汽车智能化订单获取历史新高，长期业绩可期。公司基于国内外多个芯片平台持续推出智驾域控、舱驾 融合、智能网联以及智能座舱等产品，获全球主流客户认可，2025 年前三季度公司新获订单生命周期 金额累计714 亿元，其中汽车电子318 亿元。公司于9/15、10/20 连续获得汽车智能化项目定点150、50 亿元，分别于2027 和2026 年量产，随订单量产有望持续贡献业绩增量。此外，公司与Momenta 达成战 略合作，综合双方算法与工程落地优势，推出具备市场竞争力的智驾解决方案，有望加速订单获取。 事件：10 月29 日，公司发布2025 年前三季度业绩公告，前三季度营收458.44 亿元，同比+11.5%；归母 净利润11.20 亿元，同比+19.0%。2025Q3营收155.0 亿元，同比+10.3%、环比-1.7%；归母净利润4.13 亿 元，同比+35.4%/环比+12.4%；扣非归母净利润4.16 亿元，同比+37.5%/环比+7.9%。 Q3 业绩超预期，多重举措并进促进毛利率提升。公司Q3 利润增长超市场预期，主要源自公司前瞻持续 推进材料降本、运营效率提升、产能转移优化等各项盈利改善措施。前三 ...

近两年，均胜电子不断推出基于国内外多个芯片平台的智驾域控、舱驾融合、智能网联以及智能座舱等 系列产品。这些创新产品不但具备更高算力和适配客户更开放的架构，而且不断推进全球各大汽车市场 本土化适配方案，满足未来智能驾驶与车路云协同需求。 此外，基于技术同源、生态协同的优势，均胜电子不断将汽车零部件行业的研发与制造经验拓展至机器 人领域。目前，均胜电子机器人关键部件解决方案已基本搭建完毕，并与智元机器人、北京银河通用机 器人有限公司和瑞士机器人公司RIVR等国内外机器人公司开展合作，部分产品已经批量供货或送样。 从客户结构来看，均胜电子头部自主品牌及造车新势力的订单占比持续提升，成为该公司订单增长的重 要驱动力。 值得一提的是，随着全球智能驾驶渗透率提高，今年均胜电子汽车智能化业务进入收获期。第三季度该 公司新获两家头部汽车品牌跨域融合中央计算单元(CCU)和智能网联等产品150亿元全球订单，10月 份，该公司再次获得约50亿元的智驾域控、座舱车载多联屏等全球定点项目。 本报讯(记者吴奕萱)10月29日晚间，宁波均胜电子（600699）股份有限公司(以下简称"均胜电子")发布 2025年三季报，前三季度该公司实现 ...

判过程中，奥托立夫的全球采购领导表示，航盛是他们最信任的合作伙伴。这种信任源于我们对质量的共 同追求，以及对长期主义的共同坚守。"合资公司将促进两种企业文化的深度融合，实现跨国人才与本土智 慧的共创共享。 在全球汽车产业迎来智能化深度变革、中国市场加速"出海"的关键节点，一场聚焦于安全电子的战略 合作正式落定。10月9日，深圳市航盛电子股份有限公司（以下简称"航盛"）与奥托立夫公司在深圳签署合 资协议，宣布共同成立一家专注于汽车电子安全领域产品研发与制造的新公司。这不仅是中国本土汽车电 子企业与全球汽车安全系统巨头的资本联姻，更是一次对产业"内卷"困局的破题之举，对高质量"出海"的 路径探索。 在签约仪式后的采访中，航盛董事长、总裁杨洪多次强调："惟有通过创新与坚守质量，构建良性产业生 态，中国汽车工业才能真正实现由大到强。"这场合作，正是这一理念的生动实践。 从战略合作到资本融合 强强联手共拓新蓝图 此举标志着双方自2024年签署战略合作备忘录以来，合作关系迈入了全新的实质阶段，也成为中国汽车电 子领域与全球汽车安全系统巨头深度整合的重要里程碑。 合资公司预计于2026年一季度正式成立，总部及生产基地将落户 ...

