On November 8, Guosen Securities' research report pointed out that the acquisition of LEONI accelerated its position as a top TIER1 in the automotive industry. With robust internal and external growth, Luxshare Precision Industry (002475.SZ) achieved stable growth in the third quarter of 2024. The company has comprehensively and deeply laid out its consumer electronics business, automotive interconnection business, and communication interconnection business. It has achieved precise positioning in AI computing power and the automotive intelligence wave. The long-term outlook for the company is bullish, with maintained profit forecasts. The company's estimated net income attributable to shareholders for 2024-2026 is 13.3/17.2/20.5 billion yuan, with year-on-year growth rates of 21/30/20%. The current stock price corresponds to PE ratios of 23/18/15x, maintaining an "outperform the market" rating.