Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [12]. Core Insights - The company is positioned in the consumer electronics sector, focusing on automotive and humanoid robot markets to create new growth drivers [5]. - The upcoming launch of Apple's first foldable iPhone is expected to incorporate the company's UTG glass cover products, which are anticipated to gain traction in the market [5]. - The company has established a strong technological foundation in 3D glass, which is expected to be utilized in the iPhone 17 series [8]. - The success of Xiaomi's YU7 electric vehicle indicates a growing market for intelligent automotive glass, which the company is well-prepared to supply [9][10]. - The humanoid robot market is projected to grow significantly, and the company is strategically positioned to capitalize on this trend by developing key components for humanoid robots [11]. Summary by Sections Company Overview - The company recently went public on July 9, 2025, raising a total of HKD 4.768 billion through its IPO [4]. Financial Data - Current stock price is HKD 19.70, with a total market capitalization of HKD 1,033.3 billion and a total share count of 5,245 million [2]. Revenue and Profit Forecast - Revenue projections for 2025, 2026, and 2027 are HKD 907.89 billion, HKD 1,443.36 billion, and HKD 1,863.67 billion respectively, with corresponding EPS of HKD 0.99, HKD 1.58, and HKD 2.07 [12][15]. - The company is expected to benefit from the ongoing iteration of consumer electronics products, particularly in the smartphone and PC segments [12]. Market Trends - The global foldable smartphone market is expected to reach 100 million units by 2027, with a CAGR of 50.6% from 2022 to 2027 [5]. - The 3D glass back cover market for smartphones is projected to grow from USD 542 million in 2024 to USD 673 million by 2031, with a CAGR of 3.2% [8]. - The humanoid robot market is anticipated to reach USD 12.9 billion by 2029, growing at a CAGR of 54.4% from 2025 to 2029 [11].