JZNEE(603507) 华福证券·2024-08-23 12:00Investment Rating - The investment rating for the company is "Buy" [2][9] Core Views - The company's performance in the first half of 2024 met expectations, with revenue of 1.957 billion (up 5% YoY) and net profit attributable to the parent company of 123 million (up 58% YoY) [1] - The company is expected to benefit from the upcoming peak shipping season for solar photovoltaic support components and the commencement of production at a factory in Saudi Arabia in Q4 [1] - The company is positioned to take advantage of the growth in overseas offshore wind installations, being a key supplier for Siemens [1] Financial Performance Summary - Revenue for 2024 is projected to be 5.868 billion, with a growth rate of 53% [5] - Net profit for 2024 is estimated at 303 million, reflecting a growth rate of 65% [5] - Earnings per share (EPS) for 2024 is expected to be 1.64 yuan, with a corresponding price-to-earnings (P/E) ratio of 12 [5] Future Outlook - The company anticipates significant profit contributions from its solar photovoltaic and offshore wind businesses in the coming years, with net profits projected to reach 4.1 billion in 2025 and 5.4 billion in 2026 [1][5] - The expected growth rates for net profit are 35% for 2025 and 32% for 2026 [1]