Core Insights - The 2025 COMPUTEX will take place on May 20, featuring keynote speeches from industry leaders such as NVIDIA's CEO Jensen Huang and Hon Hai's Chairman Liu Yangwei, focusing on the latest trends in the technology industry and talent [1] - According to the 104 Job Bank's "2025 Technology Industry Talent Report," the median annual salary for analog IC design engineers is NT$1.55 million, the highest among technology professionals, with semiconductor salaries being 15-30% higher than other tech sectors [1] - The report indicates that software engineers have the most job openings in the tech industry, with a significant demand for various engineering roles [1] Salary Insights - The median annual salary for non-managerial positions in 2024 ranks the top five high-paying roles as follows: Analog IC Design Engineer NT$1.55 million, Digital IC Design Engineer NT$1.34 million, Micro-Electro-Mechanical Systems Engineer NT$1.084 million, Semiconductor Engineer NT$1.081 million, and Firmware Engineer NT$1.077 million [1] - The theme of COMPUTEX is "AI Next," highlighting the ongoing impact of AI on the industry, with median salaries for algorithm development engineers at NT$1.0765 million and data scientists at NT$1.01 million, both ranking in the top ten highest salaries [2] - The top ten AI job roles with the highest salary growth include Digital IC Design Engineer with a 32% salary increase, Analog IC Design Engineer with a 27% increase, Algorithm Development Engineer with a 17% increase, and Software Engineer with a 15% increase [2] Talent Demand Insights - An overview of six major technology sectors reveals the largest talent gaps and job opportunities in the following roles: Software/Engineering, Engineering/R&D, Sales, Operations/Technical, Process Planning, Quality Assurance/Control, Maintenance/Technical Services, Project/Product Management, MIS/Network Management, and Retail Sales [2] - The three roles with the largest talent shortages across the six technology sectors are Software/Engineering, Engineering R&D, and Sales, with semiconductor salaries being the most competitive [2] - The median annual salary for Software/Engineering roles can reach NT$1.11 million, which is 15-30% higher than other tech sectors, while Engineering R&D roles have a median salary of NT$1 million, 2-24% higher than other tech sectors [2]

Investment Rating - The report maintains a "Buy-A" rating for the company, indicating a positive outlook for the stock's performance relative to the benchmark index [1][7]. Core Insights - The company is expected to experience a significant performance turnaround in Q1 2025 as adverse factors dissipate, leading to rapid growth in revenue and net profit [1][3]. - In 2024, the company achieved a revenue of 534 million yuan, a year-on-year increase of 9.77%, but the net profit decreased by 34.44% to 85 million yuan. However, Q1 2025 showed a strong recovery with a revenue of 145 million yuan, up 44.61%, and a net profit of 25.5 million yuan, up 39.99% [3][4]. Financial Performance Summary - For 2024, the company reported a revenue of 534 million yuan, with a slight increase in sales but a significant drop in net profit due to various adverse factors. The revenue from industrial control connectors, automotive connectors, and new energy connectors was 258 million yuan, 139 million yuan, and 131 million yuan respectively, with year-on-year changes of -3.51%, +15.71%, and +39.67% [3][4]. - The gross profit margin and net profit margin for 2024 were 41.06% and 16.57%, respectively, both showing a decline compared to the previous year. In Q1 2025, these margins improved to 40.17% and 18.62% [4][5]. - The company is projected to achieve revenues of 653 million yuan, 797 million yuan, and 963 million yuan for 2025, 2026, and 2027, respectively, with corresponding net profits of 123 million yuan, 145 million yuan, and 178 million yuan [7][9]. Production and Capacity Expansion - The company is actively advancing its production base construction projects, including the completion of the "South China Headquarters Intelligent Manufacturing Center" and "South China Headquarters R&D Center." The production capacity for precision connectors is expected to expand significantly, enhancing the company's ability to respond to market demand [5][6].