Investment Rating - The report assigns a "Hold" rating for the company, marking its first coverage [6]. Core Insights - The company is a leading player in the MEMS inertial sensor market, benefiting from a fully controlled technology chain and high gross margins, with a projected revenue of 4.05 billion yuan and a net profit of 2.22 billion yuan in 2024 [1][4]. - The company has established a strong market presence, achieving a 23.45% market share in domestic MEMS gyroscopes by 2022, up approximately 14 percentage points from 2019 [2]. - The IMU segment is expected to grow rapidly, with a CAGR of 175.8% from 2021 to 2024, driven by demand from low-altitude economy, advanced driving, and humanoid robots [3]. Summary by Sections Company Overview - The company, founded in 2012, has achieved full control over the technology chain from chip design to packaging and testing, with its third-generation MEMS gyroscope reaching international advanced levels [1][14]. - The leadership team has extensive experience in the semiconductor field, contributing to the company's technological advancements [16][18]. Core Product Layout - The company's core products, MEMS gyroscopes and accelerometers, have high technical barriers and are applicable in high-end industrial and unmanned systems [2]. - The company is gradually replacing imports in the MEMS inertial sensor market, with a focus on high-performance products [2][4]. IMU Growth Drivers - The IMU, which integrates gyroscopes and accelerometers, is positioned to benefit from emerging markets such as low-altitude economy and smart driving [3]. - The company is actively developing automotive-grade IMUs to meet the growing demand for high-precision positioning systems [3]. Financial Forecast and Investment Recommendations - The company is expected to achieve revenues of 6.19 billion yuan, 8.60 billion yuan, and 11.84 billion yuan from 2025 to 2027, with corresponding net profits of 3.39 billion yuan, 4.59 billion yuan, and 6.04 billion yuan [4][5]. - The projected EPS for 2025, 2026, and 2027 is 0.85 yuan, 1.14 yuan, and 1.51 yuan per share, respectively, with a PE ratio of 77X for 2025 [4][5].

以下文章来源于硬氪 ，作者胡依婷 目前绝压、高温压力芯片已进入量产阶段， 差压芯片将从今年2月份开始稳定出货。 硬氪 . 专注全球化、硬科技报道。36kr旗下官方账号。 2024年，迷思科技已累计对接客户超30家，涵盖消费、医疗、汽车、工业、军工等领域的国内知名企业。 文 ｜ 胡依婷 编辑 ｜ 袁斯来 来源｜ 硬氪（ID：south_36kr） 封面来源 ｜ 企业供图 硬氪长期关注的MEMS传感器厂商"迷思科技"近日完成数千万元A轮融资，本轮融资由上海科创领投，浦东创投跟投，芯湃资本 担任本轮财务顾问。融资资金将主要用于产品研发和市场拓展。 在工业领域，传感器被比作精密的神经元，感知着工业设备的细微变化。 为顺应更高需求，(Micro-Electro-Mechanical Systems) MEMS传感器逐渐取代传统传感器。MEMS传感器是一种集成了微型机 械、电路、传感器及控制器的复杂系统,具有体积小、精度高、功耗低和成本低等优点,应用场景更为广泛。国内已有不少厂商投 入其中。 迷思科技成立于2020年，从事MEMS传感器芯片设计、模块封装与销售，为工业、民用、医疗等领域提供系列MEMS传感芯片/模 块。公 ...