Investment Rating - The report maintains a "Buy" rating for the company with a target price of —— yuan over the next six months [1]. Core Insights - The company has demonstrated continuous improvement in profitability, with a third-quarter dividend declared [1]. - For the first three quarters of 2025, the company achieved a revenue of 5.9 billion yuan, representing a year-on-year increase of 19.4%, and a net profit attributable to the parent company of 2.1 billion yuan, up 29.4% year-on-year [7]. - The gross margin for the first three quarters of 2025 was 54.4%, an increase of 1.9 percentage points year-on-year, while the net profit margin was 36.3%, up 2.5 percentage points year-on-year [7]. - The company is focusing on product development and expanding its presence in the screw rod sector, diversifying raw materials and applications [7]. Financial Summary - Revenue projections for 2024A, 2025E, 2026E, and 2027E are 680.28 million yuan, 856.32 million yuan, 1,122.33 million yuan, and 1,507.60 million yuan, respectively, with growth rates of 16.63%, 25.88%, 31.06%, and 34.33% [2]. - The net profit attributable to the parent company is forecasted to be 211.61 million yuan, 276.42 million yuan, 380.63 million yuan, and 490.83 million yuan for the same years, with growth rates of 14.76%, 30.63%, 37.70%, and 28.95% [2]. - The earnings per share (EPS) are expected to be 1.55 yuan, 2.03 yuan, 2.79 yuan, and 3.60 yuan for 2024A, 2025E, 2026E, and 2027E, respectively [2]. - The return on equity (ROE) is projected to increase from 15.72% in 2024A to 21.21% in 2027E [2]. Dividend Policy - The company has announced a cash dividend of 2.50 yuan per 10 shares for the third quarter of 2025, with a cumulative dividend payout ratio of 35.6% for the year [7].