事件点评：股权激励计划发布，彰显公司业绩增长信心

Investment Rating - The report maintains a "Recommended" rating for the company [3]. Core Viewpoints - The company has launched a stock incentive plan, reflecting confidence in its performance growth, with a total of 7.13 million restricted stocks to be granted, accounting for approximately 1.55% of the total share capital [2]. - The company has established a strong traditional business advantage with a diversified portfolio in smartphones, smart connected vehicles, and smart IoT, supported by partnerships with major players like Qualcomm, Intel, and Google [2]. - The trend of AI+ terminals is confirmed, positioning the company to leverage its advantages in software and hardware collaboration, particularly in the context of increasing demand for edge deployment of large models [2]. - The company is actively developing various products, including the "Drip OS" vehicle operating system and the Ecockpit 8.0 smart cockpit platform, which are expected to drive new growth opportunities [2]. - The company forecasts net profits for 2023-2025 to be 801 million, 1.356 billion, and 2.123 billion yuan, respectively, with corresponding P/E ratios of 31X, 19X, and 12X [2][3]. Financial Forecasts - The company's projected revenue for 2023-2025 is 5.99 billion, 7.788 billion, and 10.918 billion yuan, with growth rates of 10%, 30%, and 40.2% respectively [3]. - The net profit attributable to shareholders is expected to grow at rates of 4.2%, 69.3%, and 56.5% for the same period [3]. - The company's earnings per share are projected to be 1.74, 2.95, and 4.61 yuan for 2023, 2024, and 2025 respectively [3].