国泰海通维持禾赛（HSAI.O）增持评级

25Q4交付量同比+184.2%，全年营收30.28亿元，Non-GAAP净利润5.51亿元，规模效应显著。ADAS业务获40家车企定点，多雷达方案推高单车价值；机器人及全球化布局加速，2026年产能将超400万台。基于FY2026E EPS 6倍估值及汇率假设，目标价24美元。

$禾赛(HSAI)$ $禾赛-W(02525)$

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":549299271329912,"tweetId":"549299271329912","gmtCreate":1775128175128,"gmtModify":1775135309734,"author":{"id":3575272506103176,"idStr":"3575272506103176","authorId":3575272506103176,"authorIdStr":"3575272506103176","name":"投行小師弟","avatar":"https://static.tigerbbs.com/cbaef50e1a36058616ca717b01b65c25","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":29,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"国泰海通维持禾赛（HSAI.O）增持评级","html":"<html><head></head><body>25Q4交付量同比+184.2%，全年营收30.28亿元，Non-GAAP净利润5.51亿元，规模效应显著。ADAS业务获40家车企定点，多雷达方案推高单车价值；机器人及全球化布局加速，2026年产能将超400万台。基于FY2026E EPS 6倍估值及汇率假设，目标价24美元。\n<a href=\"https://laohu8.com/S/HSAI\">$禾赛(HSAI)$</a> <a href=\"https://laohu8.com/S/02525\">$禾赛-W(02525)$</a></body></html>","htmlText":"<html><head></head><body>25Q4交付量同比+184.2%，全年营收30.28亿元，Non-GAAP净利润5.51亿元，规模效应显著。ADAS业务获40家车企定点，多雷达方案推高单车价值；机器人及全球化布局加速，2026年产能将超400万台。基于FY2026E EPS 6倍估值及汇率假设，目标价24美元。\n<a href=\"https://laohu8.com/S/HSAI\">$禾赛(HSAI)$</a> <a href=\"https://laohu8.com/S/02525\">$禾赛-W(02525)$</a></body></html>","text":"25Q4交付量同比+184.2%，全年营收30.28亿元，Non-GAAP净利润5.51亿元，规模效应显著。ADAS业务获40家车企定点，多雷达方案推高单车价值；机器人及全球化布局加速，2026年产能将超400万台。基于FY2026E EPS 6倍估值及汇率假设，目标价24美元。 $禾赛(HSAI)$ $禾赛-W(02525)$","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/549299271329912","repostId":0,"isVote":1,"tweetType":1,"viewCount":453,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["02525","HSAI"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":239,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/549299271329912"}