理工能科：Q2净利润大超预期，软件与仪器业务齐发力

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [8] Core Views - The company reported a significant increase in net profit for Q2 2024, with an estimated net profit of approximately 0.92 billion to 1.07 billion yuan, representing a year-on-year growth of 70% to 98% [4][9] - The growth in net profit is attributed to the rapid improvement in the downstream demand for both software and equipment businesses [10] - The company is expected to achieve operating revenues of 1.371 billion, 1.610 billion, and 1.855 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 0.332 billion, 0.430 billion, and 0.546 billion yuan [16] Financial Performance - For the year 2024, the company is projected to have an operating income of 1.371 billion yuan, with a growth rate of 25.15% [17] - The net profit for 2024 is expected to be 0.332 billion yuan, reflecting a growth rate of 35.12% [17] - The earnings per share (EPS) for 2024 is estimated at 0.88 yuan, with a price-to-earnings (PE) ratio of 17.78 [17] Business Segments - The software segment is performing well, with ongoing sales of key software products contributing to stable net profits [10] - The instrumentation segment is focusing on high-value products and expanding its market presence, particularly in the high-voltage sector [10]