Glonghui, November 24 | According to the Open Source Securities Research Report, Carlette (301391.SZ) is a supplier of core components and equipment in the field of video image display. It is based on LED display control systems, and is gradually expanding into video processing and playback fields. It is expected to benefit from the growth opportunities brought by small-pitch displays and increased penetration of 4K/8K ultra-high-definition video; at the same time, the company is accelerating overseas market expansion, and performance is worth looking forward to. The company's equity incentive performance target is based on 2022, and the growth rate of operating income or net profit from 2023-2025 is not less than 50%/125%/238%, respectively, demonstrating confidence in long-term development. First coverage, giving a “buy” rating.