CZTL(603158) 华西证券·2024-07-11 06:02Investment Rating - The report maintains a rating of "Accumulate" for the company, predicting that the stock price will outperform the Shanghai Composite Index by 5%-15% in the next six months [3][8]. Core Insights - The company expects to achieve a net profit attributable to shareholders of 109-124 million yuan in the first half of 2024, representing a year-on-year increase of 41%-61% [1]. - The company's heat management business is progressing steadily, with overseas business expansion expected to contribute to performance growth [9]. - The company is benefiting from the electrification trend, with a significant increase in the value of heat management air conditioning pipelines for new energy vehicles compared to traditional fuel vehicles [22]. Financial Summary - Revenue is projected to grow from 3,304 million yuan in 2023 to 4,529 million yuan in 2024, reflecting a year-on-year growth rate of 37.1% [4]. - Net profit attributable to shareholders is expected to increase from 194 million yuan in 2023 to 280 million yuan in 2024, with a year-on-year growth rate of 43.8% [4]. - The company's earnings per share (EPS) is forecasted to rise from 0.40 yuan in 2023 to 0.57 yuan in 2024 [4][9].