Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the near term [2][7]. Core Insights - The company has a complete Wi-Fi FEM product line, including Wi-Fi 5, Wi-Fi 6/6E, and Wi-Fi 7, with several products certified by major international chip manufacturers [5]. - The revenue from Wi-Fi 7 products is expected to grow significantly, with major clients like TP Link, ZTE, and Xiaomi increasing their purchase volumes [5]. - The company plans to increase its stake in Shenzhen Chip Zhongxin Technology to 51%, aiming to enhance its presence in AI edge applications [6]. Financial Projections - Revenue forecasts for the company are projected at 530 million yuan in 2024, 850 million yuan in 2025, and 980 million yuan in 2026, with corresponding net profits of 6 million yuan and 24 million yuan in 2025 and 2026 respectively [7][9]. - The company is expected to experience a revenue growth rate of 26.64% in 2024 and 61.78% in 2025 [9]. - The EBITDA is projected to improve from -54.57 million yuan in 2024 to 26.98 million yuan in 2026 [9].
康希通信：WIFI 7 PA加速起量，智能控制模块下游整合-20250320