AMEC(SH:688012)2024-12-23 01:19Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company successfully removed from the U.S. Department of Defense's Chinese Military Companies List, enhancing its overseas business growth potential [3][19] - The company has not been included in the recent U.S. export control entity list, indicating strong compliance and legal capabilities [4] - The company is expected to benefit from downstream storage manufacturers' expansion and an increase in domestic equipment localization rates [5] Financial Summary - The company’s revenue projections for 2024, 2025, and 2026 are estimated at 82.5 billion, 116.2 billion, and 149.2 billion respectively, with year-on-year growth rates of 31.7%, 40.8%, and 28.5% [5] - The net profit attributable to the parent company is projected to be 18.1 billion, 24.4 billion, and 32.2 billion for the same years, with growth rates of 1.2%, 35.1%, and 31.8% respectively [5] - The dynamic price-to-earnings ratios for 2024, 2025, and 2026 are expected to be 68, 50, and 38 times respectively [5] Market Data - As of December 20, 2024, the closing price of the stock is 196.85 yuan, with a market capitalization of 122,512 million yuan [2]