ROBAM(002508) 中国银河·2024-10-31 11:09Investment Rating - The report maintains a positive investment recommendation for the company, highlighting its strong market position and potential benefits from government policies aimed at stabilizing the real estate market and promoting consumption [1]. Core Insights - The company reported a revenue of 7.396 billion yuan for the first three quarters of 2024, representing a year-on-year decline of 6.78%. The net profit attributable to shareholders was 1.202 billion yuan, down 12.44% year-on-year, while the net profit after deducting non-recurring gains and losses was 1.075 billion yuan, a decrease of 16.27% [1]. - The report forecasts the company's net profits for 2024-2026 to be 1.877 billion yuan, 2.011 billion yuan, and 2.134 billion yuan, respectively, with corresponding EPS of 1.99 yuan, 2.13 yuan, and 2.26 yuan [2]. Financial Performance Summary - Revenue for 2024 is projected at 11.201 billion yuan, with a growth rate of 9.06%. The net profit is expected to reach 1.733 billion yuan, reflecting a profit growth rate of 10.20% [2]. - The report provides a detailed financial forecast, including operating income, net profit, and EPS for the years 2024 to 2026, indicating a consistent growth trajectory [3]. Key Financial Metrics - The projected PE ratios for 2024-2026 are 12.11, 11.30, and 10.65, respectively, suggesting an attractive valuation relative to earnings [2]. - The report includes various financial ratios, such as net profit margin, ROE, and asset-liability ratio, which indicate the company's financial health and operational efficiency [3].