投资要点事件：公司发布2025 年一季报，2025Q1 公司实现营收3.3 亿元，同比-12.4% ， 环比-30.7% ； 归母净利润-1.0 亿元， 亏幅同环比收窄24.4%/23.7%；毛利率23.5%，同比+11.2pct，环比+1.3pct。ADAS：客户结构性切换带来短期出货扰动，新产品拐点意义明显。2025Q1 公司ADAS 产品实现营收2.29 亿元，同比-25.2%，环比-...
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