WFHT(000581) 信达证券·2025-06-01 07:15Investment Rating - The investment rating for Weifu High Technology (000581.SZ) is not explicitly stated in the provided documents, but the report discusses the company's strategic initiatives and market positioning, indicating a positive outlook for the company [2][4]. Core Viewpoints - The establishment of a joint venture, Weifu Baolong Technology Co., Ltd., with Baolong Technology aims to deepen research in fully active suspension systems, with a registered capital of RMB 400 million, where Weifu Jin Ning contributes RMB 220 million (55%) and Baolong contributes RMB 180 million (45%) [2]. - The report emphasizes the growing importance of fully active suspension technology, which utilizes advanced sensors and electronic control systems to enhance driving comfort and handling by adjusting suspension in real-time [4]. - The collaboration is expected to leverage Weifu Jin Ning's technology in active suspension hydraulic pumps and Baolong's experience in air suspension systems to enhance market competitiveness and operational efficiency [4]. Summary by Relevant Sections - Company Overview: Weifu High Technology is focusing on the development of fully active suspension systems, aligning with national policies supporting new energy and intelligent vehicles, which presents a favorable market opportunity [4]. - Strategic Initiatives: The company is advancing its SMPU platform and developing 5in1 products, with ongoing sample development and testing aimed at achieving mass production [4]. - Market Positioning: The joint venture is expected to optimize resource allocation and enhance both companies' market influence in the fully active suspension sector, establishing a solid foundation for long-term growth [4].