Caitong's Research Reports pointed out that Hangzhou Great Star Industrial (002444.SZ) expects a Net income of 2.28-2.54 billion yuan for 2024, with annual performance exceeding expectations, and a calculated single Q4 Net income of approximately 0.35-0.6 billion yuan, representing a year-on-year growth of 88%-225%, significantly higher than the growth rate of the first three quarters. As a leading exporter of hand tools, the company is expected to continue benefiting from the recovery rhythm of the USA real estate chain. Considering the company's performance exceeds expectations, there is upward adjustment space for 2025. It is estimated that the company's revenues for 2024-2026 will be 14.97/18.56/21.64 billion yuan, and Net income will be 2.36/2.88/3.56 billion yuan, with current corresponding PEs of 15/12/10x, continuously recommended, waiting for the valuation switch.