Investment Rating - The investment rating for Qingju Technology is "Buy" (maintained) [1] Core Insights - The report highlights that the company's revenue for the first half of 2024 reached approximately 343 million yuan, a year-on-year increase of 1.59%, while the net profit attributable to the parent company was about 65 million yuan, also up by 1.51% year-on-year [2] - The report indicates that the company's core business, engineering cost consulting services, is closely tied to fixed asset investment, which has shown a slowdown, leading to weak demand [3] - The company is focusing on strategic central enterprise clients and has successfully entered several key projects in energy, transportation, and electronics sectors [3] Financial Performance - In Q2 2024, the company achieved revenue of approximately 201 million yuan, a year-on-year decrease of 4.32% but a quarter-on-quarter increase of 41.11% [2] - The gross profit margin for Q2 2024 improved to approximately 50.23%, an increase of 2.03 percentage points year-on-year and a significant improvement of 12.63 percentage points quarter-on-quarter [2] - The company’s total revenue for 2024 is projected to be approximately 1.033 billion yuan, with net profit expected to be around 222 million yuan [6][7] Strategic Adjustments - The company is actively adjusting its strategy to focus on high-quality central and state-owned enterprise clients, with over 80% coverage of 98 central enterprise groups as of the first half of 2024 [3] - The engineering management technology services segment has seen significant growth, with revenue increasing by 233.26% year-on-year, primarily due to the sales growth of the three-dimensional digital management platform [3] Employee Incentives - In June 2024, the company implemented a stock incentive plan, granting approximately 1.1834 million restricted shares to 22 core employees, which is expected to enhance employee motivation and align with the company's long-term sustainable development goals [5]
青矩技术：24Q2固投降速导致需求偏弱，经营重心转为攻坚核心战略客户