According to Zhitong Finance APP, multiple brokerages have recently published research reports, continuing to favor the business progress and growth potential of autonomous driving solutions provider MINIEYE (02431). Among them, CLSA issued a report reaffirming its "Outperform" rating with a target price of HK$32.00. CLSA noted that MINIEYE recently reached a cooperation agreement with Ezhou International Airport, with its autonomous shuttle bus solutions securing initial orders, expected to generate approximately RMB 40-50 million in revenue for fiscal year 2025, accounting for about 5% of total annual revenue. Additionally, the company has partnered with Shenzhen Eastern Bus and China Post Shenzhen to jointly advance the commercialization of unmanned cargo vehicles. CLSA believes that in the fully autonomous driving field, logistics transportation and airport shuttle services in closed environments represent two unique commercialization entry points with viable and sustainable business models. MINIEYE, with its L4-level solutions and first-mover advantage, is positioned to build a "strong moat" in this sector. The report also emphasized that the company's strategic cooperation with the Shenzhen government helps break through obstacles via the public sector, significantly reducing the difficulty of obtaining road access rights. Besides CLSA, CMBI Securities also maintained a "Buy" rating on MINIEYE with a target price of HK$31.4. CMBI Securities noted in its report that the company's operating revenue reached RMB 350 million in the first half of 2025, representing a 46.1% year-over-year growth with strong revenue momentum. CMBI considers the company's strategic investments to capitalize on intelligent driving platform development opportunities as necessary, expecting profitability by 2027. The report also mentioned that MINIEYE's L4 unmanned minibuses are advancing operational projects across multiple locations nationwide, with the company's first-generation unmanned logistics vehicles expected to be officially delivered in the fourth quarter. Everbright Securities maintained an "Overweight" rating on MINIEYE, highlighting that the company's intelligent driving solutions revenue grew 32.4% year-over-year in the first half, while smart cockpit business growth reached an impressive 99%. Benefiting from EU and domestic regulations driving DMS (Driver Monitoring System) penetration rate improvements and growing demand for high-computing domain controllers, the company is expected to continue benefiting from the automotive intelligence wave. Overall, MINIEYE is not only continuously expanding client appointments in the L2+ assisted driving field but has also achieved multi-scenario breakthroughs from passenger to cargo transport in L4-level autonomous driving, demonstrating strong technical implementation capabilities and business flexibility. As commercialization accelerates and scale effects emerge, the company's future profitability is expected to gradually materialize, earning continued market favor.