润本股份业绩预增公告点评：驱蚊&防晒旺季，上半年利润同增46%-55%

Investment Rating - The investment rating for the company is "Buy" [7] Core Insights - The company expects a significant increase in net profit for the first half of 2024, with a year-on-year growth of 46%-55%, slightly exceeding expectations. The projected net profit is between 1.75 billion to 1.85 billion yuan [2] - The growth in profit is primarily driven by product structure optimization, enhancing profitability [2] - The company is actively expanding its online and offline channels, with notable performance during the 618 shopping festival, ranking first in the JD baby and child care category and second in the Douyin maternal and infant brand popularity list [3] - The introduction of new sunscreen products and the peak sales season for core mosquito repellent products are contributing to sales growth [3] Financial Summary - The company forecasts revenue growth of 30% in 2024, reaching 1.339 billion yuan, with net profit expected to grow by 46% to 330 million yuan [5][6] - The projected net profit for 2025 and 2026 is 403 million yuan and 480 million yuan, respectively, with growth rates of 22% and 19% [5][6] - The company's earnings per share (EPS) is expected to increase from 0.56 yuan in 2023 to 1.19 yuan in 2026 [6]