人民财讯9月10日电，豪恩汽电（301488）近日在机构调研时表示，公司与英伟达的合作为共同合作开 发机器人大脑控制系统，涵盖英伟达JetsonThor、OrinAGX、OrinNX和OrinNano全系列控制域，双方将 共同突破机器人"大小脑"开发，开创通用机器人与物理AI的新时代。同时该域控产品尚处在开发阶段， 暂未形成收入，请广大投资者注意投资风险。 ...

Group 1: Yuanjie Technology - In the first half of 2025, Yuanjie Technology experienced significant revenue growth in the data communication sector, particularly driven by the demand for 400G/800G optical modules, showing a quarter-on-quarter upward trend [1] - The company expects substantial growth in the second half of 2025, with successful customer validation and testing of its 100mW products, and the 100G PM4 EML passing customer validation [1] - Yuanjie Technology has achieved core technological breakthroughs in high-power CW light sources and high-speed EML, while its U.S. factory is undergoing renovations, equipment procurement, and team building [1] Group 2: KEBOD - In the first half of 2025, KEBOD reported stable operations with revenue of 3.047 billion yuan, an increase of 11.10% year-on-year, and a net profit of 451 million yuan, up 21.34% year-on-year [2] - The main business revenue was 2.948 billion yuan, with domestic sales contributing 1.801 billion yuan and international sales 1.148 billion yuan; the top five customers accounted for 63.95% of revenue, with Volkswagen Group at 46.39% and Li Auto exceeding 10% [2] - KEBOD secured new projects with a lifecycle sales value exceeding 7 billion yuan and has been designated for central domain control products by an internationally renowned automotive manufacturer [2]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 44.66 CNY, based on a projected average PE of 29 times for comparable companies in 2025 [2][5]. Core Views - The company is expected to achieve a net profit attributable to shareholders of 8.11 billion CNY, 10.12 billion CNY, and 12.53 billion CNY for the years 2025, 2026, and 2027 respectively, indicating a strong growth trajectory [2]. - The automotive electronics and precision die-casting businesses are continuously securing new projects, reflecting robust demand and expansion opportunities [1][9]. Financial Summary - The company's revenue is projected to grow from 7,137 million CNY in 2023 to 17,273 million CNY in 2027, with a compound annual growth rate (CAGR) of 26.6% in 2023 and 17.5% in 2027 [4][11]. - The net profit attributable to the parent company is forecasted to increase from 465 million CNY in 2023 to 1,253 million CNY in 2027, with a growth rate of 22.2% in 2023 and 23.8% in 2027 [4][11]. - The gross margin is expected to stabilize around 20.8% to 21.6% over the forecast period, while the net margin is projected to improve from 6.5% in 2023 to 7.3% in 2027 [4][11]. - The company's earnings per share (EPS) is anticipated to rise from 0.89 CNY in 2023 to 2.39 CNY in 2027 [4][11]. Business Development - The automotive electronics segment is experiencing rapid growth, with the company actively engaging in the smart and connected vehicle transformation, launching various domain control products based on Qualcomm chip solutions [9]. - The precision die-casting business is also expanding, with significant increases in sales of automotive intelligent components and electric drive system parts, alongside new project acquisitions from major clients [9].