Core Insights - Junsheng Electronics is set to embark on a new capital journey with its upcoming listing on the Hong Kong Stock Exchange, having passed the listing hearing [1] - The company is recognized as a leading global provider of intelligent automotive technology solutions, focusing on both automotive electronics and safety [2] - Junsheng Electronics has reported significant growth in its automotive intelligence business, with a notable increase in new orders, particularly in the electric vehicle sector [3][4] Group 1: Company Overview - Junsheng Electronics is positioned as a "Tier 1" supplier in the automotive and robotics sectors, becoming the second-largest independent automotive parts supplier in China [2] - The company has a strong market presence, ranking second globally in passive safety products with a market share of approximately 30% [2] - Junsheng Electronics has established a global footprint with over 25 R&D centers and 60 production bases across major automotive markets [5] Group 2: Financial Performance - The company's revenue for 2022 was 49.79 billion, with projections of 55.73 billion in 2023 and 55.86 billion in 2024 [2] - Net profit figures show a growth trajectory from 394 million in 2022 to an expected 1.08 billion in 2023, followed by 960 million in 2024 [2] - In the first half of the year, Junsheng Electronics achieved a revenue of 30.35 billion, reflecting a year-on-year growth of 12% [3] Group 3: Business Developments - The company has secured new orders amounting to approximately 31.2 billion in the first half of the year, with over 66% related to new energy vehicles [3] - Junsheng Electronics has launched innovative products in the intelligent cockpit and autonomous driving sectors, reinforcing its leadership in the cockpit domain [3][4] - The company is expanding into the robotics sector, having established partnerships with notable clients and is expected to see rapid growth in this area [6] Group 4: Future Outlook - Junsheng Electronics plans to use the funds raised from its IPO to enhance R&D for next-generation automotive solutions, improve manufacturing capabilities, and expand its global presence [7] - The strategic development of a second growth curve in embodied intelligence is anticipated to provide significant incremental growth opportunities [6][7] - The company's dual growth strategy is expected to strengthen its sustainability and growth elasticity in the future [7]

Core Insights - A strategic partnership focused on automotive electronic safety has been established between Shenzhen Hangseng Electronics and global safety systems leader Autoliv, marking a significant milestone in the integration of China's automotive electronics sector with global safety systems [1][3][4] Group 1: Partnership Details - The joint venture aims to develop and manufacture products in the automotive electronic safety field, with an expected establishment date in Q1 2026, located in the Yangtze River Delta region [3][4] - Initial focus areas for the new company include hands-free detection systems, pre-tensioner safety belt controllers, and electronic applications for safety belt systems [3][4] - This partnership is seen as a critical step in Hangseng's globalization strategy, enhancing Autoliv's ability to provide advanced safety solutions in the global market [3][4] Group 2: Historical Context - The collaboration follows a strategic memorandum signed in 2024, with the recent agreement being the fastest joint venture established by Autoliv in China in nearly 20 years, taking less than 12 months from negotiation to signing [4][5] - The rapid progress reflects a deep mutual trust and efficiency between the two companies [4][5] Group 3: Strategic Values - The partnership is characterized by three strategic values: acting as a bridge connecting global market resources with China's supply chain, fostering dual empowerment through cultural integration, and amplifying resources through technological collaboration [6][7] - The emphasis on quality and long-term sustainable development is a shared principle that underpins the partnership [5][9] Group 4: Innovation and Market Strategy - The joint venture aims to address the challenges of the automotive industry, particularly the need for innovation and quality amidst fierce competition [10][12] - The companies plan to explore global markets, including potential manufacturing and R&D centers in Europe, to leverage high-quality resources [10][12] - A focus on differentiated development is intended to avoid homogenization and low-price competition, enhancing value for customers [12]