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安图生物:2024年三季报点评:控股股东增持和公司回购,彰显公司对未来信心

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [5]. Core Insights - The company, Antu Bio (603658), reported a revenue of 3.38 billion yuan for Q3 2024, reflecting a year-over-year increase of 3.38%, while the net profit for the same period was 337 million yuan, showing a year-over-year decrease of 5.18% [3][4]. - For the first three quarters of 2024, the company achieved a total revenue of 3.38 billion yuan, up 4.24% year-over-year, and a net profit of 956 million yuan, up 6.13% year-over-year [3][4]. - The company's gross profit margin for Q3 2024 was 66.80%, an increase of 0.45 percentage points year-over-year, while the net profit margin decreased by 2.54 percentage points to 29.20% [4]. - The controlling shareholder has increased their stake in the company, and the company has initiated a share buyback program, indicating confidence in the company's future [4]. Financial Summary - The company expects revenues of 4.88 billion yuan, 5.46 billion yuan, and 6.34 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 1.42 billion yuan, 1.59 billion yuan, and 1.86 billion yuan [4][8]. - The projected P/E ratios for the next three years are 18.89X, 16.91X, and 14.42X [4][8]. - The company has a total market capitalization of approximately 26.81 billion yuan [4].