UNICOMP(SH:688531)2024-10-30 08:43Investment Rating - The report maintains a "Buy" rating for the company [5][7]. Core Views - The company reported a year-on-year revenue growth of 18% in Q3 2024, driven by increased demand for X-ray detection equipment and sources [5][6]. - The gross margin improved to 44.81% in Q3, up 4.07 percentage points year-on-year, attributed to product upgrades and increased self-manufacturing of X-ray sources [6]. - The company plans to invest 700 million yuan to expand its industrial X-ray detection equipment capacity, indicating growing demand in high-end precision manufacturing sectors [6][7]. - Earnings forecasts for 2024-2026 have been slightly adjusted downwards, with expected net profits of 152 million yuan, 214 million yuan, and 307 million yuan respectively [7][8]. Financial Summary - For the first three quarters of 2024, the company achieved a revenue of 512 million yuan, a 20.03% increase year-on-year, and a net profit of 105 million yuan, up 30.09% year-on-year [5][8]. - The projected total revenue for 2024 is 765 million yuan, with a year-on-year growth rate of 30.2% [8]. - The gross margin for 2024 is expected to be around 45%, with a gradual increase in subsequent years [8][10].