Shanghai Ganglian(SZ:300226)2024-08-28 13:33Investment Rating - The report maintains a "Recommended" rating for the company [2][7]. Core Viewpoints - The company achieved a revenue of 43.895 billion yuan in the first half of 2024, representing a year-on-year growth of 12.43%, while the net profit attributable to shareholders decreased by 29.41% to 0.84 billion yuan [1]. - The company's data service revenue growth has slowed, with industrial data services generating 0.231 billion yuan, up 4.76% year-on-year, while supply chain services revenue reached 42.649 billion yuan, up 13.16% [1]. - The company has successfully entered the list of major model projects published by the Shanghai Municipal Economic and Information Commission, showcasing its data advantages in the commodity sector [1][2]. - The "Mysteel" price index has expanded its international application, enhancing the company's influence in global commodity pricing [2][7]. Financial Performance Summary - The company is projected to achieve revenues of 97.569 billion yuan, 109.334 billion yuan, and 121.476 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 13.04%, 12.06%, and 11.10% [7][8]. - The net profit attributable to shareholders is expected to be 2.37 billion yuan, 3.10 billion yuan, and 3.57 billion yuan for the same years, with a slight decrease of 1.39% in 2024, followed by increases of 30.95% and 14.95% in 2025 and 2026 [7][8]. - The earnings per share (EPS) are forecasted to be 0.74 yuan, 0.96 yuan, and 1.11 yuan for 2024, 2025, and 2026, respectively [8][12].