盾安环境：业绩位于预告中值，汽零业务增速亮眼

Investment Rating - The report maintains a "Buy" rating for the company [4][3]. Core Views - The company reported a robust revenue growth of 13.87% year-on-year for H1 2024, achieving a total revenue of 6.346 billion yuan [3]. - The net profit attributable to shareholders increased by 44.02% year-on-year, reaching 474 million yuan [3]. - The company’s gross margin for H1 2024 was 18.00%, a decrease of 1.19 percentage points compared to the previous year [3]. - The report highlights strong growth in the automotive parts business, with significant contributions from core customers [3][4]. Financial Summary - For 2023, the company’s revenue is projected at 11,382 million yuan, with a year-on-year growth of 11.5% [2]. - The net profit attributable to shareholders for 2023 is estimated at 738 million yuan, reflecting a decline of 11.5% year-on-year [2]. - The gross margin is expected to be 19.2% in 2023, with a projected return on equity (ROE) of 16.7% [2]. - The earnings per share (EPS) for 2024 is forecasted to be 0.91 yuan, with a dynamic PE ratio of 11.0 [3][2].