Core Viewpoint - The company plans to acquire 100% equity of Mia Precision and Changhong Industrial for approximately 9.5 billion RMB, which are leaders in the precision metal structure component industry, with projected revenue of about HKD 9.11 billion in 2024 [1] Group 1: Acquisition Significance - The acquisition is expected to enhance the company's core competitiveness through product complementarity and profit expansion, leveraging the target's leading technology in precision metal components [2] - The acquisition will deepen collaboration with major clients and support the company's zero-sum synergy strategy, enhancing product lines and profitability [2] - Strengthening technical advantages in precision structure components is crucial for the company's vertical integration capabilities, driving innovation in AI smart hardware [2] Group 2: AI Hardware Opportunities - The company is building an AI industry ecosystem, with expectations for increased shipment volumes and optimized product structures, particularly in AI smart glasses and TWS earphones [2] - The company aims to diversify its smart hardware offerings, which will enhance gross margins through a variety of customer and product types [2] - Plans to spin off its subsidiary Goer Micro for a Hong Kong listing will strengthen its position in the microelectronics field, particularly in MEMS microphones and advanced packaging processes [2] Group 3: Profit Forecast and Investment Rating - Without considering the acquisition, the company forecasts net profits of 3.26 billion, 4.12 billion, and 5.04 billion RMB for 2025-2027, with corresponding PE ratios of 26, 20, and 17 times [3] - Successful completion of the acquisition is expected to significantly boost future profits, maintaining a "strong buy" rating [3]