蓝特光学：前三季度净利润增长76%，主要产品板块收入均提升

Investment Rating - The report maintains an "Outperform" rating for the company [1][3][16] Core Views - The company achieved a 60% year-over-year revenue growth in the first three quarters of 2024, with net profit increasing by 76%. The main product segments saw revenue increases, solidifying the company's competitive advantage in the market [1][2] - The third quarter of 2024 marked a historical high for both revenue and profit, with a revenue of 408 million yuan (YoY 41.10%, QoQ 93.42%) and a net profit of 112 million yuan (YoY 61.32%, QoQ 465.87%) [1][2] - The demand for optical prisms and glass aspheric lenses is on the rise, driven by developments in consumer electronics and automotive intelligent driving sectors [1][2] - The company is actively expanding its product structure and downstream market, collaborating closely with leading optical glass material manufacturers [1][2] Financial Forecasts - Projected revenues for 2024-2026 are 1.144 billion yuan, 1.503 billion yuan, and 1.817 billion yuan respectively, with corresponding net profits of 270 million yuan, 373 million yuan, and 463 million yuan [1][2] - The company's price-to-earnings (P/E) ratios for 2024-2026 are estimated at 34.0, 24.6, and 19.8 times respectively [1][2]