Shanxi Securities research report points out that Lontium's Q4 performance growth rate accelerated year-on-year, with a performance increase of about 50% after excluding share-based payments. In 2024, the company will continue to expand its domestic and international markets, with a significant increase in order volume, focusing on ultra-high-definition display and automotive electronics, and continuously increasing R&D investment and new product layout. The company is deeply engaged in the fields of high-definition video bridging chips and high-speed signal transmission chips, concentrating R&D resources around automotive electronics and high-performance computing, and continuously enriching its product matrix. The company's product structure is rich, performance is stable, and reliability is strong, fully supporting various signal protocols, and has successfully entered the supply chains of many well-known domestic and international enterprises. In the future, the gradual release of new products in the fields of high-definition display and automotive electronics will continue to drive rapid revenue growth. Maintain a "Buy-A" rating