Gelonghui, January 11 | Guotai Junan released a report, first giving Ruisheng Technology a “buy” rating, with a target price of HK$25.74. Earnings per share are expected to be $0.453, $1.104, and $1.571 respectively over the three-year period from 2023 to 2025. Considering the peer valuation level, the projected price-earnings ratio for 2025 is 15 times. According to the bank, Ruisheng's acquisition of PSS, a leading automotive acoustics company, will bring new growth impetus. The market's requirements for automotive acoustic functions are more diversified, driving up sales and prices of related products. Ruisheng's acquisition reflects the company's successful implementation of multiple strategies, which helps enhance its leading position in the market and trigger a new growth trend. Combining Ruisheng's own production line and R&D advantages, the acquisition will bring greater synergy benefits. It is believed that the performance will exceed expectations in terms of customer growth and order size.