Tianlong Corporation(SH:603266) Zheng Quan Zhi Xing·2025-07-30 23:29Core Viewpoint - Tianlong Co., Ltd. is focusing on precision plastic manufacturing, particularly in the automotive electronics and lightweight structural components sectors, and has been given a "Buy" rating in a recent research report [1][4]. Investment Highlights - The company specializes in precision plastic manufacturing with capabilities in precision molds, injection molding, stamping, and assembly, primarily serving the automotive and electrical appliance sectors [2]. - In the automotive parts sector, the focus is on precision electronic components and lightweight structural parts, with plans to develop large functional plastic components and integrated electronic products for new energy vehicles [2]. - The company has completed construction of its production base in Thailand, with most equipment expected to be operational by the end of July, and aims to secure more overseas orders [2]. Strategic Collaborations - The company has invested in Wuhan Feien Microelectronics, which specializes in MEMS sensor development and manufacturing, and is expanding into humanoid robotics, aligning with the trend of lightweight materials in robotics [3]. - The company’s core advantages in precision molds and automated assembly, combined with established customer resources in the automotive and electrical sectors, position it well to enter the robotics market [3]. Profit Forecast - Revenue projections for the company are estimated at 1.587 billion, 1.920 billion, and 2.158 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.69, 0.82, and 0.97 yuan [4]. - The current stock price corresponds to PE ratios of 32.6, 27.2, and 23.0 for the years 2025, 2026, and 2027, indicating a favorable investment outlook [4].