SHENGYI ELECTRONICS CO.(SH:688183) East Money Securities·2024-06-17 10:00Investment Rating - The report assigns a "Buy" rating to the company, indicating a positive outlook for its stock performance relative to the market index [16]. Core Views - The company is actively expanding its product offerings in various fields, including AI servers, telecommunications, and automotive electronics, which are expected to enhance its profitability [1]. - The company has announced a stock incentive plan, reflecting confidence in its future performance, with revenue targets set for 2024, 2025, and 2026 [2][15]. - The company is projected to experience significant revenue growth in the coming years, with expected revenues of 40.93 billion, 51.79 billion, and 61.16 billion yuan for 2024, 2025, and 2026 respectively [14]. Summary by Sections Company Overview - The company has a total market capitalization of 17,451.61 million yuan and a circulating market capitalization of 6,468.95 million yuan [12]. - The stock has seen a 52-week high of 22.50 yuan and a low of 5.58 yuan, with a 52-week increase of 63.40% [12]. Financial Performance - The company reported a revenue of 3,273.01 million yuan for 2023, with a projected growth rate of 25.04% for 2024 [23]. - The net profit attributable to the parent company is expected to recover significantly, with projections of 249.28 million yuan in 2024, compared to a loss of 24.99 million yuan in 2023 [23]. Growth Drivers - The company is focusing on enhancing its production capacity and improving operational efficiency, with new factories and projects underway [20]. - The demand for servers and other electronic products is expected to improve, contributing to the company's recovery and growth trajectory [20].