Core Viewpoint - Haosen Intelligent is focusing on expanding its overseas orders, particularly in Europe, where it sees significant growth opportunities in the electric vehicle sector [2][3] Group 1: Company Overview - Haosen Intelligent Manufacturing Co., Ltd. specializes in integrated supply of smart production lines and equipment, primarily serving the automotive industry, including both new energy and traditional fuel vehicles [2] - The company has established subsidiaries in various locations, including China, India, the USA, Germany, and Hungary, with a strong customer base consisting of vehicle manufacturers and parts suppliers [2] Group 2: Market Expansion - Since 2023, Haosen Intelligent has experienced rapid growth in overseas orders, with over 50% of new orders in both 2023 and 2024 coming from international markets, particularly Europe [2] - The company is capitalizing on the transition to new energy vehicles in Europe, which has strict environmental regulations and a high penetration rate of new energy vehicles [2] Group 3: European Operations - The Hungarian subsidiary has been established as a key part of the company's European strategy, successfully building a local team and providing support for customer technical exchanges and delivery responses [3] - The operational progress of the Hungarian subsidiary is meeting expectations, and its collaborative value is expected to increase as the company expands its European business [3] Group 4: Product Development - In 2024, Haosen Intelligent plans to introduce new products, including humanoid robots and autonomous mobile robots, as well as expand the application of existing automotive core component technologies into new areas [3][4] - The company has set up a humanoid robot innovation center and is collaborating with leading domestic robot companies to develop specialized humanoid robots for various industrial processes [4]

Core Viewpoint - Haosen Intelligent (688529) reported a decline in 2024 performance due to extended project acceptance cycles and low capacity utilization among domestic automotive manufacturers, leading to a slight decrease in revenue and increased management costs [1][2][3] Group 1: Financial Performance - In 2024, Haosen Intelligent achieved a revenue of 1.809 billion yuan, with a net loss of 87.9198 million yuan and a basic earnings per share of -0.53 yuan [1] - The decline in performance was attributed to factors such as long international transportation logistics for overseas projects and low capacity utilization among domestic clients [1][2] Group 2: Market Strategy - The company is focusing on strengthening overseas market development and maintaining relationships with existing clients to expand order sources [2][3] - Haosen Intelligent has seen over 50% of new orders in 2023 and 2024 coming from overseas, particularly in Europe, which is experiencing a significant transition to new energy vehicles [3] Group 3: Product Development - In 2024, the company plans to introduce new products including humanoid robots, autonomous mobile robots, and electric control intelligent assembly lines [3][4] - Haosen Intelligent is collaborating with leading domestic robotics companies to develop specialized humanoid robots for various industrial applications [4]

Group 1 - The company reported a revenue of 1.809 billion yuan and a net loss of 87.92 million yuan for the fiscal year 2024, with a basic earnings per share of -0.53 yuan [1] - The company focuses on smart production lines and equipment integration, primarily serving the automotive industry, including both new energy vehicles and traditional fuel vehicles [1] - The company experienced a significant decline in new orders both domestically and internationally, attributed to reduced subsidies for new energy vehicles in Europe, increased uncertainty in U.S. policies, and intensified competition in the domestic new energy sector [1] Group 2 - In response to the industry downturn, the company implemented several strategies, including enhancing operational efficiency and expanding its overseas market presence [2] - The company established a subsidiary in Hungary to improve delivery capabilities in Europe, leveraging local expertise to enhance design, production, and debugging services [2] - The company is focusing on cost optimization measures and restructuring to adapt to the current order situation, including reducing costs for raw materials and components [2] Group 3 - The company launched a new business in embodied intelligence, collaborating with leading robotics firms to develop specialized humanoid robots for various industrial applications [3] - The company aims to transform industrial manufacturing by integrating embodied intelligent devices, potentially replacing traditional assembly line operations [3] - The company is collecting and processing industrial big data to build specialized models that enhance automation and intelligence in production [3] Group 4 - The company is responding to the trend of "software-defined vehicles" by developing intelligent production lines for electronic control systems, which are increasingly being built in-house by automakers [4] - The company is leveraging its existing customer resources and technological advantages in the new energy sector to gain a first-mover advantage in related markets [4] - The company is exploring new opportunities in various industries, including electric motors and low-altitude economy, based on its technological expertise and customer relationships in the automotive sector [4]