SUPCON Technology (SH:688777) SINOLINK SECURITIES·2024-12-26 05:53Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [20][23]. Core Views - The company has achieved significant breakthroughs in its self-developed PLC products, which are now being applied in various benchmark projects across multiple industries, including petrochemicals and rail transit [30]. - The introduction of the "4+1" industrial AI product system is expected to enhance the company's position in industrial automation and drive future growth [30]. - The coal chemical industry in Xinjiang is projected to enter a peak investment period from 2025 to 2030, potentially leading to substantial procurement opportunities for the company [30]. Financial Summary - The company's revenue is forecasted to grow from 8,620 million RMB in 2023 to 12,958 million RMB by 2026, with a compound annual growth rate (CAGR) of approximately 16.42% [3]. - Net profit attributable to the parent company is expected to increase from 1,102 million RMB in 2023 to 1,689 million RMB in 2026, reflecting a CAGR of about 16.61% [3]. - The diluted earnings per share (EPS) is projected to rise from 1.402 RMB in 2023 to 2.136 RMB in 2026 [3]. - The company's price-to-earnings (P/E) ratio is expected to decrease from 32.35 in 2023 to 23.63 in 2026, indicating improving valuation metrics [3].