SUPCON Technology (688777) 长江证券·2025-01-14 03:09Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company has partnered with Hubei Sanning to create the first "unmanned" sulfuric acid plant in the chemical industry, leveraging AI technology for precise parameter predictions and reducing labor input [2][5]. - The company is transitioning towards becoming an industrial AI leader, with a new strategy expected to drive innovation in products, services, and business models [2][10]. - Projected net profits for the company from 2024 to 2026 are estimated at 1.21 billion, 1.44 billion, and 1.78 billion yuan, with corresponding P/E ratios of 30.1x, 25.3x, and 20.4x [2][10]. Summary by Sections Event Description - The company has made significant progress in its strategic transformation towards industrial AI, exemplified by the development of the unmanned sulfuric acid plant [5]. Event Commentary - The AI technology is enhancing operations in various sectors, including chemicals, energy, and liquor, with notable advancements in autonomous factory operations and real-time optimization projects [10]. - The company has successfully implemented AI solutions that drastically reduce manual operations in chemical plants, showcasing the effectiveness of its technology [10]. Financial Projections - Revenue projections for the company are as follows: 8.62 billion in 2023, 10.05 billion in 2024, 11.92 billion in 2025, and 14.29 billion in 2026 [13]. - The net profit attributable to the parent company is expected to grow from 1.1 billion in 2023 to 1.78 billion in 2026, indicating a strong growth trajectory [13].