博众精工：Q2业绩高增长，有望受益果链创新大年

Investment Rating - The report maintains an "Accumulate" rating for the company [2] Core Views - The company reported a strong performance in Q2 2024, with a revenue of 1.09 billion yuan, representing a year-on-year growth of 46% and a net profit of 117 million yuan, up 206% year-on-year [3] - The company is expected to benefit from the upcoming boom in the fruit supply chain driven by AI terminal innovations, as it is a core supplier in this sector [4] - The company is diversifying its growth avenues through investments in semiconductor equipment and low-altitude economy initiatives, which are projected to have significant market potential [5][6] Financial Performance Summary - For 2024, the company is projected to achieve revenues of 5.171 billion yuan and a net profit of 496 million yuan, with corresponding P/E ratios of 19.6 [1][6] - The company’s revenue growth rates are forecasted at 7% for 2024, 25% for 2025, and 23% for 2026, while net profit growth rates are expected to be 27% for 2024, 33% for 2025, and 17% for 2026 [1][6] - The company’s earnings per share (EPS) is projected to increase from 0.87 yuan in 2023 to 1.74 yuan by 2026 [1][6]