Gelonghui, December 13 | GTJA Research Reports pointed out that Xinxiangwei (688593.SH) specializes in display driver chips and is expected to have EPS of 0.09, 0.34, and 0.46 yuan for the years 2024, 2025, and 2026 respectively. Referencing comparable companies' PE, considering the company's efforts to complete the Electronic Control "chip-screen" industry ecosystem and accelerate the internal circulation of the Electronic Control industry ecosystem, a 94 times PE is given for 2025, maintaining a "Shareholding" rating and raising the Target Price to 32 yuan. Currently, the company's integrated AMOLED DDIC has already achieved mass sales. The company has developed into one of the few in mainland China that can provide both separated and integrated TFT-LCD and integrated AMOLED display driver solutions.
研报掘金丨国泰君安：维持新相微“增持”评级，上调目标价至32元
Research Reports digging gold丨GTJA: Maintain the 'Shareholding' rating for New Xiangwei, and raise the Target Price to 32 yuan.
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