Investment Rating - The investment rating for the company is "Accumulate" [14] Core Views - The company achieved a revenue of 315 million yuan in 2023, representing a year-on-year growth of 14.52%, and a net profit attributable to shareholders of 75 million yuan, up 7.15% year-on-year [1][13] - The company is focusing on high-end testing demands in the semiconductor industry, with a significant growth potential as the market share of the top three independent third-party integrated circuit testing firms in mainland China is less than 4% [1] - The company is actively expanding its market presence and improving management, having completed the development of automotive-grade chip testing and established an engineering testing service center to enhance testing support and risk control [5][13] Financial Summary - The total revenue forecast for 2024 is 367.51 million yuan, with a projected year-on-year growth of 16.49% [4] - The net profit forecast for 2024 is adjusted to 80 million yuan, with a corresponding P/E ratio of 38.18 [14] - The gross profit margin increased by 1.41 percentage points to 51.12% in 2023, despite a significant rise in R&D expenses [13]
2023年年报点评：夯实基本盘，布局高端测试市场