On October 12th, haitong sec recently pointed out in research reports that Honghua Technology (688789.SH) recently signed a tripartite strategic agreement with Zhouji Digital and Dongshen Industry to promote the digitalization and intelligence development of the home textile industry. According to the agreement, the three parties will focus on innovative applications of digital printing technology, Honghua Technology's latest generation Singlepass technology, and the digitalization upgrade of the home textile industry, strengthen cooperation and coordinated development, give full play to their respective advantages in resources, technology, and innovation, further enhance the role of digital printing in the transformation and upgrading of the home textile industry. The company operates in the digital printing field, being the only digital printing equipment company among listed companies, with a relatively complete industry chain covering equipment, consumables (ink), and textiles (applications). Considering that the company's industry is in the early stage, with a fast growth rate in performance and good sustainability in future development, it is suitable for PEG valuation method. The reasonable price range is 84.11-87.62 yuan/share (estimated EPS of the company in 2024 is 2.36 yuan), with an "outperform the market" rating.