Himile Science And Technology(SZ:002595) Guoxin Securities·2024-08-19 11:00Investment Rating - The investment rating for the company is "Outperform the Market" [5][14][17]. Core Views - The company achieved a revenue of 4.138 billion yuan in the first half of 2024, representing a year-on-year growth of 16.97%, with a net profit attributable to shareholders of 960 million yuan, up 23.93% year-on-year [1]. - In the second quarter, revenue reached 2.372 billion yuan, showing a significant increase of 25.36% year-on-year, while the net profit was 560 million yuan, reflecting a growth of 20.74% year-on-year [1]. - The tire mold business saw a revenue of 2.216 billion yuan in the first half of 2024, growing 19.25% year-on-year, driven by the rapid development of the new energy vehicle sector [1]. - The large component machinery segment generated 1.465 billion yuan in revenue, a 2.65% increase year-on-year, supported by strong demand in the gas turbine market [1]. - The CNC machine tool business experienced a remarkable growth of 141.31% year-on-year, with revenue reaching 207 million yuan in the first half of 2024 [1]. Financial Summary - The company's revenue is projected to reach 8.26 billion yuan in 2024, with a year-on-year growth of 15.3% [3]. - The net profit attributable to shareholders is expected to be 1.888 billion yuan in 2024, reflecting a growth of 17.1% [3]. - The earnings per share (EPS) is forecasted to be 2.36 yuan in 2024, with a PE ratio of 14.8 [3][15]. - The gross margin for the first half of 2024 improved to 35.01%, up 0.35 percentage points year-on-year [1].