Workflow
营收利润持续增长,多项技术取得了进展

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company has shown continuous growth in revenue and profit, with multiple technological advancements achieved [2] - In Q1 2024, the company reported a revenue of 348 million yuan, representing a year-on-year increase of 7.63%, and a net profit attributable to the parent company of 140 million yuan, up 8.57% year-on-year [2] - The company has made breakthroughs in several technologies in 2023, including high-voltage isolation design technology and bipolar modulation technology, addressing key challenges in signal transmission and power amplifier miniaturization [2][2] Financial Performance Summary - The company's revenue for 2023 is projected at 1,297 million yuan, with a year-on-year growth of 66.5% [5] - The net profit attributable to the parent company for 2023 is expected to be 611 million yuan, reflecting a year-on-year increase of 101.5% [5] - The gross margin is expected to remain stable at around 74.5% for the forecast period [5] - The projected net profits for 2024, 2025, and 2026 are 661 million yuan, 832 million yuan, and 1,013 million yuan, respectively, with corresponding growth rates of 8.3%, 25.8%, and 21.7% [5] - The price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are projected to be 19.97, 15.87, and 13.03, respectively [5]