OmniVision Integrated Circuits Group(SH:603501) Huajing Securities·2025-03-13 14:31Investment Rating - The report maintains a "Buy" rating for the company with a target price of RMB 146.00, indicating a potential upside of 4% from the current price of RMB 140.88 [1][5]. Core Insights - The report highlights the potential revenue growth for the company's automotive CIS (CMOS Image Sensor) business in 2025-2026, driven by the increasing adoption of intelligent driving cameras in mid-to-low-end vehicle models [3][4]. - The introduction of new mobile CIS products is expected to boost revenue in 2026, as the company plans to launch several high-pixel and low-power consumption products [5]. Financial Summary - Revenue projections show a steady increase from RMB 20,078 million in 2022 to RMB 37,539 million in 2026, reflecting a compound annual growth rate [6]. - Earnings per share are expected to rise from RMB 0.84 in 2022 to RMB 4.81 in 2026, indicating strong profitability growth [6]. - The price-to-earnings (P/E) ratio is projected to decrease from 142.2 in 2022 to 29.3 in 2026, suggesting improved valuation over time [6].