Core Viewpoint - The company reported a slight increase in revenue and net profit for 2024, but a decline in revenue and a net loss for Q1 2025, indicating mixed performance in the current fiscal year [1] Group 1: Financial Performance - In 2024, the company achieved operating revenue of 4.954 billion yuan, a year-on-year increase of 2.36%, and a net profit attributable to shareholders of 398 million yuan, up 2.05% year-on-year [1] - For Q1 2025, the company reported operating revenue of 737 million yuan, a year-on-year decrease of 0.8%, and a net loss attributable to shareholders of 31 million yuan [1] Group 2: Product Development and Market Expansion - The company has expanded its product offerings in the consumer electronics sector, covering a full range of terminal products including smartphones, tablets, TWS Bluetooth headsets, smartwatches, laptops, and AR/MR/VR devices [2] - In the new energy sector, the company has achieved large-scale domestic deliveries of its tunnel cavity injection machines and secured overseas mass production orders from leading industry clients [2] - The company is enhancing its semiconductor investments, focusing on optical communication, 3C precision components, and advanced packaging, with new products achieving significant orders from global leaders [3] Group 3: Future Projections - Revenue projections for the company from 2025 to 2027 are estimated at 6.133 billion yuan, 7.311 billion yuan, and 8.737 billion yuan, with net profits of 533 million yuan, 683 million yuan, and 845 million yuan respectively [4] - The company is assigned a target price of 29.8 yuan based on a 25x PE ratio for 2025, maintaining a "Buy-A" investment rating [4]