Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company achieved a revenue of 144 million yuan in H1 2025, representing a year-on-year growth of 13.05%, and a net profit attributable to shareholders of 24.44 million yuan, up 10.15% year-on-year [8] - The company is actively expanding into emerging industries such as flying cars, robotics, and medical applications, with a notable revenue growth of 20% year-on-year in injection molded integrated components [5][8] - The company has successfully penetrated the smart electrification sector and is focusing on new projects, including high-pressure control harnesses for electric vehicles and smart charging gun components for Huawei [8] Financial Summary - Revenue projections for the company are as follows: 2023: 229 million yuan, 2024: 260 million yuan, 2025E: 298 million yuan, 2026E: 344 million yuan, 2027E: 402 million yuan, with corresponding year-on-year growth rates of 13.24%, 13.69%, 14.60%, 15.39%, and 16.94% respectively [7] - Net profit attributable to shareholders is projected to be 39 million yuan in 2023, increasing to 71 million yuan by 2027, with growth rates of 12.17%, 14.28%, 14.33%, 16.88%, and 18.71% respectively [7] - The company’s earnings per share (EPS) are expected to rise from 0.48 yuan in 2023 to 0.88 yuan in 2027 [7]
威贸电子（833346）：2025H1注塑集成件营收yoy+20%，积极拓展飞行汽车、机器人、医疗等新兴行业