岱美股份：业绩稳健增长，品类持续拓展加速成长

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is experiencing steady revenue and profit growth, driven by the expansion of its product categories and ongoing projects [2][4] - The company has established a global sales and service network, enhancing its customer resources and supporting its international market presence [3] - The company is expanding its interior product categories, increasing the value per vehicle, and capitalizing on the growth opportunities in the new energy vehicle sector [4] Financial Summary - Revenue is projected to grow from 5,861 million yuan in 2023 to 9,960 million yuan in 2026, with year-on-year growth rates of 14%, 19%, 20%, and 19% respectively [1] - Net profit is expected to increase from 654 million yuan in 2023 to 1,226 million yuan in 2026, with year-on-year growth rates of 15%, 29%, 21%, and 20% respectively [1] - Earnings per share are forecasted to rise from 0.40 yuan in 2023 to 0.74 yuan in 2026 [1] - The company maintains a stable return on equity (ROE) of around 16% to 18% over the forecast period [1][5]