ANLI(300218) 民生证券·2024-07-15 02:30Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 14.88 yuan [7][18]. Core Views - The company is expected to achieve significant growth in net profit, with projections of 202 million yuan for 2024, representing a growth rate of 185.6% compared to 2023 [5][6]. - The company's main products are experiencing both volume and price increases, with a notable 19.7% growth in sales volume and a 29.1% increase in sales revenue in the first half of 2024 [5]. - The automotive interior segment is anticipated to contribute to substantial growth, with the company having established partnerships with major automotive brands and expected to see increased production in the coming years [5]. - The establishment of the Vietnam factory is seen as a long-term growth foundation, with expected improvements in profitability as production ramps up [5]. Financial Summary - Total revenue for 2023 is reported at 2,000 million yuan, with projections of 2,504 million yuan for 2024, reflecting a growth rate of 25.2% [2][6]. - The net profit attributable to shareholders is expected to rise from 71 million yuan in 2023 to 202 million yuan in 2024, indicating a significant recovery and growth [2][6]. - Earnings per share (EPS) are projected to increase from 0.33 yuan in 2023 to 0.93 yuan in 2024, with further growth expected in subsequent years [6].