Core Viewpoint - Weiteou is a leading domestic electronic assembly materials company with steady growth in revenue and profit [1] Company Overview - The company's core products include microelectronic soldering materials and supporting auxiliary materials, with significant advantages in solder paste and flux, ranking first and second in national sales respectively [1] - Revenue is projected to grow from 467 million yuan in 2018 to 1.212 billion yuan in 2024, with a 6-year CAGR of approximately 17% [1] - Net profit attributable to the parent company is expected to increase from 41 million yuan to 89 million yuan over the same period, with a 6-year CAGR of about 14% [1] Growth Drivers - The steady growth in revenue and profit is primarily due to the company's continuous deepening of cooperation with high-quality clients and the expansion into new fields and clients [1] - The electronic assembly materials business is anticipated to grow rapidly, transitioning from domestic substitution to global expansion [1] - The company is developing a reliable materials product matrix, with potential rapid growth in new energy and data center fire protection materials [1] Investment Rating - The company is expected to benefit significantly from the domestic substitution of microelectronic soldering materials and is actively exploring new materials to create new growth curves [1] - Considering the company's growth potential and safety margin, it has been given an "Accumulate" rating for the first time [1]