Hi-Target(300177)2023-07-18 13:12Business Overview - The company specializes in providing high-precision positioning solutions for intelligent driving, including products for passenger cars, commercial vehicles, and special vehicles (e.g., port trucks, construction vehicles, unmanned logistics) [2] - Key products include high-precision positioning antennas, combined 4G/5G+GNSS antennas, inertial measurement units (IMUs), and high-precision positioning algorithms [2][3] Product Details - High-precision GNSS positioning antennas: Designed for centimeter or millimeter-level accuracy, with specific requirements for beamwidth, low-elevation gain, circularity, roll-off coefficient, front-to-back ratio, and multipath resistance [3] - Combined 5G+GNSS antennas: Critical components for wireless communication, networking, and satellite positioning in smart vehicles, available in various designs (shark fin, square/round, cylindrical) [3] - Inertial Measurement Units (IMUs): Composed of accelerometers and gyroscopes, used to compensate for GNSS limitations and provide accurate positioning data through calibration [4] - High-precision positioning algorithms: Integrated with GNSS chips and IMU modules, designed to work with vehicle SOC chips and other sensors, offering potential for long-term partnerships with automakers [4] Business Progress - As of 2022, the company's products have been selected for 26 vehicle models, including Xiaopeng, SAIC, Great Wall Motors, Dongfeng, and FAW Hongqi [4] - In 2022, the company secured 12 new vehicle models for high-precision positioning antennas, 2 for combined 4G/5G+GNSS antennas, and 6 for IMUs [4] - The company has completed the construction of a million-unit production capacity for automotive-grade hardware products [5] Investment and Capacity - In October 2022, the company invested RMB 159.08 million (including interest) into its subsidiary, Haida Xingyu, to enhance R&D and market promotion for intelligent driving high-precision positioning products [5] - The company has upgraded its automotive electronics supply chain and production lines to meet the quality and capacity requirements for automotive-grade hardware products [5] - The production capacity for automotive-grade hardware products has reached a million units per year [5] Future Goals - The company aims to build a standardized, automated, and environmentally friendly production base to improve its intelligent driving high-precision positioning product structure and service capabilities [6] - The goal is to seize industry opportunities and achieve rapid growth through the "Intelligent Driving High-Precision Positioning Hardware and Software Product R&D and Industrialization Project" [6]