业绩释放关键之年，业务扩张着眼长远发展

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on expected stock performance exceeding 20% relative to the benchmark index [2][15]. Core Insights - The company is positioned for significant growth in 2023, with a focus on business expansion and product diversification across various sectors, including automotive components and electronics [3][39]. - The company reported a revenue of 1.519 billion yuan in 2023, reflecting a year-on-year increase of 35.38%, and a net profit of 91.18 million yuan, up 99.32% year-on-year [14][15]. - The company anticipates continued growth in 2024, with projected revenues of 2.697 billion yuan and net profits of 196.41 million yuan, driven by new projects and increased production capacity [15][16]. Financial Summary - The company achieved a revenue of 1.519 billion yuan in 2023, with a projected growth rate of 77.6% for 2024 [16][17]. - The net profit for 2023 was 91.18 million yuan, with an expected increase to 196.41 million yuan in 2024, indicating a growth rate of 115.41% [16][17]. - The earnings per share (EPS) for 2023 was 1.14 yuan, projected to rise to 2.46 yuan in 2024, reflecting a significant improvement in profitability [15][17]. Business Development - The company is expanding its product offerings in the automotive sector, focusing on lightweight and automated components, which are expected to enhance its competitive edge [3][39]. - A new fundraising initiative aims to raise up to 381 million yuan to support the production of advanced automotive seating components and plastic parts, enhancing the company's operational capabilities [14][15]. - The company has established partnerships with major automotive manufacturers, which may facilitate entry into international supply chains and foster long-term growth [3][14].