Guoyuan's Research Reports point out that Bozhong Precision (688097.SH) is deeply engaged in Intelligent Manufacturing equipment, highly tied to the supply chain of major clients, and actively expanding in the Semiconductors, Automotive Electronics, New energy Fund, and low-altitude economy industries. In the short term, it will benefit from the AI upgrade trend of Smart Phones, and in the long term, it will benefit from the company's investments in Other businesses. It is expected that from 2024 to 2026, the company’s revenue and net profit attributable to the parent will be 5.11/6.016/7.039 billion yuan and 0.42/0.53/0.64 billion yuan, respectively. The corresponding EPS will be 0.94/1.19/1.43 yuan per share, and based on the latest stock price, the corresponding PE valuations will be 30/24/20 times, and an initial coverage will be given a "Shareholding" rating.