Group 1 - The Indian airline and government are investigating the aircraft crash, focusing on engine thrust, flaps, and the reason for the landing gear remaining deployed [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company reported a significant increase in total revenue and net profit for 2024, with total revenue reaching 477.7 million yuan, a year-on-year increase of 62.35%, and net profit attributable to shareholders increasing to 45.54 million yuan, up 198.73% from the previous year [1][7] - The growth in performance is attributed to strong demand in the aerospace component sector, with continuous increases in processing orders, and improvements in production capacity and efficiency due to technological upgrades [7] - The company has made significant advancements in manufacturing key aerospace components, enhancing its competitive position in the market [7] - New business initiatives in AI-related services are being actively pursued, contributing to revenue growth [7] Financial Summary - Total assets increased from 868 million yuan in 2023 to 2.174 billion yuan in 2024, a growth of 150.54% [7] - Basic and diluted earnings per share for 2024 are reported at 0.31 yuan, a year-on-year increase of 210% [7] - The company plans to maintain its profit forecasts for 2025 and 2026, with net profits expected to be 135 million yuan and 194 million yuan respectively, and a new forecast for 2027 at 235 million yuan [7][8] - The projected P/E ratios for the upcoming years are 70, 49, and 40 for 2025, 2026, and 2027 respectively [1][8]