Investment Rating - The report initiates coverage with a "Buy" rating for the company [5]. Core Insights - The company is a leading player in the domestic nano-coating industry, focusing on customized nano-film products and equipment, achieving breakthroughs across multiple fields [1][3]. - The demand for nano-films is expected to grow significantly, driven by innovations in various industries, including consumer electronics, automotive, and healthcare [2][28]. - The company has established a strong market presence by becoming a core supplier for major global clients, including Apple and Xiaomi, and has successfully penetrated both domestic and international markets [11][19]. Summary by Sections 1. Company Overview - Founded in August 2016, the company has developed into a global leader in the nano-coating field, focusing on high-performance, multifunctional nano-films and related services [10][14]. - The company has achieved significant recognition from major clients, having provided nano-coating protection for over 1 billion mobile devices and 700 million earphones [11][19]. 2. Industry Trends - The global nano-film market was valued at approximately $14.18 billion in 2023 and is projected to exceed $66.35 billion by the end of 2032, with a CAGR of 18.7% from 2023 to 2032 [2][45]. - The rise of the Internet of Things (IoT) is expanding the application scenarios for nano-films across various electronic products [42][45]. 3. Technological Capabilities - The company has developed a comprehensive set of core technologies in nano-coating, including equipment manufacturing, material formulation, and customized services, successfully breaking foreign technology monopolies [3][57]. - The company’s proprietary nano-coating equipment has achieved mass production and is designed to meet diverse customer needs, enhancing production efficiency and product quality [57][58]. 4. Financial Projections - The company is expected to see revenue growth from 4.79 billion yuan in 2024 to 11.96 billion yuan by 2027, with net profit projected to increase from 0.45 billion yuan to 2.23 billion yuan during the same period [4][19]. - The earnings per share (EPS) is forecasted to rise from 0.23 yuan in 2025 to 0.66 yuan in 2027, reflecting a positive outlook for the company's financial performance [4][19].

Core Viewpoint - The article highlights the appointment of Zhang Qiao as the youngest president of Suzhou University since its renaming in 1982, emphasizing his academic and administrative background in materials science and technology [1]. Background of Zhang Qiao - Zhang Qiao, born in June 1982, graduated with a bachelor's degree from the University of Science and Technology of China in 2004, followed by a master's degree in 2007 and a Ph.D. from the University of California, Riverside in 2012 [2]. - He has held various positions at Suzhou University, including professor and vice dean, and has served in local government roles such as deputy mayor of Kunshan and Suzhou, and deputy director of the Jiangsu Provincial Department of Science and Technology [2]. Research Contributions - Zhang Qiao's research focuses on physical chemistry, materials science, catalysis, and nanomaterials, with over 200 published papers and a total citation count of 29,242, achieving an H-index of 87 [3][4]. - His notable works include a review on oriented attachment growth and functional materials synthesis, which has been cited 693 times [6]. - A significant paper during his doctoral studies demonstrated that H₂O₂ is a key reagent in the synthesis of silver nanoplates, challenging previous beliefs and garnering 933 citations [9]. Independent Research Phase - After establishing an independent lab at Suzhou University in 2014, Zhang published a paper on the one-pot synthesis of highly stable CsPbBr₃@SiO₂ core-shell nanoparticles, contributing to the field of nanomaterials [12][14]. - His most cited work, published in 2016, reviews the synthesis, properties, and applications of hollow micro/nanostructures, with 1,426 citations, discussing various synthesis strategies and applications across multiple fields [14].