Maxic Technology(688458) 中邮证券·2024-04-30 04:30Investment Rating - The report maintains a "Buy" rating for the company [21][27]. Core Views - The company achieved a revenue of 472 million yuan in 2023, representing a year-on-year growth of 7.06%. The wireless charging product line contributed 201 million yuan, with a significant growth of 64.06% [21]. - The company is experiencing a breakthrough in mass production of its optical sensing product series, which is expected to drive high growth in the next 2-3 years [21]. - The wireless charging business is expanding, with a revenue share of 42.52% in 2023, and is anticipated to continue supporting the company's performance growth in 2024 [21]. Financial Summary - Revenue projections for 2024-2026 are 600 million yuan, 949 million yuan, and 1.388 billion yuan, respectively, with growth rates of 26.97%, 58.33%, and 46.16% [8][22]. - The company's net profit attributable to the parent company is expected to reach 47.56 million yuan in 2024, 120.73 million yuan in 2025, and 206.48 million yuan in 2026, with growth rates of 57.74%, 153.82%, and 71.03% respectively [8][22]. - The earnings per share (EPS) is projected to be 0.59 yuan in 2024, 1.51 yuan in 2025, and 2.58 yuan in 2026 [8][22]. Market Performance - The latest closing price of the company's stock is 43.45 yuan, with a total market capitalization of 3.5 billion yuan and a circulating market value of 800 million yuan [20]. - The company has a price-to-earnings (P/E) ratio of 49.59 and a price-to-book (P/B) ratio of 1.67 [20].