Investment Rating - The investment rating for the company is "Outperform" (Maintain) [2] Core Insights - The company reported a revenue of 203 million yuan for Q1-Q3 2024, representing a year-on-year increase of 61.21%, with a net profit attributable to the parent company of 31.17 million yuan, up 16.59% year-on-year [3] - The company maintains its profit forecast, expecting net profits of 51 million yuan, 65 million yuan, and 84 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.80 yuan, 1.01 yuan, and 1.31 yuan [3] - The current stock price corresponds to P/E ratios of 52.3, 41.0, and 31.7 for the years 2024, 2025, and 2026 respectively [3] - The company has a unique position in the market with its LED dome display system, which has broken the reliance on foreign technology and has secured a significant order worth 29.928 million yuan from AVIC [5] Financial Summary - For 2024, the company is projected to achieve a revenue of 271 million yuan, a 25.2% increase from the previous year, and a net profit of 51 million yuan, reflecting a 12.7% growth [7] - The gross margin is expected to be 46.3% in 2024, with a net margin of 18.8% [7] - The return on equity (ROE) is projected to be 16.5% in 2024, decreasing slightly in the following years [7] - The company’s total assets are expected to reach 467 million yuan by 2024, with total liabilities of 215 million yuan [9]
成电光信：北交所信息更新：中标LED球幕显示设备2992.80万元订单，2024Q1-3营收同比+61%