构建多元产品矩阵布局高增长领域 目前，豪威集团正持续构建多元化产品矩阵，产品广泛应用于智能手机、汽车、医疗、安防及新兴市场（机器视觉、智能眼镜及端侧AI）等高增长领 域。 1月12日，豪威集团正式在香港联合交易所主板挂牌上市，成为2026年第一家"A+H"上市的企业，同时也成为国内CIS领域首家实现"A+H"上市的企业，成 为港股"图像传感器第一股"。 盘中涨超16% 市值突破1500亿港元 H股上市首日，豪威集团盘收涨超16%，达121.8港元/股，市值突破1500亿港元。据悉，本次全球发售共计4580万股H股，最终发行价敲定每股104.80港 元，募资总额约48亿港元（绿鞋前），由瑞银、中金公司、中国平安资本、广发证券担任联席保荐人，募集资金将用于研发投入、全球市场渗透等方向， 也将进一步支撑公司在高增长赛道的拓展与全球化布局。 豪威集团是一家全球化Fabless半导体设计公司，CMOS图像传感器（CIS）是其主要产品。公司主要从事三大业务线：图像传感器解决方案、显示解决方 案以及模拟解决方案，能够提供多样化的图像传感器、显示产品、模拟IC和其他半导体组件组合。根据Frost&Sullivan资料，按20 ...

并且，豪威集团自主研发的LCOS技术目前已深度融入汽车智能座舱生态应用于AR-HUD抬头显示系统 与智能眼镜的核心配置，实现高精度虚拟图像投影；LCOS技术在光交换机等应用亦有布局，以全光通 信的运力优势助力AI产业。 在此背景下，豪威集团去年录得不俗业绩。2025年前三季度，公司实现营业收入217.83亿元，同比增长 15.20%，归母净利润32.10亿元，同比增长35.15%，扣非归母净利润30.60亿元，同比增长33.45%。 其中，第三季度，公司实现营收78.27亿元，同比增长14.81%，归母净利润11.82亿元，同比增长 17.26%；扣非归母净利润11.09亿元，同比增长20.40%，该季度营收和扣非归母净利润均再创单季度新 高。业绩增长主要得益于公司紧抓市场机遇，快速提升汽车智能驾驶领域渗透率，以及在全景与运动相 机等智能影像终端应用市场的显著扩张。 据披露，公司本次全球发售共计4580万股H股，最终发行价敲定每股104.80港元，募资总额约48亿港元 (绿鞋前)，由瑞银、中金公司（601995）、中国平安资本、广发证券担任联席保荐人，募集资金将用于 研发投入、全球市场渗透等方向，也将进一步支 ...

Core Insights - Company ranked ninth globally among fabless IC design firms in Q1 2025, leading among mainland enterprises [1] - Significant advancements in image sensors, analog solutions, and display solutions across multiple industries [3] Group 1: Image Sensors - Company holds the third position globally in CIS shipment volume, with 50MP sensors adopted by major brands like Huawei and Xiaomi, breaking Sony's market dominance [3] - In the automotive sector, company achieved a 32.9% market share, surpassing ON Semiconductor, becoming the leader in the global automotive CIS market with over 130 million units shipped [3] Group 2: Display Solutions - Company made technological breakthroughs in display solutions through TDDI chips and LCOS technology, widely applied in consumer electronics, automotive displays, and commercial displays [3] - Provided micro-displays for Meta's first consumer AR glasses, Hypernova, and achieved mass production in automotive AR-HUDs [3] Group 3: Analog Solutions - Progress in automotive electronic analog solutions, particularly with SBC and PMIC chip combinations, optimizing space and cost [3] - Revenue from automotive analog ICs grew by 45.51% year-on-year, entering testing phases with leading Tier 1 manufacturers, with expectations for mass production in 2026 [3] Group 4: Financial Performance - Company reported revenue of 10.346 billion yuan in the first half of 2025, with automotive revenue increasing by 30.04% year-on-year and emerging markets surging by 249.42%, becoming a core growth driver [3] - Investment firm Dongfang Securities initiated coverage with a "buy" rating, projecting revenues of 28.733 billion yuan, 34.591 billion yuan, and 38.700 billion yuan for 2025-2027, with corresponding net profits of 4.136 billion yuan, 5.381 billion yuan, and 6.171 billion yuan [4]