Gelonghui, December 18 | According to a Research Report from Kaiyuan Securities, Deyue Co., Ltd. (605117.SH) is investing in the Malaysian production capacity base, marking the first step for production to go overseas. The establishment of an overseas capacity base is a necessary choice for the company to respond to the current complex international situation and potential changes in the trade environment. By laying out the Malaysian overseas capacity base, the company can respond more flexibly to the adverse effects of changes in overseas trade policies on its operations and enhance its risk resistance capabilities. The previous profit forecasts for the company for 2024-2026 are maintained, with an expected net income attributable to shareholders of 3.192/4.106/5.392 billion yuan for 2024-2026, and EPS of 4.95/6.36/8.36 yuan, corresponding to the current stock price PE of 17.4/13.5/10.3 times, maintaining a 'Buy' rating.