ORG Technology(002701) Xinda Securities·2024-12-17 14:16Investment Rating - The report does not provide a specific investment rating for the company, indicating "No Rating" [1]. Core Views - The report highlights that the prerequisites for the acquisition have been met, and the industry landscape is expected to improve steadily. The two-piece can industry is currently at a low cycle, with low expansion willingness and an improving pricing mechanism, which is anticipated to stabilize profitability in the fourth quarter of 2024 [1]. - The report suggests that the company's industrial synergy capabilities are expected to strengthen post-acquisition, leading to enhanced scale effects and cost reduction through internal optimization [1]. Financial Summary - Total revenue is projected to be 14,044 million in 2024, with a year-on-year growth rate of 1.5% [3]. - The net profit attributable to the parent company is expected to reach 832 million in 2024, reflecting a year-on-year increase of 7.4% [3]. - The gross profit margin is forecasted to improve from 15.2% in 2023 to 16.2% in 2024 [3]. - Return on equity (ROE) is anticipated to rise from 8.9% in 2023 to 9.1% in 2024 [3]. - Earnings per share (EPS) is projected to increase from 0.30 in 2023 to 0.32 in 2024 [3]. - The price-to-earnings (P/E) ratio is expected to decrease from 19.73 in 2023 to 18.38 in 2024 [3]. - The price-to-book (P/B) ratio is forecasted to decline from 1.75 in 2023 to 1.67 in 2024 [3].