Investment Rating - The report maintains a "Buy" rating for the company [6] Core Insights - The company achieved a revenue of 1.13 billion yuan in 2024, representing a year-over-year increase of 23.72%, with a net profit of 253 million yuan, up 68.4% year-over-year [4] - The automotive CIS segment is identified as a key growth driver, with significant increases in chip packaging and testing revenue, which reached 817 million yuan in 2024, a 33.55% increase year-over-year [8] - The company is actively expanding its optical device business and investing in overseas manufacturing bases to enhance its global presence and meet international customer demands [8] Financial Summary - The company forecasts total revenue of 1.56 billion yuan for 2025, with a year-over-year growth rate of 38.2% [7] - The projected net profit for 2025 is 399 million yuan, reflecting a year-over-year increase of 57.7% [7] - The gross margin is expected to improve to 45.4% in 2025, up from 43.3% in 2024 [7]