YINLUN(002126) Guohai Securities·2024-10-16 23:00Investment Rating - The investment rating for the company is "Buy" (maintained) [1][4][7] Core Insights - The company is expected to achieve a significant year-on-year increase in net profit for Q3 2024, with forecasts indicating a range of CNY 5.95 to 6.1 billion, representing a year-on-year growth of approximately 34.13% to 37.51% [2][3] - The management innovation and optimization strategies have laid a solid foundation for acquiring orders, with the company implementing a performance management model that enhances operational efficiency and customer responsiveness [2][3] - The company anticipates continued growth in its various business segments, driven by increased market share and value, alongside improved profitability from overseas operations [3][4] Summary by Sections Financial Performance - For Q3 2024, the company expects to achieve a net profit of CNY 1.92 to 2.1 billion, which translates to a year-on-year increase of 21.42% to 32.81% [2][3] - The average net profit forecast for the first three quarters of 2024 is CNY 6.03 billion, reflecting a year-on-year growth of 35.8% [3] Revenue Projections - The company projects total revenue of CNY 13.576 billion for 2024, with a growth rate of 23% [5][7] - The expected net profit for 2024 is CNY 846 million, with a growth rate of 38% [5][7] Management Strategy - The company has adopted a management model that focuses on strategic deployment, operational excellence, and talent development, which is expected to enhance its competitive edge and customer acquisition [2][3]