Investment Rating - The investment rating for the company is "Accumulate" (maintained) [3] Core Views - The company is expected to achieve a revenue of 229 million yuan in 2023, representing a 13% increase, and a net profit attributable to shareholders of 39.01 million yuan, reflecting a 12% increase. The growth is attributed to the mass production of new projects in smart home appliances and new energy vehicles, along with an increase in high-value-added products [3][22] - The company has slightly adjusted its profit forecast for 2023 but maintains its forecasts for 2024 and 2025, expecting net profits of 48 million yuan and 58 million yuan respectively, with corresponding EPS of 0.59 yuan and 0.72 yuan [3][24] - The company is optimistic about its business development in the new energy vehicle sector and the recovery of overseas demand in the home appliance sector, which is expected to provide substantial benefits [3] Summary by Sections Business Overview - The company specializes in providing one-stop solutions for wires, harness components, injection molded structural parts, PCBA, and coils [3] - The focus is on small-batch, multi-variety production, enhancing product barriers through integrated and modular strategies [5] Financial Performance - The company reported a projected revenue of 229 million yuan for 2023, with a year-on-year growth of 13.2% expected for 2024 and 27.1% for 2025 [24] - The net profit attributable to shareholders is projected to be 39 million yuan for 2023, with further increases to 48 million yuan in 2024 and 58 million yuan in 2025 [24] Future Development - The company plans to deepen collaborations with Junsheng Electronics, German EBM, and French SEB in the automotive, high-end home appliance, and industrial automation sectors [6] - The strategy includes advancing projects related to charging guns and automotive harness components, as well as exploring potential in energy storage and heat pump projects [6] Market Position - The company has received a patent for an automatic assembly machine for valve pump components, showcasing its advancements in automation and production capabilities [5] - The company aims to enhance customer acceptance of domestic alternatives in the automotive sector through its modular product offerings [5]
北交所信息更新：集成/组件化持续优化产品结构，2023年扣非归母净利润预增29%