Guangda Securities: First to give Youjia Innovation (02431.HK) a "buy" rating, expected to benefit from the accelerated penetration of smart driving.

According to the Smart Finance App, Guotai Junan Securities released a research report stating that for the first time it is covering Yujia Innovation (02431.HK) and giving it a "buy" rating. Based on the continuous advancement of the automotive intelligent process and the increasing demand for intelligent cockpit products, as well as the OEM's continuous demand for domain controllers equipped with high computing power SoC under high-level intelligent driving, the firm predicts that the company's revenue will be 1.01 billion/1.48 billion/2.01 billion yuan in 2025-2027, with year-on-year growth rates of 54%/47%/36%. In 2025, the company is expected to increase its research and development investment to meet the demand for high-level intelligent driving. As the company's shipments of intelligent cockpit and intelligent driving products continue to grow, it is expected to benefit from economies of scale.