SNIBE(SZ:300832) Hua Yuan Zheng Quan·2024-11-03 04:53Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The company reported a revenue of 3.414 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 17.41%. The net profit attributable to the parent company was 1.384 billion yuan, up 16.59% year-on-year [4] - The company has shown strong performance in both domestic and international markets, with domestic revenue growing by 13.60% and international revenue by 25.16% in the first three quarters of 2024 [4] - The gross margin for the first three quarters of 2024 was 72.34%, slightly adjusted from previous periods, indicating a focus on increasing R&D investment for new product iterations [4] Financial Performance Summary - For 2024, the company is expected to achieve revenues of 46.79 billion yuan, with a year-on-year growth rate of 19.08%. The net profit attributable to the parent company is projected to be 19.68 billion yuan, reflecting a growth rate of 19.02% [5][6] - The company’s earnings per share (EPS) for 2024 is estimated at 2.50 yuan, with a price-to-earnings (P/E) ratio of 26.90 [6] - The financial forecast indicates a steady increase in revenue and net profit for the years 2024 to 2026, with projected revenues of 56.60 billion yuan in 2025 and 68.00 billion yuan in 2026 [5][6]