Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a positive outlook for its stock performance in the near term [8]. Core Insights - The company is entering the artificial intelligence (AI) glasses market through a joint venture, which is expected to enhance its strategic positioning in the AI sector and create a new ecosystem for professional testing and measurement instruments [1]. - The government has incorporated "AI+" into its national strategy, which is anticipated to drive growth in the smart instruments and equipment industry, benefiting companies like the one under review [7]. - The company has been actively expanding its AI product matrix, focusing on sectors such as "AI+Electricity" and "AI+Healthcare," which are expected to enhance its product offerings and market competitiveness [7]. Financial Projections - The company is projected to achieve a net profit of 180.32 million yuan in 2025, with a corresponding price-to-earnings (P/E) ratio of 22.2X based on the closing price as of July 30, 2025 [8]. - Revenue is expected to grow from 807.50 million yuan in 2024 to 1,411.12 million yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 20% [9]. - The net profit attributable to the parent company is forecasted to increase from 138.42 million yuan in 2024 to 288.52 million yuan in 2027, indicating a strong growth trajectory [9].