Allwinner Technology (SZ:300458) China Post Securities·2026-01-08 07:50Investment Rating - The investment rating for the company is upgraded to "Buy" [1] Core Insights - The company has commenced large-scale sales of its AI glasses SOC, with the next-generation product expected to ship in Q1 of this year. The V821 solution has already achieved nearly one million units in production, and the upcoming V881 model will support 12 to 24 million pixel photography and 4K video recording, with enhanced computing power and optimized standby power consumption [4][5] - The company is focused on providing complete AI products by integrating solutions and AI models, emphasizing that the core competitiveness of edge AI products lies not only in hardware specifications but also in software capabilities [5] - Revenue projections for the company are estimated at 2.93 billion, 3.61 billion, and 4.34 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 366.15 million, 530.14 million, and 657.99 million yuan for the same years, leading to a "Buy" rating [6] Financial Overview - The latest closing price of the company's stock is 44.66 yuan, with a total market capitalization of 36.9 billion yuan and a circulating market value of 30.2 billion yuan. The company has a debt-to-asset ratio of 15.6% and a price-to-earnings ratio of 171.77 [3] - The company’s projected revenue growth rates are 36.76%, 28.04%, 23.21%, and 20.32% for the years 2024, 2025, 2026, and 2027 respectively [9] - The estimated earnings per share (EPS) are projected to be 0.20, 0.44, 0.64, and 0.80 yuan for the years 2024, 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 221.08, 100.68, 69.54, and 56.02 [11]