Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [13]. Core Insights - The company, Aodiwei, is a high-tech enterprise specializing in intelligent sensors and actuators, with products widely used in automotive electronics, smart instruments, smart homes, security, and consumer electronics. The company has shown a steady recovery in its sensor business, achieving a revenue of 467 million yuan in 2023, a year-on-year increase of 23.6%, and a net profit attributable to shareholders of 77 million yuan, up 45.3% year-on-year [14][16]. - The sensor market in China is expanding, with the market size expected to grow from 1,429.6 billion yuan in 2023 to 1,643.1 billion yuan in 2024. Domestic manufacturers are increasingly competitive, moving from imitation to innovation in high-end sensors [15]. - The company has a robust R&D and quality control system, holding 286 patents, including 57 invention patents, and is actively expanding into new application areas such as robotics and industrial flexible production [16]. Financial Summary - The company forecasts revenue growth from 570 million yuan in 2024 to 837 million yuan in 2026, with corresponding net profits of 94 million yuan and 141 million yuan respectively. The earnings per share (EPS) are projected to increase from 0.66 yuan in 2024 to 1.00 yuan in 2026 [14][16]. - The company's price-to-earnings (P/E) ratios for 2024-2026 are expected to be 22.59, 18.51, and 14.94, significantly lower than the average of comparable companies, indicating a favorable valuation [16].
智能传感，智控未来