Core Insights - The company has focused on the sensor and related instrument manufacturing sector since its establishment in 1995, achieving a stable performance with a leading position in the market [1] - The Internet of Things (IoT) segment is rapidly expanding, with projected revenue of 533 million yuan in 2024, representing a year-on-year growth of 69.34% [1] - The sensor industry is experiencing continuous growth, with the Chinese sensor market expected to reach 406.12 billion yuan in 2024, reflecting an 11.4% year-on-year increase [1] Company Strategy - The company aims to create a "sensor forest" through external investments, focusing on four key investment areas: industrial measurement and control, smart logistics, energy and environmental measurement, and robotic sensors [2] - As of the end of 2024, the company has completed nine strategic investments and has over 23 subsidiaries related to sensors and IoT [2] - Three industrial parks are being developed in Ningbo, Zhengzhou, and Shenzhen, covering approximately 300,000 square meters, to foster industry clustering and collaboration [2] Product Development - The company is expanding its product offerings in humanoid robot sensors, having delivered samples to over 50 domestic clients, with some entering the bulk order phase [3] - Investments have been made in tactile and inertial sensors, with collaborations established with various enterprises and academic institutions [3] Financial Projections - Revenue forecasts for 2025-2027 are 1.54 billion yuan, 1.84 billion yuan, and 2.17 billion yuan, with year-on-year growth rates of 18.90%, 19.28%, and 18.16% respectively [4] - Net profit attributable to the parent company is projected to be 340 million yuan, 402 million yuan, and 485 million yuan for the same period, with growth rates of 30.59%, 18.11%, and 20.79% respectively [4] - The company is rated as "buy" based on its strategic layout and expected performance growth [4]