Hirain Technology announces latest performance report, focusing on the development of automotive electronics business

Jingwei Hirain (688326) recently released its latest performance report. The report shows that the company's main operating income in the first half of 2024 reached RMB 2.027 billion, a year-on-year increase of 19.43%. Although the net profit attributable to the parent was RMB -333 million, a year-on-year decrease of 274.35%. The company has made large investments in the Xiaomi regional controller project and the Xiaopeng MON central controller project in the past two years, and both projects have been mass-produced. In addition, the company has also made high investments in the head-up display system based on the DLP solution. The R&D cycle is about two years. It has been mass-produced on many models and has generated revenue. In terms of electrification, the company is transforming to high-voltage products, and BMS 400V and 800V products have been mass-produced; at the same time, the company is also developing all-in-one products, and there will be projects for mass production soon. In the Mobileye route, the company has developed from EyeQ4 to EyeQ6 (including EyeQ6H and EyeQ6L), and it is expected that high-speed NOA can be achieved based on the single-chip EyeQ6H chip in the future; in non-Mobileye solutions, the solution based on TDA with partners is currently in mass production, and the solution in cooperation with domestic Soc is under development. Last year, the company developed its own parking perception and formed a driving and parking integrated solution; in the mid-level high-speed NOA, the company has mass-produced products based on TDA, and will subsequently mass-produce products based on Mobileye solutions; in the high-end, the company has EyeQ6 and Huixi solutions.