Triductor(SH:688259) China Post Securities·2025-04-01 01:05Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Insights - The company is actively engaged in the development of EtherCAT communication chips for industrial robots, which have begun small-scale shipments to industrial control clients. These chips are expected to replace similar imported products due to their high precision and reliability [4] - The company has also been pushing its Star Flash chips and solutions to the market, leveraging advanced technologies such as Polar codes and central scheduling. This technology offers significant advantages over traditional short-range wireless communication, and the company has already secured contracts for set-top boxes using its chips [5] - Revenue projections for the company are estimated at 590 million yuan in 2024, 750 million yuan in 2025, and 1 billion yuan in 2026, with net profits expected to be 60.24 million yuan, 80.95 million yuan, and 110.51 million yuan respectively [6] Company Overview - The latest closing price of the company's stock is 46.75 yuan, with a total market capitalization of 5.2 billion yuan. The company has a total share capital of 1.12 billion shares and a debt-to-asset ratio of 40.3% [3] - The company has a price-to-earnings ratio of 64.04, indicating a relatively high valuation compared to its earnings [3]