OLYMPIC(SH:603920) China Post Securities·2025-07-01 03:58Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Views - The company is experiencing growth driven by the automotive sector, particularly in the area of autonomous driving, which enhances the value of its products. The collaboration with international leading clients in the automotive industry is deepening, and the company is well-positioned to benefit from the rapid development of new energy vehicles [4] - The company's revenue from computing power is expected to continue increasing, with significant production capabilities established for HDI products, which are essential for AI servers. The company has secured substantial orders from both domestic and international clients [5] - The company is strategically expanding into AI-related businesses, focusing on humanoid robots, low-altitude flying vehicles, and AI smart glasses, which opens up new growth opportunities [6] Financial Projections - The projected revenues for the company are 61.0 billion, 80.1 billion, and 95.1 billion yuan for the years 2025, 2026, and 2027 respectively. The net profit attributable to the parent company is expected to be 9.0 billion, 11.5 billion, and 14.0 billion yuan for the same years [7] - The company’s revenue is forecasted to grow at rates of 21.54%, 31.29%, and 18.64% for the years 2025, 2026, and 2027 respectively [9] - The earnings per share (EPS) is projected to increase from 0.94 yuan in 2024 to 1.94 yuan in 2027, reflecting a strong growth trajectory [9]