上海港湾：卫星钙钛矿领域布局有望贡献新成长性

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company is positioned to benefit from the emerging satellite perovskite battery sector, which is expected to contribute to new growth opportunities [3][6] - The company has a strong patent portfolio in the satellite perovskite battery technology, indicating a competitive advantage in this field [6][12] Financial Summary - The company's projected revenue for 2024 is 1,639 million RMB, with a year-on-year growth rate of 28.33% [5] - The projected net profit attributable to the parent company for 2024 is 205 million RMB, reflecting a year-on-year growth rate of 17.90% [5] - Earnings per share (EPS) is expected to reach 0.84 RMB in 2024, with a projected price-to-earnings (P/E) ratio of 27.63 [5] - The company’s return on equity (ROE) is forecasted to be 10.67% in 2024, increasing to 14.27% by 2026 [5] Market Performance - The closing price of the company's stock is 23.08 RMB, with a market capitalization of approximately 5,672.16 million RMB [2] - The stock has experienced a 52-week high of 25.59 RMB and a low of 13.82 RMB [2] Industry Context - The satellite internet sector is a key development area in China, with significant government initiatives aimed at expanding low Earth orbit satellite deployments [6] - The company is leveraging its technological advancements in perovskite solar cells, which are expected to outperform traditional solar technologies in space applications [6][9]