GRGTEST(002967) 东吴证券·2025-01-16 07:02Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company's net profit for 2024 is expected to grow by 50%-81%, exceeding expectations, with projected revenue of 3.1-3.3 billion yuan, a year-on-year increase of 7%-14% [2] - The management team has undergone a renewal, focusing on strategic emerging sectors and enhancing operational efficiency through refined management practices [3] - The implementation of an employee stock incentive plan aims to bind core employees and reflects confidence in future growth [4] Financial Forecasts - The company’s total revenue is projected to increase from 2.889 billion yuan in 2023 to 3.181 billion yuan in 2024, representing a year-on-year growth of 10.10% [10] - The net profit attributable to the parent company is forecasted to rise from 199.39 million yuan in 2023 to 329.91 million yuan in 2024, indicating a significant year-on-year growth of 65.46% [10] - The earnings per share (EPS) is expected to increase from 0.34 yuan in 2023 to 0.57 yuan in 2024 [10]