million yuan, with the raised funds allocated to specific projects [4][23]. - Key projects include the expansion of the Shenzhen production line and the construction of a new production line in Huizhou, aimed at increasing production capacity for smart driving perception systems [13][24]. - The company plans to invest 304.4626 million yuan in the Shenzhen expansion project, which will enhance production efficiency and meet customer demand [23][24]. Group 3: Market Context and Strategic Importance - The smart automotive market in China is experiencing rapid growth, with the automotive electronics market projected to increase from 659.55 billion yuan in 2020 to 1,134.19 billion yuan in 2023, reflecting a compound annual growth rate of approximately 20.5% [10]. - The company focuses on smart driving perception systems, which are essential for advanced driver-assistance systems (ADAS) and autonomous driving technologies, positioning itself to capitalize on the increasing demand for these technologies [12][14]. - The implementation of the projects funded by the issuance is expected to enhance the company's core competitiveness and market share in the automotive electronics sector, aligning with national policies promoting the development of smart vehicles [24][28].

关于本次向特定对象发行股票不存在直接或通过利益相关方 向参与认购的投资者提供财务资助或补偿的公告 证券代码：301488 证券简称：豪恩汽电 公告编号：2025-046 深圳市豪恩汽车电子装备股份有限公司 本公司不存在向本次发行的发行对象作出保底保收益或变相保底保收益承 诺的情形，不存在直接或通过利益相关方向发行对象提供财务资助或者补偿损 害公司利益的情形，亦不存在以代持、信托持股等方式谋取不正当利益或向其 他相关利益主体输送利益的情形。 特此公告。 深圳市豪恩汽车电子装备股份有限公司董事会 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 深圳市豪恩汽车电子装备股份有限公司（以下简称"公司"）于2025年8月5 日召开了第三届董事会第十七次会议和第三届监事会第十四次会议，审议通过 了公司2025年向特定对象发行股票（简称"本次发行"）的相关议案。公司现就 本次向特定对象发行股票不存在直接或通过利益相关方向参与认购的投资者提 供财务资助或补偿事宜承诺如下： ...