OLYMPIC(SH:603920) China Post Securities·2026-02-04 08:48Investment Rating - The investment rating for the company is "Buy" and is maintained [2] Core Insights - The company is positioned to benefit from strong demand in the energy storage sector, with a full order book and expected growth driven by a combination of policy, technology, and market factors in 2026 [5] - The company has established stable partnerships with leading international firms such as Eaton, Mitsubishi, Bosch, and ABB, providing high-reliability PCB products for industrial control and energy storage applications [5] - The company has entered the supply chain of Nvidia and AMD, participating in the development and testing of next-generation products, which enhances its credibility and market position [6] - The company is set to begin production of embedded chip technology by mid-2026, which is expected to improve electrical performance and reliability for various applications, including electric vehicles and data centers [7] Financial Projections - Projected revenues for 2025, 2026, and 2027 are 60.0 billion, 80.1 billion, and 100.0 billion yuan respectively, with net profits of 9.0 billion, 12.2 billion, and 17.1 billion yuan [5][9] - The company anticipates a revenue growth rate of 19.51% in 2025, 33.50% in 2026, and 24.82% in 2027 [9] - Earnings per share (EPS) are projected to be 1.25 yuan in 2025, 1.69 yuan in 2026, and 2.38 yuan in 2027 [9]