Core Viewpoint - The company is experiencing growth in its battery box and smart exterior components businesses, with significant new orders and strategic partnerships that enhance its market position and product offerings [1][2]. Group 1: Battery Box Business - The company has secured its first battery box assembly orders from Chang'an and Anhui Volkswagen in 2024 [1] - The market share of the company's battery box business is steadily increasing among key clients, including successful penetration into the European Hyundai-Kia market [1] - The company has also made breakthroughs in the North American Ford and Japanese Toyota battery box businesses [1] Group 2: Smart Exterior Components - The company is focusing on the development of smart front and rear face systems and smart door systems, achieving a comprehensive upgrade in exterior smart technology [2] - In 2024, the company aims to expand its offerings in front and rear assemblies, door assemblies, and composite structural components [2] - The company has developed an integrated smart front face solution with features like lighting, heating, wave transmission, and automatic cleaning, applicable to L4 level autonomous driving scenarios [2] - The market penetration of several products is continuously improving, with successful projects including a fully enclosed smart front face panel for a European brand and mass production of a laser radar cover for a well-known tech car manufacturer [2] Group 3: Strategic Partnerships and Innovations - The company has signed a strategic cooperation agreement with Zhiyuan Robotics, focusing on smart exterior and electronic skin technology, humanoid robot wireless charging, and joint assembly development [2] - The collaboration aims to enhance touch interaction, temperature sensing, color-changing functions, and environmental perception in humanoid robots [2] - The company plans to leverage its advanced manufacturing experience in automotive parts to promote the secondary development and application of humanoid robots in automotive manufacturing scenarios [2] Group 4: Profit Forecast - The company forecasts net profits attributable to shareholders of 2.774 billion yuan, 3.292 billion yuan, and 3.809 billion yuan for 2025-2027, with corresponding EPS of 2.36 yuan, 2.80 yuan, and 3.24 yuan [3] - The company has initiated coverage with a "buy" rating [3]