Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expectation to outperform the benchmark index by over 20% in the next six months [1][22]. Core Views - The company has shown a revenue growth of 7.64% year-on-year in H1 2025, achieving a total revenue of 2.579 billion yuan. The net profit attributable to shareholders increased by 26.89% year-on-year to 384 million yuan [7]. - The growth is attributed to an increase in business volume and optimization of product structure, with a focus on high-value products and new customer acquisition [7]. - The company is actively expanding into emerging sectors such as AI and robotics, which are expected to create a second growth curve [1][7]. - The forecast for net profit attributable to shareholders for 2025-2027 has been adjusted to 871 million yuan, 1.245 billion yuan, and 1.651 billion yuan respectively, reflecting a strong growth outlook [7]. Financial Summary - Total revenue is projected to grow from 5.022 billion yuan in 2024 to 11.062 billion yuan in 2027, with a compound annual growth rate (CAGR) of 27.6% [2]. - The net profit attributable to shareholders is expected to increase from 675 million yuan in 2024 to 1.651 billion yuan in 2027, with a CAGR of 32.6% [2]. - Earnings per share (EPS) is forecasted to rise from 0.94 yuan in 2024 to 2.29 yuan in 2027 [2]. - The company maintains a healthy financial position with a debt-to-equity ratio of 8.8% in 2024, expected to decrease to 6.8% by 2027 [8].