Jasan Group(SH:603558)2024-10-25 01:42Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market [3][4][10] Core Insights - The company reported a revenue of 1.92 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 16.0%, with a net profit of 263 million yuan, up 31.2% year-on-year [3][4] - In Q3 2024, the company achieved a revenue of 750 million yuan, a 37.0% increase year-on-year, and a net profit of 100 million yuan, growing 27.0% year-on-year [3][4] - The cotton sock business continues to show strong performance, with Q3 revenue growth of 29%, while seamless business revenue increased by 69% in Q3 [3][4] Financial Data Summary - The company’s total revenue for 2023 was 2.281 billion yuan, with a projected revenue of 2.599 billion yuan for 2024, reflecting a growth rate of 13.9% [7] - The net profit for 2023 was 270 million yuan, with an expected increase to 325 million yuan in 2024, indicating a growth rate of 20.3% [7] - The gross margin for Q3 2024 was reported at 28.5%, with a net margin of 12.9% [4][6]