Investment Rating - The investment rating for the company is "Accumulate" [2][3] Core Views - The company is positioned as an industry leader with significant advantages, particularly in the content sector, and is expected to benefit from the new management team [3] - The recovery of the domestic film market is promising, with strong performance during the summer and New Year holiday seasons validating market demand [3] - The company is increasing its focus on a light-asset model to reduce operational costs while enhancing its competitive efficiency in the exhibition sector [3] Financial Performance Summary - The company forecasts a net profit attributable to shareholders for 2023 between 900 million and 1.2 billion yuan, with a significant recovery from previous losses [2] - The estimated earnings per share (EPS) for 2023, 2024, and 2025 are projected to be 0.49 yuan, 0.64 yuan, and 0.72 yuan respectively, with corresponding price-to-earnings (PE) ratios of 20.49, 15.56, and 13.93 [3][4] - Revenue is expected to grow from 9.695 billion yuan in 2022 to 14.595 billion yuan in 2023, reflecting a growth rate of 50.54% [4][7] Market Position and Share - The company's market share in the domestic cinema sector is reported at 16.82% for 2023, showing a slight decline compared to the previous year but an increase of 3.09 percentage points compared to 2019 [2][3] - The company has expanded its cinema operations, with a total of 905 cinemas and 7,546 screens as of the end of 2023, indicating a growth in both direct and light-asset cinema formats [3][4] Management Changes - The company has appointed a new chairperson and CEO, Chen Xi, who is expected to bring more flexibility and enhance collaboration with Ru Yi Film [3]

通信设备 分析师：唐俊男 800G 光模块出货比重显著增加，业绩持 登记编码：S0730519050003 续高速增长 tangjn@ccnew.com 021-50586738 研究助理：李璐毅 l ily2@ccnew.com 021-50586278 ——中际旭创(300308)公司点评报告 证券研究报告-公司点评报告 买入(维持) 市场数据(2024-01-31) 发布日期：2024年02月01日 收盘价(元) 102.80 事件：公司发布 2023年业绩预告，预计 2023年归母净利润为 20-23 一年内最高/最低(元) 170.00/30.35 亿元，同比增长 63.40%-87.91%；扣非归母净利润为 19-23亿元，同 沪深300指数 3,215.35 比增长83.15%-121.70%。 市净率(倍) 6.08 点评： 流通市值(亿元) 771.21 基础数据(2023-09-30) ⚫ 光模块头部企业，800G 等高端产品需求快速增长带动公司盈利能 每股净资产(元) 16.90 力稳步提升。公司主营业务为高端光通信收发模块以及光器件的 每股经营现金流(元) 1.80 研发、生产及销售， ...

新能源动力系统 分析师：牟国洪 登记编码：S0730513030002 业绩略超预期，长期关注动力储能龙头 m ough@ccnew.com 021-50586980 ——宁德时代(300750)公司点评报告 证券研究报告-公司点评报告 增持(维持) 市场数据(2024-01-31) 发布日期：2024年02月01日 收盘价(元) 151.59 事件：1月30日，公司公布2023年年度业绩预告。 一年内最高/最低(元) 466.10/140.75 投资要点： 沪深300指数 3,215.35 市净率(倍) 3.70  公司第四季度业绩略超预期。公司公布 2023 年年度业绩预告：公 流通市值(亿元) 5,904.21 司预计 2023 年度归母净利润为 425-455 亿元，同比增长 38.31-48.07%；扣非后净利润为 385-415 亿元，同比增长 基础数据(2023-09-30) 36.46-47.09%。经测算：公司第四季度归母净利润区间为 每股净资产(元) 40.96 113.55-143.55亿元，同比变动区间为-13.57%到9.26%；环比2023 每股经营现金流(元) 11.97 年第 ...