Himile Science And Technology(SZ:002595)2024-10-29 03:12Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market [6][8]. Core Insights - The company reported a revenue of 6.365 billion yuan for the first three quarters of 2024, representing a year-over-year growth of 20.05%. The net profit attributable to the parent company was 1.417 billion yuan, with a year-over-year increase of 21.23% [6][8]. - The company has a robust order backlog, with contract liabilities reaching 236 million yuan, a 109.68% increase from the beginning of the year, reflecting strong demand [8]. - The report highlights the company's strategic focus on expanding its tire mold business and developing steam turbine components, which are expected to drive future growth [8]. Financial Data Summary - For the fiscal year 2024, the company is projected to achieve revenues of 19.25 billion yuan, with net profits of 1.925 billion yuan, corresponding to a PE ratio of 20x [8][11]. - The gross margin for Q3 2024 was reported at 34.94%, with a net margin of 22.29%, showing slight decreases due to increased operating expenses [6][7]. - The company’s total assets and liabilities indicate a healthy financial position, with a debt-to-asset ratio of 14.97% [3].