Investment Rating - The investment rating for the company is "Buy-A" with a target price of 20.56 CNY over the next six months [5][8]. Core Insights - The company has shown strong performance in the first half of 2024, achieving a revenue of 192 million CNY, a year-on-year increase of 25.93%, and a net profit of 13.39 million CNY, up 142.17% year-on-year [3][4]. - The company focuses on large group clients, providing long-term services to major state-owned enterprises and actively expanding its service offerings in various sectors [4][5]. - The company has successfully launched several software products and platforms, including ERP and EPM solutions, and has made significant progress in replacing existing systems for major clients [4][5]. Financial Performance - The company reported a significant increase in new orders, revenue, and profits in the first half of 2024, with a backlog of 501 million CNY in contracts, of which 359 million CNY is expected to be recognized as revenue in 2024 [5]. - Revenue breakdown by industry shows that the oil and petrochemical sector generated 93.99 million CNY, a 39.09% increase year-on-year, while the coal and electricity sector saw a 104.62% increase, reaching 16.52 million CNY [5][8]. - The company forecasts revenues of 915 million CNY, 1.14 billion CNY, and 1.38 billion CNY for 2024, 2025, and 2026, respectively, with net profits projected at 149 million CNY, 199 million CNY, and 241 million CNY for the same years [8][11].
普联软件：聚焦大型集团客户，订单和业绩持续稳增可期