Investment Rating - The report maintains a "Buy" rating for the company, expecting significant growth in net profit from 2024 to 2026 [1]. Core Insights - The company recently held its 2024 Developer Conference and Product Launch, introducing various low-power AI products and technologies, including intelligent imaging, smart automotive, and smart robotics [1]. - The company focuses on "perception + computation" to develop advanced edge AI products, aiming to provide innovative solutions for AI applications across multiple sectors such as AIoT, robotics, smart cars, and smart homes [1]. - The SSC309QL smart glasses solution was launched, targeting a market expected to reach hundreds of billions. This product features chiplet technology and significantly reduced power consumption compared to previous models [1]. Financial Forecast and Metrics - The company forecasts net profits of 240 million, 331 million, and 472 million yuan for 2024, 2025, and 2026 respectively, with a projected revenue growth rate of 24.24%, 25.00%, and 21.43% during the same period [1][3]. - The expected earnings per share (EPS) are projected to be 0.57 yuan, 0.79 yuan, and 1.12 yuan for 2024, 2025, and 2026 respectively, indicating a positive growth trajectory [1][3]. - The company’s revenue is expected to grow from 2,510 million yuan in 2024 to 3,810 million yuan in 2026, reflecting a strong recovery from a decline in 2023 [1][3].
星宸科技：探索智慧实践，洞见AI未来