公司信息更新报告：业绩位于预告上沿，产品结构优化+积极出海巩固龙头地位

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected performance that will exceed the market by over 20% [19]. Core Views - The company achieved a total revenue of 5.52 billion yuan in 2023, representing a year-on-year growth of 70% [1]. - The net profit attributable to the parent company for 2023 is projected to be 504 million yuan, with an expected growth rate of 71% [6]. - The report highlights the company's strong position as a third-party supplier of vehicle power supplies and its leading progress in overseas markets [1]. Financial Summary - Revenue projections for 2023-2025 are adjusted to 55.17 billion, 74.84 billion, and 97.96 billion yuan, respectively [1]. - The net profit forecasts for the same period are revised to 5.04 billion, 7.05 billion, and 9.36 billion yuan, respectively [1]. - Earnings per share (EPS) are expected to be 1.20, 1.67, and 2.22 yuan per share for 2023-2025 [1]. - The current price-to-earnings (P/E) ratios are projected to be 27.9, 19.9, and 15.0 times for the respective years [1]. Quarterly Performance - In Q4 2023, the company experienced a significant quarter-on-quarter revenue increase, attributed to the resumption of overseas client activities and seasonal sales growth [2]. - The net profit margin in Q4 improved significantly, reaching 11%, up by 5.3 percentage points from the previous quarter [19].