Allwinner Technology (SZ:300458) China Post Securities·2025-01-14 01:20Investment Rating - The report maintains a "Buy" rating for the company [1][5]. Core Insights - The company is positioned to benefit from the rapid development of edge AI applications, which are expected to drive demand for high-performance SoC (System on Chip) computing. The company has launched the A523/A527 series of high-performance octa-core computing platforms, which have gained recognition from various domestic and international tablet brands [3]. - The V series of processors has been continuously upgraded to solidify the company's market position in the automotive electronic vision sector. The V853 processor is designed specifically for smart vision applications, featuring efficient NPU computing power and a variety of peripheral interfaces, thus providing stable AI edge computing support [4]. Financial Forecast and Metrics - The company is projected to achieve a net profit attributable to the parent company of 2.2 billion, 3.8 billion, and 5.5 billion yuan for the years 2024, 2025, and 2026, respectively [5]. - Revenue is expected to grow from 1,673 million yuan in 2023 to 3,642 million yuan in 2026, reflecting a compound annual growth rate (CAGR) of approximately 22% [7]. - The EBITDA is forecasted to increase significantly from 84.36 million yuan in 2023 to 472.43 million yuan in 2026, indicating strong operational performance [7]. - The earnings per share (EPS) is projected to rise from 0.04 yuan in 2023 to 0.87 yuan in 2026, showcasing the company's improving profitability [7].