Investment Rating - The report maintains a "Strong Buy" investment rating for the company, indicating a strong expectation for stock price appreciation exceeding the benchmark index by over 20% [2][3]. Core Insights - The demand for MPO (Multi-fiber Push On) products is experiencing high growth driven by AI computing infrastructure, with a trend towards higher fiber counts and density in products. The company is actively developing products with fiber counts exceeding 1000 cores for high-end applications [1]. - The company is positioned well within the Lixun system, with significant growth potential in data communication, AI servers, and automotive cable sectors, particularly following the successful acquisition of Leoni cable business [2]. - The company has a robust global production capacity, with facilities in key regions including the Yangtze River Delta, Pearl River Delta, and overseas locations in Vietnam and Mexico, supporting future expansion and customer acquisition [7]. Financial Summary - The company forecasts total revenue of HKD 10.172 billion, HKD 12.937 billion, and HKD 16.604 billion for the years 2025, 2026, and 2027 respectively, with corresponding net profits of HKD 714 million, HKD 1.208 billion, and HKD 1.701 billion [8][20]. - The report projects a significant increase in profitability, with net profit growth rates of 58%, 69%, and 41% for the years 2025, 2026, and 2027 respectively [21]. - The company’s PE ratios are expected to decrease from 43.3 in 2025 to 18.2 by 2027, indicating improving valuation metrics as earnings grow [21].