Core Investment Highlights - Company specializes in precision stamping materials for automotive components, extending its business into high-end manufacturing [2] - As a leading enterprise in the domestic precision stamping materials sector, the company maintains a strong position due to its R&D capabilities and large-scale production [2] - The automotive industry is experiencing a recovery, leading to an increase in both volume and price for the company's traditional business [2] Market Opportunities - The global humanoid robot reducer market is projected to grow to 4.3 billion yuan by 2030, with a CAGR of 97% from 2024 to 2030 [3] - The company has made significant progress in the development of flexible wheel materials for harmonic reducers, with plans to enhance R&D in other key components [3] - A new factory in Anhui is expected to be completed by April 2025, which will focus on high-end manufacturing and is projected to release 40,000 tons of advanced capacity [3] Financial Projections - Revenue forecasts for 2025, 2026, and 2027 are 1.89 billion, 2.38 billion, and 3.00 billion yuan, with growth rates of 24.58%, 28.38%, and 26.32% respectively [4] - Net profit estimates for the same years are 270 million, 330 million, and 460 million yuan, with growth rates of 30.43%, 22.22%, and 39.39% respectively [4] - The company is expected to have significant growth potential, with an initial coverage rating of "buy" [4] Institutional Ratings - In the last 90 days, 8 institutions have rated the stock, with 5 "buy" ratings and 3 "hold" ratings [7] - The average target price from institutions over the past 90 days is 104.58 yuan [7]

| 投资者关系活动类别 | ☐特定对象调研 | ☐分析师会议 | | --- | --- | --- | | | ☐媒体采访 | ☐业绩说明会 | | | ☐新闻发布会 | ☐路演活动 | | | 现场参观 | | | | ☐其他（请文字说明其他活动内容） | | | | 1、华夏基金 | | | | 2、广发基金 | | | | 3、中欧基金 | | | | 4、高竹基金 | | | | 5、睿郡资产 | | | | 6、冲积资产 | | | | 7、东海证券 | | | | 8、德骏达隆 | | | | 9、中信资管 | | | 参与单位名称及人员姓名 | 10、杭州附加值投资管理有限公司 | | | | 11、光大证券 | | | | 12、东北证券 | | | | 13、汐泰投资 | | | | 14、誉辉资本 | | | | 15、西部证券 | | | | 16、无锡华晟乾道投资有限公司 | | | | 17、上海森锦投资管理有限公司 | | | | 18、国信证券 | | | | 19、东方证券 | | | 20、华龙证券 | | --- | | 21、顶天投资 | | 22、江苏花喜鸟投资管理 ...