Investment Rating - The report maintains a "Buy" rating for the company [4][10] Core Views - The company reported a revenue of 14.576 billion yuan in Q1 2025, representing a year-on-year increase of 9.78% and a quarter-on-quarter decrease of 1.04% [1] - The net profit attributable to the parent company for Q1 2025 was 340 million yuan, up 11.08% year-on-year and up 1694.71% quarter-on-quarter [1] - The company has successfully implemented cost reduction and efficiency enhancement measures, leading to a significant improvement in gross margin, which increased by 1.8 percentage points to 16.3% in 2024 [2] - The company is strategically positioning itself as a "Tier 1" supplier in both the automotive and robotics sectors, aiming to build a complete industrial chain in humanoid robotics [3] Financial Performance - The company expects revenues of 60.999 billion yuan, 65.793 billion yuan, and 70.587 billion yuan for the years 2025, 2026, and 2027 respectively [4] - The projected net profits for the same years are 1.590 billion yuan, 1.902 billion yuan, and 2.307 billion yuan [4] - The basic earnings per share are estimated to be 1.13 yuan, 1.35 yuan, and 1.64 yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 14.58, 12.19, and 10.05 [4]

4月23日，2025上海车展正式开幕。全球领先的汽车智能科技解决方案提供商均胜电子（600699）以"聚力全球智赢未来"为主题，在上海车展中展示了近百 个前沿技术与产品，覆盖智能座舱、组合辅助驾驶、智能网联、新能源管理、智能内/外饰、汽车安全以及机器人关键零部件等多个领域。车展首日，均胜 电子发布了全新的沉浸式智能座舱解决方案JoySpace+，以及机器人能源管理、机甲、传感器及无线充电等多个关键零部件解决方案。 均胜电子总裁陈伟表示，"均胜电子始终以全球化视野布局未来，在'全球整合力，本土生命力'的支撑下，产品服务全球100多个汽车品牌。2024年公司营收 突破558亿元，海外业务占比超过60%，并新获了超过800亿元订单。面对产业技术进步与市场变革，我们将以更开放的姿态，与全球伙伴共拓边界，共同探 索未来出行的无限可能。" 推出全新沉浸式智能座舱解决方案 座舱是人与汽车最直接、最密切的触点，也是汽车最能和人产生深度共鸣的空间。 过去二十年来，均胜电子一直引领汽车智能座舱的发展。面对不断升级的消费者需求，均胜电子在此次上海车展正式推出全新的沉浸式智能座舱—— JoySpace+。 均胜电子沉浸式智能座舱Jo ...