EOPTOLINK(SZ:300502) Guolian Securities·2024-10-25 08:30Investment Rating - The report maintains a "Buy" rating for the company [2][4][6]. Core Views - The company reported a revenue of 5.13 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 145.82% [2][6]. - The net profit attributable to shareholders reached 1.65 billion yuan, with a year-on-year increase of 283.20% [2][6]. - The company benefits from the development of AI, with continuous shipments of its 800G products and the second phase of its Thailand factory expected to be completed in Q4 2024 [2][6]. - The company is upgrading its optical module products to 1.6T and has achieved mass production capability for its 400G LPO optical modules [2][6]. - The report forecasts revenues of 6.60 billion yuan, 11.51 billion yuan, and 16.11 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 113.13%, 74.40%, and 39.89% [6][7]. Financial Data Summary - For Q3 2024, the company achieved a revenue of 2.40 billion yuan, a year-on-year increase of 207.12% and a quarter-on-quarter increase of 48.79% [6]. - The net profit for Q3 2024 was 781 million yuan, reflecting a year-on-year growth of 453.07% and a quarter-on-quarter growth of 44.46% [6]. - The company's total assets are projected to grow from 58.76 billion yuan in 2022 to 175.84 billion yuan in 2026 [7][9]. - The company's earnings per share (EPS) are expected to be 2.77 yuan, 3.84 yuan, and 5.33 yuan for 2024, 2025, and 2026, respectively [6][7].