Inovance(300124) Soochow Securities·2024-08-31 03:04Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company has launched a regular equity incentive plan, aiming to grant stock rights totaling no more than 34.76 million shares, accounting for 1.30% of the total share capital [6] - The company's automation revenue is expected to grow by approximately 10-15% year-on-year, with a significant increase in the second half of the year [6] - The electric vehicle segment has shown substantial growth, with revenue expected to exceed 15 billion yuan for the year, contributing significantly to net profit [7] - The forecast for net profit for 2024 is set at 5.456 billion yuan, reflecting a year-on-year growth of 15.06% [6] Summary by Sections Financial Forecast and Valuation - Total revenue is projected to reach 37.292 billion yuan in 2024, with a year-on-year growth of 22.59% [6] - The diluted EPS for 2024 is estimated at 2.04 yuan, with a corresponding P/E ratio of 21.25 [6] Market Data - The closing price of the stock is 43.30 yuan, with a market capitalization of approximately 115.96 billion yuan [3] Basic Data - The company's net asset per share is 9.51 yuan, and the debt-to-asset ratio stands at 48.84% [4] Related Research - Recent reports highlight the company's strong performance in the electric vehicle sector and its ongoing growth in industrial automation [5]