Investment Rating - The report maintains a "Buy" rating for the industry, indicating a positive outlook for investment opportunities [3]. Core Insights - The industry is expected to experience significant growth driven by deepening chip layouts, which will open up high growth potential for performance [1]. - The projected revenue for 2024 is 1,592 million, with a decline to 1,327 million in 2025, followed by a recovery to 1,738 million in 2026 and reaching 2,380 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 36.94% from 2025 to 2027 [2][7]. - The report highlights a strong commitment to performance, with expected EPS growth from 0.07 in 2025 to 0.35 in 2027, indicating a robust recovery and profitability trajectory [6][7]. Financial Projections - Revenue projections show a decline of 16.61% in 2025, followed by a rebound of 30.93% in 2026 and 36.94% in 2027 [2][7]. - EBITDA is expected to grow from 100 million in 2025 to 325 million in 2027, showcasing improved operational efficiency [7]. - The report anticipates a significant increase in net profit margin from 3.9% in 2025 to 12.3% in 2027, reflecting enhanced profitability [7]. Market Performance - The industry is projected to outperform the Shanghai and Shenzhen 300 index, with a relative performance graph indicating a positive trend [4][5]. - The report emphasizes the importance of strategic acquisitions and collaborations within the industry to enhance competitive positioning and market share [6]. Analyst Commentary - Analysts express confidence in the industry's growth potential, citing strong R&D capabilities and synergies with core business operations as key drivers for future success [6][9].