Investment Rating - The investment rating for the company is "Buy" (maintained) with a market price of 232.02 CNY [1] Core Viewpoints - The company achieved a revenue of 352 million CNY in the first half of 2024, representing a year-on-year growth of 22.41%, and a net profit of 103 million CNY, up 40.68% year-on-year [2] - The gross profit margin for the first half of 2024 was 97.16%, an increase of 1.41 percentage points compared to the previous year [2] - The company is focusing on enhancing its marketing system and expanding its service ecosystem, which has led to improved sales performance [2] - The company has a strong emphasis on R&D, holding numerous patents and intellectual property rights, and has been recognized as a national champion in manufacturing [2] - The company is expected to maintain a leading position in the database industry, with projected net profits of 350 million CNY, 418 million CNY, and 510 million CNY for 2024, 2025, and 2026 respectively [2] Financial Summary - Revenue is projected to grow from 794 million CNY in 2023 to 1,314 million CNY in 2026, with a compound annual growth rate (CAGR) of approximately 20% [1] - Net profit is expected to increase from 296 million CNY in 2023 to 510 million CNY in 2026, reflecting a CAGR of around 22% [1] - Earnings per share (EPS) is forecasted to rise from 3.90 CNY in 2023 to 6.71 CNY in 2026 [1] - The company's return on equity (ROE) is projected to remain stable around 19% from 2024 to 2026 [1]
达梦数据：研发为本，营销添翼，24H1业绩稳健增长