Investment Rating - The report does not provide a specific investment rating for the company [1] Core Insights - The company's performance is driven by rapid growth in its high-speed rail information technology business, with a significant increase in revenue and a strong order backlog [1][13] - The company is making strides in the computing power service sector, with several projects secured, indicating a positive outlook for future growth in this area [2] Financial Performance Summary - For the first three quarters of 2024, the company achieved total revenue of 267 million yuan, representing a year-on-year increase of 19.10%, and a net profit attributable to shareholders of 23.05 million yuan, up 35.39% year-on-year [13] - In Q3 2024, the company reported a single-quarter revenue of 94.15 million yuan, a year-on-year increase of 16.10%, with a gross margin of 24.47% [1] - The company’s order backlog reached 993 million yuan by the end of September 2024, marking a 47.88% increase from the previous year [1] Business Segment Performance - The high-speed rail information technology business accounted for 27.54% of total revenue as of September 2024, showing a significant increase from the end of 2023 [1] - The computing power service business is gaining traction, with multiple projects awarded, including collaborations with universities and telecom companies [2]
广脉科技：高铁信息化业务快速增长，算力服务值得关注