各项业务进展顺利，半年度业绩预增

Investment Rating - The report maintains a "Recommended" investment rating for the company, indicating an expected performance that is better than the market by 10% to 20% over the next six months [1][12]. Core Views - The company achieved a revenue of 231.9 billion yuan in 2023, representing an 8.35% year-over-year growth, with a net profit of 10.953 billion yuan, up 19.53% year-over-year [5][6]. - The company plans to distribute a cash dividend of 3 yuan per 10 shares to all shareholders [5]. - The company is expanding its product layout beyond consumer electronics to include diversified components and modules, enhancing its vertical integration capabilities [9][8]. - The company is actively involved in the development of next-generation high-speed connection standards in collaboration with leading chip manufacturers for data centers [9]. - The company is focusing on the automotive sector, providing essential components such as wiring harnesses and connectors for electric vehicles [9]. Financial Summary - The company’s projected revenues for 2024 to 2026 are 273.65 billion yuan, 322.91 billion yuan, and 381.03 billion yuan, respectively, with a consistent growth rate of 18% [4][11]. - The net profit forecast for 2024 is 13.829 billion yuan, with a projected increase to 19.893 billion yuan by 2026 [4][11]. - The company’s gross margin is expected to stabilize around 12.2% from 2024 to 2026, while the net margin is projected to improve slightly from 5.1% in 2024 to 5.2% in 2026 [4][11]. - The earnings per share (EPS) is expected to rise from 1.93 yuan in 2024 to 2.77 yuan in 2026, reflecting strong profitability growth [4][11]. - The price-to-earnings (P/E) ratio is projected to decrease from 14.4 in 2024 to 10.0 in 2026, indicating an attractive valuation as earnings grow [4][11].