China Merchants' Research Reports point out that Willfar Information Technology (688100.SH) adopts the development strategy of "Internet of Things World, Connecting the Future with Chips," focusing on digital grids and Smart City, possessing the capability of comprehensive solutions for all levels of Energy Internet of Things. Against the backdrop of accelerating transformation of new energy systems, the issuance of top-level planning for the digital economy, and the advancement of Smart City construction, the company's domestic Business is expected to continue expanding. Furthermore, the company actively seizes overseas development opportunities, gradually extending coverage to blue ocean markets such as the Arab region, with overseas market revenue likely to sustain rapid growth. The investment rating remains "Strongly Recommended."