On December 4th, Guanglong Hui reported that Orient's research reports pointed out that NAXIN Micro (688052.SH) will have a revenue of 0.517 billion yuan in the third quarter of 2024, once again reaching a historical high. The revenue in the third quarter increased by 6% month-on-month and 87% year-on-year, achieving month-on-month growth in revenue for five consecutive quarters. The company's automotive electronics business continues to expand with rapid revenue growth and strong market demand. In addition, the company's overseas layout is progressing smoothly. Based on the average PS valuation of comparable companies at 7.5 times for 2025, the corresponding target price is 136.40 yuan, maintaining a 'buy' rating.
研报掘金丨东方证券：纳芯微汽车电子持续拓展，海外布局进展顺利，维持“买入”评级
Research Reports丨Orient Securities: Naxin Micro Automotive Electronics continues to expand, overseas layout progresses smoothly, maintains a "buy" rating
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