Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 18.1 yuan for the next six months, indicating an expected price increase of over 15% compared to the market benchmark [5]. Core Insights - The company reported a revenue of 5.918 billion yuan for 2024, representing a year-on-year growth of 28.22%. However, the net profit attributable to the parent company significantly declined by 91.32% to 21 million yuan [1][4]. - The company is expanding into the robotics sector by establishing a joint venture focused on developing motors for humanoid robots and low-altitude flying vehicles, leveraging its existing technology and customer base [3]. - The gross profit margin for 2024 was 8.49%, down 5.31 percentage points year-on-year, primarily due to intense competition in the automotive parts market, which has squeezed profit margins [2]. Financial Summary - Revenue for 2024 was 5,918 million yuan, with a projected increase to 7,770 million yuan in 2025, reflecting a growth rate of 31.29% [4]. - The net profit is expected to rebound significantly in the coming years, with forecasts of 185 million yuan in 2025, 320 million yuan in 2026, and 619 million yuan in 2027, indicating a recovery from the current low levels [4][11]. - The company’s earnings per share (EPS) is projected to improve from 0.05 yuan in 2024 to 1.52 yuan by 2027, showcasing a strong growth trajectory [4][11].