Group 1 - The core business of the company focuses on intelligent production lines and equipment integration, primarily serving the automotive industry, including both new energy vehicles and traditional fuel vehicles [1] - The company has established subsidiaries or branches in multiple locations, including Jiangsu, Guangdong, Liaoning, India, the USA, Germany, and Hungary, with a high proportion of international clients [1] - The company is actively developing humanoid robots and has identified over 40 application scenarios for robots, focusing on specific tasks such as tightening, handling, and inspection [3] Group 2 - The company explained that its revenue recognition is based on project completion and acceptance, leading to noticeable fluctuations in revenue across quarters due to varying project timelines and client acceptance processes [2] - The company is addressing potential impacts from international trade changes by expanding market reach and enhancing local delivery capabilities in the USA [2] - New products for 2024 will include humanoid robots, autonomous mobile robots, and other intelligent equipment, expanding applications beyond automotive core components [2]

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]

Core Viewpoint - Haosen Intelligent (688529) reported a decline in revenue and net profit for the year 2024, primarily due to delays in order acceptance and increased competition in the domestic automotive market [1][2] Group 1: Financial Performance - The company achieved a revenue of 1.809 billion yuan and a net loss of 87.9198 million yuan for the reporting period [1] - New orders signed during the reporting period amounted to 1.541 billion yuan, indicating a decrease in new orders due to various market challenges [2] Group 2: Market Conditions - The decline in new orders is attributed to the reduction or cancellation of subsidies for new energy vehicles in Europe, a slowdown in the transformation of major automotive manufacturers in Europe and the U.S., and ongoing price wars in the domestic market [2] - The company anticipates that the impact of subsidy reductions will diminish as the EU increases carbon emission assessments in 2025, which may positively influence future order performance [2] Group 3: Product Development and Innovation - Haosen Intelligent has expanded its product offerings to include electric control intelligent assembly lines and has successfully secured orders from leading clients in the new energy battery, motor, and control equipment sectors [2] - The company is actively developing next-generation solid-state batteries and axial motor technologies, while also exploring new growth areas such as low-altitude economy and humanoid robots [2][3] Group 4: Strategic Initiatives - The company is focusing on enhancing its localization capabilities in the U.S. market and is closely monitoring changes in the international trade environment to ensure operational stability [3] - Haosen Intelligent is involved in the humanoid robot application alliance and is a core participant in the development of standards for embodied intelligence, which may provide a competitive advantage in the industry [4]