Investment Rating - The report maintains a "Recommended" rating for the company [4]. Core Insights - In the first three quarters of 2024, the company achieved revenue of 2.781 billion yuan, a year-on-year growth of 0.06%, and a net profit attributable to shareholders of 82 million yuan, a significant increase of 162.37% year-on-year [2]. - The company is actively engaging with the Harmony ecosystem, having signed a cooperation development agreement with ChinaSoft International to create domestically controllable IoT terminals and computer products based on the open-source Harmony platform [2]. - The company has successfully passed the re-examination for the "Specialized, Refined, and New" small giant enterprise designation, indicating its high level in specific industry segments [2]. - The gross profit for Q3 2024 was 172 million yuan, reflecting a year-on-year increase of 56.6%, with a gross margin of 15.8% [2]. - The company is focusing on the computing power sector through its subsidiary, Tengyun Zhikuan, which is dedicated to providing AIGC infrastructure products [2]. - The company expects significant revenue growth driven by the digital economy and network upgrades, forecasting revenues of 4.24 billion, 4.92 billion, and 5.73 billion yuan for 2024, 2025, and 2026 respectively, with net profits of 140 million, 180 million, and 230 million yuan [2][3]. Financial Summary - For 2024, the company is projected to have total revenue of 4.24 billion yuan, with a growth rate of 15.68% [5]. - The net profit attributable to shareholders is expected to reach 136 million yuan in 2024, with a growth rate of 315.27% [5]. - The earnings per share (EPS) is projected to be 0.54 yuan in 2024, with a price-to-earnings (P/E) ratio of 69 [5][3].
智微智能：2024年三季报点评：AI时代，新质生产力使命与鸿蒙生态共振，助力企业高速成长