Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [1]. Core Insights - The company has shown strong growth in its main business segments, particularly in automotive electronics and industrial control, with significant revenue increases driven by rising order volumes and enhanced delivery capabilities [7]. - The electronic manufacturing services industry is experiencing rapid growth, particularly in the demand for medium to large batch PCBA, which is expected to continue stimulating market development [7]. - The company is actively expanding its production capacity to capture market opportunities, with new facilities expected to come online ahead of schedule to meet demand [7]. - Earnings forecasts for 2025-2027 project revenues of 5.15 billion, 6.03 billion, and 7.07 billion yuan, with corresponding net profits of 630 million, 820 million, and 1.07 billion yuan, respectively [7]. Financial Summary - For 2023, total revenue is projected at 353.68 million yuan, with a year-on-year growth of 49.38%. By 2025, revenue is expected to reach 515.35 million yuan, reflecting a growth rate of 36.76% [1]. - The net profit attributable to shareholders is forecasted to be 43.06 million yuan in 2023, increasing to 63.03 million yuan by 2025, representing a growth of 30.59% [1]. - The earnings per share (EPS) is expected to rise from 0.54 yuan in 2023 to 0.79 yuan in 2025, with a projected price-to-earnings (P/E) ratio of 34.56 at the end of 2025 [1].