Investment Rating - The report assigns a "Buy" rating for the company, Rongtai Co., Ltd. (605133) [4][8]. Core Insights - The company is a leader in automotive aluminum alloy die-casting and is expanding into the robotics sector, focusing on lightweight components for new energy vehicles [2][3][16]. - The company has established a joint venture with Runfu Power to develop planetary roller screws and ball screws for humanoid robots and automotive chassis [2][60]. - The aluminum usage in new energy vehicles is projected to grow significantly, with a CAGR of over 300% from 2025 to 2030, indicating a strong market opportunity for the company [3][24]. Summary by Sections Company Overview - Rongtai Co., Ltd. has been deeply involved in aluminum alloy die-casting for over 20 years, with a focus on automotive steering systems and new energy components [16][20]. - The company has established partnerships with leading Tier 1 automotive suppliers such as Bosch and ZF [7][20]. Robotics Business - The company is diversifying into robotics by establishing a joint venture with Runfu Power, focusing on the production of screws for robots and automotive applications [2][60]. - The acquisition of a 51% stake in Aoduo Electronics enhances the company's capabilities in electromechanical integration [2][60]. Main Business - The company is expanding its production capacity for aluminum alloy components, with significant investments planned for new energy projects [3][4]. - Revenue is expected to grow from 235.2 billion yuan in 2024 to 419.5 billion yuan by 2027, with a projected CAGR of 22.9% [4][10]. Financial Forecast and Valuation - The company is projected to achieve a net profit of 2.3 billion yuan in 2025, increasing to 4.3 billion yuan by 2027, reflecting a strong growth trajectory [4][10]. - The report anticipates a sales gross margin of 24% and a net margin of 7.8% in 2024 [7][10].