HAXC (SZ:300928)2025-03-20 14:32Group 1: Company Overview - Huazhong Xinchang has over ten years of focus on the automotive electronics sector, becoming a leading comprehensive service provider for intelligent cockpits in China [2] - The company’s product offerings include intelligent cockpit display systems, domain control systems, full LCD instruments, head-up displays, electronic rearview mirrors, and intelligent driving assistance systems [2] - The company has established a smart manufacturing base in Nantong, which is gradually enhancing its manufacturing capabilities and generating product sales revenue [2][3] Group 2: Business Growth and Market Position - The company benefits from the trends of electrification and intelligence in the automotive industry, leading to simultaneous growth in volume and price, with increasing performance potential [2] - Huazhong Xinchang has formed joint ventures with major panel suppliers, enhancing its supply capabilities and expanding its smart cockpit display terminal business [2] - The company serves numerous domestic automakers, with products used in popular models from brands like BYD, Great Wall, Geely, Changan, Chery, Ford, SAIC, and others [3][5] Group 3: Production and Client Engagement - The Nantong manufacturing base is progressing well, with some projects already in mass production and expected to ramp up capacity [3] - The company has secured supplier qualifications and project designations across various vehicle categories, including passenger cars and commercial vehicles, with key clients such as Changan, Avita, SAIC, and others [4] - Huazhong Xinchang aims to accelerate the mass production of existing projects while expanding its client base and market share [4] Group 4: Emerging Business Areas - The company is actively exploring new business areas, including low-altitude flying vehicles, with plans for display systems and satellite communication products [6][8] - Huazhong Xinchang has joined the Beijing Low Altitude Industry Alliance and is collaborating with various low-altitude clients to enhance its product competitiveness [6] - The company is also focusing on integrating artificial intelligence with intelligent cockpits to develop smarter, safer, and more personalized solutions [8]