Autel(688208) Soochow Securities·2024-11-29 08:23Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is expanding into the robotics and AI sectors, establishing a new growth curve with its wholly-owned subsidiary focused on intelligent robots and AI-related software and services [2] - The company is well-positioned to benefit from the growing demand for charging stations, leveraging its core technologies in power electronics, AI, and cloud solutions to deliver intelligent charging network solutions [3] - The digital repair segment is a stronghold for the company, with significant investments in R&D leading to a robust competitive position in the automotive aftermarket [4] Financial Projections - The company is projected to achieve total revenue of 4,084 million yuan in 2024, with a year-on-year growth rate of 25.62% [1] - The net profit attributable to the parent company is expected to reach 616.28 million yuan in 2024, reflecting a substantial year-on-year increase of 243.84% [1] - The report forecasts earnings per share (EPS) of 1.36 yuan for 2024, with corresponding P/E ratios of 26.17, 22.34, and 17.51 for the years 2024, 2025, and 2026 respectively [4]