Guohai Securities reiterates overweight on Joyson, citing auto-plus-robotics/AI push

Guohai Securities has reiterated its “overweight” rating on Joyson Electronics in a research note, highlighting the company’s focus on automotive safety and automotive electronics and its active push into “automotive + robotics/AI.” The brokerage says Joyson’s global customer base and supporting capacity footprint, together with its platform-based and large-scale capabilities, are helping the new business advance smoothly. It adds that the company’s established automotive positions provide a base for expansion and for introducing and scaling new products. Based on the current share price, Guohai assigns corresponding PE valuations of 26x, 22x and 18x, while maintaining the overweight call. The note presents the auto-plus-robotics/AI strategy as a way to extend Joyson’s growth story beyond traditional automotive segments. The reaffirmation signals continued sell-side support for suppliers linking vehicle intelligence with emerging embodied AI themes.