STI(SZ:300416) Xin Lang Cai Jing·2026-01-21 00:37Core Viewpoint - The company is expected to achieve steady growth in its 2025 performance, with a projected net profit of 245-265 million yuan, reflecting a year-on-year increase of 6.8%-15.51% [1][4]. Group 1: Financial Performance - The company's net profit for Q4 2025 is projected to be between 88.16-108 million yuan, representing a year-on-year growth of 6.2%-30.3% and a quarter-on-quarter increase of 123%-173% [1][2]. - The non-recurring net profit for Q4 2025 is expected to be between 83.51-104 million yuan, with a year-on-year growth of 9.3%-35.5% and a quarter-on-quarter increase of 137%-194% [1][2]. Group 2: Business Strategy and Market Position - The company adheres to a strategy of focusing on its core business, dual-driven development, and the integration of manufacturing and services, which has contributed to its stable growth [2]. - The significant quarter-on-quarter growth in Q4 2025 is attributed to the elimination of adverse factors, recovery in downstream demand, and growth in new business areas such as commercial aerospace [2]. Group 3: Expansion and Innovation - The company is actively expanding into new industries, enhancing its testing capabilities in commercial aerospace, aviation equipment, smart robotics, and new energy sectors [3]. - The company has signed a project cooperation agreement with the Hangzhou Yunqi Town Management Committee, planning to invest no less than 300 million yuan to establish a high-end space environment simulation testing platform [2][3]. - The company has received various laboratory accreditations, enhancing its position in the automotive supply chain and international wireless testing [3]. Group 4: Profit Forecast and Valuation - The company is projected to achieve net profits of 257 million, 331 million, and 399 million yuan for the years 2025-2027, with year-on-year growth rates of 12.08%, 28.85%, and 20.56% respectively [4]. - The corresponding price-to-earnings ratios are expected to be 35, 27, and 23 times for the years 2025, 2026, and 2027 [4].