Investment Rating - The report maintains a "Buy" investment rating for the company, indicating a positive outlook for future returns [6]. Core Insights - The company has demonstrated exceptional performance, with a reported revenue of 405 million yuan for 2024, reflecting a year-on-year growth of 27.57%. The net profit attributable to shareholders reached 222 million yuan, up 34.33% year-on-year [4][9]. - A significant contract worth 270 million yuan was signed with a client for the sale of gyroscope products, marking the largest sales order since the company's listing. This indicates a clear trend of increasing downstream demand [4][6]. - The company is diversifying its product offerings, including a six-axis IMU product line aimed at various applications such as autonomous driving and industrial robotics, which is expected to meet the growing market demand [5][6]. Financial Performance - The company’s revenue projections for 2025-2027 are set at 608 million, 920 million, and 1.399 billion yuan, respectively, with corresponding net profits of 315 million, 477 million, and 639 million yuan [6][9]. - The gross margin is projected to remain high, around 84% for the coming years, indicating strong profitability [9]. - The earnings per share (EPS) are forecasted to increase from 0.56 yuan in 2024 to 1.59 yuan by 2027, reflecting robust growth potential [9][11].
芯动联科：再获大额订单，公司产品下游放量趋势凸显-20250326