Integrity Technology (688244) 开源证券·2024-08-27 05:57Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company's performance met expectations, with significant growth in the "Digital Wind Tunnel" business [1][3] - The company is a leader in the network attack simulation and talent development sectors, maintaining a strong position in the market [2] - The company has launched three new AI security model products, enhancing the integration of AI technology with its core business [4] Financial Summary - In Q2, the company achieved operating revenue of 71 million yuan, a year-on-year increase of 22.07%, and a net profit attributable to shareholders of 1.5 million yuan, up 114.53% year-on-year [1] - For the first half of the year, the company's gross profit margin was 55.09%, a decrease of 4.99 percentage points year-on-year, while the sales expense ratio and management expense ratio decreased by 17.14 and 3.9 percentage points, respectively [1] - The company forecasts operating revenue of 517 million yuan for 2024, with a year-on-year growth of 30.5% [5] - The projected net profit attributable to shareholders for 2024 is 66 million yuan, reflecting a significant recovery from a loss of 31 million yuan in 2023 [5] Business Development - The "Digital Wind Tunnel" testing and evaluation business generated revenue of 37.59 million yuan in the first half of the year, with expectations for continued high growth throughout the year [3] - The company is focusing on a "300×300" strategic goal, providing comprehensive digital transformation security solutions and technical support to key clients [3]