Hamaton(SZ:300643)2025-06-18 02:40Group 1: Company Overview and Strategy - The company has a high gross margin for commercial vehicle sensors due to technological barriers and proprietary NLP technology, which reduces power consumption and allows for miniaturization and lightweight advantages [1][2] - The company has established deep partnerships with well-known foreign fleet service providers, directly serving major clients like Amazon and Coca-Cola, which enhances its market position [2] Group 2: Research and Development - A joint R&D center with Zhejiang University focuses on intelligent trailer systems and control systems, with ongoing projects in embodied intelligence, including hydrogen sensors for new energy vehicles [2] - Currently, the project is in the feasibility study phase, with no products launched yet [2] Group 3: Financial Performance - In Q1 2025, the sales revenue for sensors and vehicle digital information control devices reached 86.57 million yuan, a 41.17% increase year-on-year, primarily driven by the aftermarket replacement TPMS in Europe and the US [2] - The metal hose business saw a decline of 13.3% in sales compared to the previous year, attributed to market downturns in Europe and geopolitical factors [2] - The forecast for heavy truck sales in 2025 is 389,000 units, a slight decrease of 1.8% from 2024, while the global market is expected to grow by 3.1% [2]