Sharetronic(SZ:300857) Soochow Securities·2024-10-29 22:00Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company achieved a revenue of 5.395 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 67.11%, and a net profit attributable to shareholders of 557 million yuan, up 184.46% year-on-year [1][2] - In Q3 2024, the company reported a revenue of 1.817 billion yuan, a 30.81% increase year-on-year, and a net profit of 199 million yuan, reflecting a 140.63% growth year-on-year [2] - The growth in revenue is attributed to increased market demand for IoT smart terminal products and data storage devices, as well as higher income from server remanufacturing [2] Financial Performance - The company's total revenue is projected to reach 8.243 billion yuan in 2024, with a year-on-year growth rate of 76.97% [1][9] - The net profit attributable to shareholders is expected to be 788.6 million yuan in 2024, with a year-on-year growth of 174.50% [1][9] - The latest diluted EPS is forecasted to be 3.22 yuan per share in 2024, with a P/E ratio of 24.23 [1][10] Business Development - The company's computing power business is rapidly advancing, with significant contracts signed for cloud computing services, indicating potential for new growth [3] - The company has established strategic partnerships to enhance its capabilities in AI and large-scale computing services [3] Market Position - The company has a strong shareholder background and is well-positioned to benefit from the growth in its computing power business, which is expected to contribute positively to future earnings [3]