Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative performance increase of over 15% against the benchmark index in the next 6 to 12 months [9] Core Views - The company is positioned as a leader in precision injection molding, with a strong focus on high-precision, high-quality, and high-value-added core components. The growth in revenue is supported by the increasing demand for lightweight components in the new energy vehicle sector [6][5] - The company is expanding its capabilities into humanoid robotics and low-altitude economy applications, leveraging its expertise in precision molds and engineering plastics [6] - The financial forecasts indicate robust revenue growth, with expected revenues of 956 million yuan in 2025, representing a year-on-year growth rate of 27% [3][6] Financial Summary - The company achieved a revenue of 3.8 billion yuan in the first half of 2025, reflecting an 11.5% year-on-year increase, while the net profit attributable to the parent company was 0.7 billion yuan, down 8.6% year-on-year [6] - The projected revenues for 2025-2027 are 956 million yuan, 1.237 billion yuan, and 1.619 billion yuan, with corresponding growth rates of 27%, 29%, and 31% respectively [3][6] - The net profit for the same period is expected to be 186 million yuan, 243 million yuan, and 324 million yuan, with growth rates of 31% for each year [3][6] Key Metrics - The company’s earnings per share (EPS) are projected to increase from 0.58 yuan in 2024 to 1.33 yuan in 2027 [3] - The price-to-earnings (P/E) ratio is expected to decrease from 77.4 in 2024 to 33.9 in 2027, indicating improving valuation as earnings grow [3] - The return on equity (ROE) is forecasted to rise from 12.1% in 2024 to 18.2% in 2027, reflecting enhanced profitability [3]