On December 24, Gelonghui reported that Tianfeng's Research Reports indicated that Shenzhen Mtc (002429.SZ) has a robust growth in its television ODM business overseas. The upgrade of the chip product structure has gradually established its subsidiary, Shenzhen Mtc Semiconductors, in the industry as a leader in both scale and value. The packaging sector focuses on cost reduction technologies in the backlighting field, leading to new growth. The expansion of the COB product pitch range assists in the expansion of application areas. As the company further extends into the optical communication field, Shenzhen Mtc is gradually transforming from a terminal manufacturing company into a technology-based group enterprise. Net income for the parent company is expected to be 1.85/2.33/2.69 billion yuan for the years 2024-2026 (maintaining previous values), corresponding to 14.2x/11.2x/9.7x, and maintaining a 'Buy' rating.