Investment Rating - The report maintains a "Buy" rating for the company 卓胜微 (300782) [2] Core Insights - The company plans to raise 3 billion yuan to expand its RF chip production lines, addressing the urgent domestic demand for 5G RF front-end chips and modules, while also focusing on customized and modular new products [5] - The global RF front-end module market is projected to reach approximately 26.54 billion USD in 2024, indicating significant growth potential [5] - The company has successfully launched the L-PAMiD series products, which are crucial in the RF front-end field, and aims to enhance its market share and brand influence through continuous product optimization [6] Financial Projections - The company is expected to achieve revenues of 4.49 billion yuan, 5.21 billion yuan, and 6.10 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 431.58 million yuan, 481.87 million yuan, and 563.33 million yuan [7] - The projected growth rates for revenue are 2.58%, 16.01%, and 17.14% for the years 2024, 2025, and 2026 respectively [9] - The earnings per share (EPS) are forecasted to be 0.81 yuan, 0.90 yuan, and 1.05 yuan for the years 2024, 2025, and 2026 respectively [9]
卓胜微：定增助力扩产，L-PAMiD有望起量-20250311