研报掘金丨国盛证券：维持再升科技“买入”评级，看好板块成长潜力

Group 1 - The core viewpoint of the article is that Zaiseng Technology's acquisition of Maikelong aims to achieve a closed-loop in the VIP industry, highlighting the growth potential of the sector [1] - The acquisition includes performance betting clauses to ensure profitability over three years, indicating a strategic move to secure financial stability [1] - This acquisition is expected to create a win-win situation, enhancing Zaiseng Technology's overall competitiveness in the vacuum insulation panel (VIP) field [1] Group 2 - Zaiseng Technology is recognized as one of the leading companies in the global air filtration and thermal insulation energy-saving niche [1] - The acquisition further improves the company's vertical industrial layout in the VIP insulation materials sector, aligning with the recent favorable policies introduced for VIP materials [1] - The company is positioned to integrate the VIP business chain effectively, which is anticipated to become a new growth driver [1] Group 3 - The projected net profit for the company from 2025 to 2027 is estimated to be 100 million, 140 million, and 170 million respectively, with corresponding price-to-earnings ratios of 50x, 35x, and 29x [1] - The report maintains a "buy" rating for the company, reflecting confidence in its future performance [1]