公司动态研究报告：新能源零配件增长显著，技术研发持续投入

Investment Rating - The report maintains a "Buy" investment rating for the company, indicating an expected relative increase of over 20% compared to the benchmark index [5][23]. Core Views - The company has shown significant revenue growth driven by the demand for new energy vehicle components, with a notable increase in gross margin [23]. - The first quarter of 2024 saw a revenue of 79 million yuan, representing a year-on-year increase of 56.8%, primarily due to the growth in new energy vehicle parts [23]. - The company is actively expanding its production capacity and investing in research and development to strengthen its competitive position in the new energy vehicle sector [23]. Financial Summary - Revenue Forecast: The company is projected to achieve revenues of 385 million yuan in 2024, 513 million yuan in 2025, and 659 million yuan in 2026, with growth rates of 39.7%, 33.2%, and 28.4% respectively [24]. - Net Profit Forecast: The net profit attributable to shareholders is expected to be 71 million yuan in 2024, 94 million yuan in 2025, and 117 million yuan in 2026, with growth rates of 38.3%, 32.1%, and 24.8% respectively [24]. - Earnings Per Share (EPS): The EPS is forecasted to be 0.74 yuan in 2024, 0.97 yuan in 2025, and 1.21 yuan in 2026 [24]. - Price-to-Earnings (P/E) Ratio: The current stock price corresponds to P/E ratios of 15.3, 11.6, and 9.3 for the years 2024, 2025, and 2026 respectively [23].