After two consecutive weeks of decline, the A-share market finally rebounded this week, with the three major stock indexes in Shanghai and Shenzhen all closing out of the Zhouyang line and achieving different ranges of rise.

Although the market rebounded as a whole, many bull stocks have seen a relatively large retracement. For example, the Cambrian (688256. SH), the bull stock that rose the most last year, fell nearly 19% this week, a weekly decline rarely seen since its listing.

In addition, the new bull stock Huihan shares (301600. SZ) also rose and retreated, falling more than 24% in two days on Thursday and Friday. As a high-profile "New Year's Eve cow" of the Internet of Vehicles, does the sharp pullback in the share price of Huihan shares provide a better opportunity, and what is the quality of this company?

Intensive institutional research and high growth characteristics are obvious

According to relevant information, the full name of Huihan shares is Huihan Microelectronics Co., Ltd., which will be listed on the GEM of the Shenzhen Stock Exchange on September 11, 2024, with an issue price of 39.84 yuan per share and a total market value of 699.2 million yuan.

After the listing of Huihan shares, the stock price hit a minimum of 46.53 yuan / share on September 23, 2024, and has risen all the way since then, reaching 285.05 yuan / share on Thursday (January 16), with a maximum increase of more than 6 times in the range. The main rising wave of the stock began in early December last year, and after it started around 80 yuan per share, it achieved more than 3 times the increase in a month and a half.

The main business of Huihan Co., Ltd. is the R&D, production and sales of Internet of Vehicles intelligent terminals and Internet of Things intelligent modules, and provides customers with software and technical services. According to the research data of the institution, the company is one of the few companies in China that can provide intelligent terminals, intelligent modules and solutions for a number of vehicle enterprises at the same time.

Xinhua Finance noticed that since the beginning of December last year, Huihan has received a total of 8 institutional surveys, with a total of 60 institutions, which has attracted a high degree of attention.

One of the reasons why institutions pay so much attention to Huihan shares is the huge potential of the domestic intelligent networked vehicle industry. According to the latest report on the "Forecast of Output Value Increment of Vehicle-Road-Cloud Integrated Intelligent Networked Vehicle Industry" released by the Society of Automotive Engineers of China and other institutions, under the neutral expectation scenario, the output value of the domestic vehicle-road-cloud integrated intelligent networked automobile industry in 2025 and 2030 is expected to increase by 729.5 billion yuan and 2,582.5 billion yuan respectively, with an average annual compound growth rate of 28.8%, and industrial development will actively promote China's economic growth.

From 2020 to 2023, the company's revenue increased from 265 million yuan to 813 million yuan, and its net profit increased from 27.19 million yuan to 127.6 million yuan. In the first three quarters of 2024, the company's revenue has reached 735 million yuan, close to the level of last year, and its net profit is 134.9 million yuan, which has exceeded the level of last year.

According to the China Economic and Social Industry Insight Industry Data Service Platform (hereinafter referred to as the "Industry Insight System"), compared with the average revenue and net profit level of the intelligent networked automobile industry in recent years, the growth of Huihan shares is undoubtedly better.

The new product has attracted much attention, and the number of new patents added last year reached a record high

In addition to the high prosperity of the industry and the high growth of the company itself, the new products of Huihan have also received great attention. The company said in the investor relations activity record sheet released on January 15 that the company's Internet of Vehicles intelligent terminal products include Internet of Vehicles TBOX and eCall terminals, and the company has obtained China's first NG eCall certificate on January 6, 2025. At present, the company's eCall automotive safety terminal has been installed in a variety of models of SAIC, Chery Automobile, Geely Automobile, Great Wall Motor, BYD, NIO and other brands.

According to Huihan, the eCall emergency call system is a system composed of on-board eCall terminals, mobile communication networks and PSAP call centers, which can effectively improve the timeliness of traffic accident rescue and reduce the accident casualty rate. It is an automotive-grade product that can still work after a violent collision. Even if the eCall system fails due to an accident, once it detects that the automatic trigger condition is met, the eCall system will try to make an emergency call to the maximum extent, report the minimum data information and establish a two-way voice call.

According to the industry insight system, Huihan shares have shown rapid growth in the number of patent applications in recent years. In the past 2024, the company has applied for a total of 126 patents, and the number of new patents in a single year has also reached a record high.

From the perspective of the distribution of enterprise patent keywords, the number of Internet of Vehicles terminals, wireless modules, vehicle terminals and Internet of Vehicles systems ranks in the forefront.