Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [4][17]. Core Insights - The company achieved steady revenue growth in H1 2025, with a revenue of 1.945 billion yuan, representing a year-on-year increase of 19.57%. The net profit attributable to the parent company was 99.166 million yuan, up 31.83% year-on-year [2][3]. - The company is actively enhancing its product development and market competitiveness through continuous R&D investments, which amounted to 59.486 million yuan in H1 2025, a 10.70% increase year-on-year [3]. - The company is benefiting from expanding demand in various downstream applications within the cable industry, with notable growth in sectors such as new energy cables and automotive cables, which saw revenue increases of 81.23% and 83.54% respectively [2][3]. Financial Summary - The company's projected financial performance shows a steady increase in revenue and net profit from 2023 to 2027, with revenues expected to grow from 3.186 billion yuan in 2023 to 5.647 billion yuan in 2027, reflecting a compound annual growth rate (CAGR) of 19.5% [1][9]. - The net profit attributable to the parent company is forecasted to rise from 144 million yuan in 2023 to 276 million yuan in 2027, with an expected EPS increase from 0.45 yuan to 0.85 yuan over the same period [1][9]. - The company's return on equity (ROE) is projected to improve from 10.8% in 2023 to 14.6% in 2027, indicating enhanced profitability and efficiency [1][9].