Luxi Chemical(000830) 申万宏源·2024-11-05 09:40Investment Rating - The report maintains an "Outperform" rating for the company, indicating a positive outlook compared to the market [4][7]. Core Views - The company reported a revenue of 21.579 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 20.27%. The net profit attributable to shareholders reached 1.575 billion yuan, a significant increase of 210.77% year-on-year [4][7]. - Despite a decline in product prices due to increased industry competition, the company managed to maintain revenue growth by increasing sales volume [5][6]. - Ongoing projects are progressing well, and the company is expected to have significant long-term growth potential, supported by new product launches and operational improvements [6][7]. Financial Summary - As of September 30, 2024, the company had a net asset value per share of 9.56 yuan and a debt-to-asset ratio of 48.75% [3]. - The total revenue for 2024 is projected to be 28.328 billion yuan, with a net profit forecast of 1.967 billion yuan, reflecting a year-on-year growth of 140.3% [8][9]. - The company's earnings per share (EPS) is expected to be 1.03 yuan for 2024, with a projected price-to-earnings (PE) ratio of 12 [8][9].