汇顶科技：多产品，多领域积极布局

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Views - The company reported a revenue of 2.26 billion yuan for the first half of 2024, representing a year-on-year growth of 11.6%, and achieved a net profit of 320 million yuan, marking a turnaround from losses [5] - The company has pioneered under-display optical fingerprint technology, enhancing the design of full-screen smartphones and maintaining a dominant market position [6] - The company is actively expanding its product offerings in the AIOT sector, including under-display light sensors and health sensors, with significant growth in product shipments [6][7] - The company is expected to achieve revenues of 5 billion, 6 billion, and 7 billion yuan in 2024, 2025, and 2026 respectively, with corresponding net profits of 700 million, 800 million, and 900 million yuan [8] Financial Summary - The company’s total revenue for 2023 is projected at 4.408 billion yuan, with a growth rate of 30.26% [10] - The net profit attributable to the parent company for 2023 is estimated at 165 million yuan, with a significant growth rate of 122.08% [10] - The company’s earnings per share (EPS) for 2024 is projected to be 1.53 yuan, with a price-to-earnings (P/E) ratio of 38.90 [10][11]