RIGOL(688337) 东吴证券·2024-10-30 06:57Investment Rating - The report maintains an "Accumulate" rating for the company [4] Core Views - The company achieved a significant increase in Q3 net profit attributable to shareholders, with a year-on-year growth of 138%, driven by high-end new products and effective solutions [2][3] - The company reported a total revenue of 530 million yuan for the first three quarters of 2024, representing a 13% year-on-year increase, while Q3 alone saw a revenue of 230 million yuan, up 41% year-on-year [2][3] - The gross profit margin for Q3 was 60.8%, reflecting a year-on-year increase of 2.6 percentage points, and the net profit margin was 19.8%, up 6.2 percentage points year-on-year [3] Financial Performance Summary - For 2024, the company forecasts total revenue of 758.22 million yuan, with a year-on-year growth of 13.08%, and a net profit of 111.49 million yuan, reflecting a growth of 3.27% [1][4] - The company's earnings per share (EPS) for 2024 is projected to be 0.57 yuan, with a price-to-earnings (P/E) ratio of 70.34 based on the current market price [1][4] - The company has implemented a stock incentive plan for 76 core employees, which is expected to enhance growth confidence [4]