Giantec Semiconductor(688123) 中邮证券·2025-02-24 10:40Investment Rating - The report maintains a "Buy" rating for the company [2][7] Core Insights - The company is expected to achieve a revenue of 1.028 billion yuan in 2024, representing a year-on-year growth of 46.10%, and a net profit attributable to shareholders of 290 million yuan, reflecting a significant increase of 188.52% [5][6] - The demand recovery in the market has led to rapid growth in industrial-grade EEPROM and voice coil motor driver chips, with the company enhancing its product lines and marketing efforts [6] - High-value-added product shipments are increasing, improving the sales structure and enhancing profitability [6] Financial Performance Summary - The company forecasts revenues of 1.028 billion yuan for 2024, with projected revenues of 1.416 billion yuan and 1.858 billion yuan for 2025 and 2026, respectively [9] - The expected net profit for 2024 is 290 million yuan, with projections of 409 million yuan and 550 million yuan for 2025 and 2026 [9] - The company's PE ratios for 2024, 2025, and 2026 are projected to be 41, 29, and 22 times, respectively [7][9]