Glonghui, October 30 | Yingheng Technology (1760.HK) opened higher and moved higher, rising more than 6% in the intraday period to HK$2.98, with the latest market value of HK$3.24 billion. According to a recent research report by Northeast Securities, under the long-term trend of smart electrification, it is optimistic that Yingheng Technology, as a supplier of automotive electronics solutions with core capabilities based on chips, will usher in long-term steady growth and give it a “buy” rating. Previously, No. 1 Shanghai also gave it a “buy” rating, with a target price of HK$6.29. The bank believes that Yingheng Technology's current orders are full, that its main business is progressing in an orderly manner, and that the growth rate of the new energy business, safety systems, and power systems business is higher than the average growth rate of the industry. Furthermore, the company cooperates more closely with chip manufacturers and automakers, and the company's market share has increased under the trend of domestic substitution.