Gelonghui, May 24 | According to a recent research report by Zhongtai Securities, the consumer electronics market grew steadily, and automotive electronics and communications contributed to new growth. In 2023, Lixun Precision (002475.SZ) achieved net profit of 10.953 billion yuan, and the 2017-23 CAGR reached 36.5%. The 2024 interim reporting guidelines strengthen the certainty of annual growth. 24Q2 is expected to achieve net profit of 2.76 billion yuan to 2.97 billion yuan, with a median value of 2.86 billion yuan, yoy +22.5%. The company's valuation is lower than the industry average, and considering the high certainty of the company's major customer business growth and the potential business opportunities brought by AI in the big customer layout, the communications & automotive business is also expected to continue to grow, maintaining a “buy” investment rating.
研报掘金丨中泰证券：立讯精密通讯&汽车业务有望持续增长，维持“买入”评级
Research Report | Zhongtai Securities: Lixun Precision Communications & Auto Business Is Expected to Continue to Grow, Maintaining a “Buy” Rating
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