WOER(002130) 太平洋·2024-11-13 04:21Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected relative increase of over 15% compared to the CSI 300 index in the next six months [7]. Core Views - The company has shown continuous growth in Q3 2024, benefiting from increased demand for computing infrastructure, with a revenue of 17.25 billion yuan, a year-on-year increase of 16.66%, and a net profit of 2.36 billion yuan, up 26.10% year-on-year [2][3]. - The company is actively expanding its market presence by developing new products and clients, particularly in the data center sector, which has led to increased demand for copper connections [2]. - The company has made significant progress in its product development across various segments, including high-speed communication cables and automotive cables, which are now being delivered in bulk [2][3]. Financial Summary - For the first three quarters of 2024, the company achieved a total revenue of 48.20 billion yuan, representing a 20.13% year-on-year growth, and a net profit of 6.55 billion yuan, which is a 36.45% increase year-on-year [2]. - The projected revenues for 2024, 2025, and 2026 are 67.67 billion yuan, 82.69 billion yuan, and 97.63 billion yuan, with respective growth rates of 18.24%, 22.18%, and 18.08% [3]. - The forecasted net profits for the same years are 9.22 billion yuan, 11.53 billion yuan, and 13.85 billion yuan, with growth rates of 31.57%, 25.12%, and 20.10% respectively [3].