海兴电力：业绩符合市场预期，营收增速有望在四季度修复

研究报告 Research Report [Table_Info] 维持优于大市 Maintain OUTPERFORM 评级 优于大市 OUTPERFORM 现价 Rmb39.30 目标价 Rmb54.21 HTI ESG 3.8-3.5-3.5 E-S-G: 0-5, (Please refer to the Appendix for ESG comments) 1mth 3mth 12mth 绝对值 -17.5% -2.0% 74.7% 绝对值（美元） -19.2% -2.2% 77.5% 相对 MSCI China -17.5% -2.0% 74.7% [Table_Profit] Rmb mn Dec-23A Dec-24E Dec-25E Dec-26E Revenue 4,200 5,294 6,562 7,966 Revenue (+/-) 27% 26% 24% 21% Net profit 982 1,194 1,500 1,826 Net profit (+/-) 48% 22% 26% 22% Diluted EPS (Rmb) 2.01 2.44 3.07 3.74 GPM 41.9 ...