C&D INC.(600153)2024-10-31 09:14Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company's performance has declined, but its sales ranking continues to grow. The report highlights that the company achieved a revenue of 502.14 billion yuan in the first three quarters of 2024, a year-on-year decrease of 16.1%, and a net profit attributable to shareholders of 2.06 billion yuan, down 83.4% year-on-year [5] - The real estate segment shows a revenue increase of 26.0% year-on-year, but net profit has decreased by 21.2%. The company ranks 7th in national sales, improving by one position year-on-year [5] - The supply chain segment reported a revenue decline of 22% year-on-year, with a net profit decrease of 10%. The company is focusing on deepening its professional and international operations [5] Financial Data Summary - For 2024, the company is projected to have total revenue of 691.25 billion yuan, with a year-on-year decrease of 9.5%. The net profit attributable to shareholders is expected to be 3.22 billion yuan, down 75.4% [6] - The company’s earnings per share for 2024 is projected at 1.09 yuan, with a significant drop from 4.45 yuan in 2023 [8] - The gross profit margin is expected to remain at 4.4% for 2024, consistent with the previous year [6]