Zhejiang Jiemei Electronic And Technology (SZ:002859)2024-08-20 03:42Investment Rating - The report maintains a "Buy" rating for the company [4] Core Insights - The company achieved a revenue of 839 million yuan in 1H24, representing a year-on-year growth of 17.75%, and a net profit attributable to the parent company of 121 million yuan, with a year-on-year increase of 20.88% [4] - The company is experiencing a recovery in demand from the consumer electronics sector, driven by new growth points such as renewable energy, smart manufacturing, and 5G commercialization [4] - The gross margin improved by 3.3 percentage points year-on-year, with specific improvements in electronic packaging materials [4] - The company is progressing well with its release film projects, having entered small-batch supply stages with major clients [4] - The company has optimized its product structure and is expanding its overseas presence, including establishing a factory in Malaysia and a wholly-owned subsidiary in the Philippines [4] Financial Data and Profit Forecast - The company’s total revenue is projected to reach 1.851 billion yuan in 2024, with a year-on-year growth rate of 17.7% [4] - The net profit attributable to the parent company is expected to be 266 million yuan in 2024, reflecting a growth rate of 4.2% [4] - The earnings per share (EPS) is forecasted to be 0.62 yuan in 2024, with a projected PE ratio of 28x [4]