LIHUA(SZ:300761)2024-10-23 01:09Investment Rating - The report maintains a "Buy" rating for the company [6][7]. Core Views - The company reported a revenue of 12.68 billion yuan for the first three quarters of 2024, a year-on-year increase of 13.7%, and a net profit attributable to shareholders of 1.16 billion yuan, a significant increase of 507.7% year-on-year [6]. - The chicken business showed improved sales growth, with a total of 376 million chickens sold in the first three quarters of 2024, up 12.1% year-on-year [6]. - The pig business also maintained rapid growth, with 792,000 pigs sold in the first three quarters of 2024, a year-on-year increase of 35.6% [6]. Financial Performance Summary - For 2024, the company expects to achieve total revenue of 18.22 billion yuan, a year-on-year growth of 18.7%, and a net profit of 1.56 billion yuan [8]. - The earnings per share (EPS) is projected to be 1.88 yuan for 2024, with a price-to-earnings (PE) ratio of 11 [8]. - The gross profit margin is expected to be 15.9% for 2024, with a return on equity (ROE) of 16.9% [8].