Investment Rating - The report maintains a "Buy" investment rating for the company, indicating a positive outlook for its stock performance in the upcoming year [21]. Core Insights - The company has shown significant improvement in profitability in Q1 2024, with a revenue increase of 16.78% year-on-year, reaching 510 million yuan, and a net profit of 42.39 million yuan [21]. - The report highlights the initiation of a refinancing project aimed at enhancing overseas operations, which is expected to support continued performance growth [21]. - The company's revenue projections for 2024 to 2026 are 2.83 billion yuan, 3.82 billion yuan, and 4.66 billion yuan respectively, with corresponding EPS estimates of 1.20 yuan, 1.77 yuan, and 2.37 yuan [21]. Financial Forecasts - The company's main revenue for 2023 is projected at 2,020 million yuan, with a growth rate of 30.7% [10]. - The net profit attributable to shareholders is expected to be 146 million yuan in 2023, with a growth rate of 9.2% [10]. - The diluted EPS for 2023 is forecasted to be 0.78 yuan, with a ROE of 5.3% [10].
嵘泰股份:一季度盈利能力改善明显,海外业务发展提速