Investment Rating - The report maintains a "Buy" rating for the company [2][6] Core Views - The company has shown significant revenue growth driven by advanced packaging, with Q3 2024 revenue reaching 126 million yuan, a year-on-year increase of 34.70% and a quarter-on-quarter increase of 21.70% [4][6] - The company plans to acquire 80% of Malaysian INOFINE, which will enhance its position in the wet electronic chemicals sector and facilitate rapid expansion into the Southeast Asian market [4][5] Company Overview - The company reported a total revenue of 312 million yuan for the first three quarters of 2024, representing a year-on-year growth of 25.96%, with a net profit attributable to shareholders of 23.83 million yuan, up 28.56% year-on-year [4] - The company has a total share capital of 88 million shares and a market capitalization of 4.4 billion yuan [1] Financial Performance - The company’s gross profit margin for Q3 2024 was 28.25%, an increase of 4.57 percentage points from the previous quarter [4] - R&D expenses for the first three quarters of 2024 amounted to 34.42 million yuan, a year-on-year increase of 45.68% [4] - The company expects revenues of 462 million, 564 million, and 689 million yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 48.64 million, 69.01 million, and 105.36 million yuan [6][8]
艾森股份：先进封装驱动成长，拟收购马来西亚INOFINE公司夯实湿电子化学品布局