Ruida Futures(002961) 华创证券·2025-01-25 06:00Investment Rating - The report maintains a "Recommended" rating for the company, with a target price of 19.06 yuan, reflecting a positive outlook for the company's performance in the coming years [2][8]. Core Insights - The company is expected to achieve a significant increase in net profit for 2024, with estimates ranging from 367 million to 399 million yuan, representing a year-over-year growth of 50.4% to 63.5% [2][4]. - The company's total revenue for 2024 is projected to be 2.273 billion yuan, a substantial increase of 145% compared to 2023 [4]. - The report highlights the company's strong performance in asset management and risk management, with both segments showing considerable revenue growth [8][9]. - Investment income is anticipated to be a major contributor to the company's performance in 2024, with a turnaround from a loss of 20 million yuan in the previous year to a profit of 270 million yuan [8][9]. Financial Summary - For 2023, the company reported total revenue of 926 million yuan and a net profit of 244 million yuan, with a projected increase in net profit to 377 million yuan in 2024 [4][9]. - The earnings per share (EPS) is expected to rise from 0.55 yuan in 2023 to 0.85 yuan in 2024, indicating a positive trend in profitability [4][9]. - The company's price-to-earnings (PE) ratio is projected to decrease from 25.87 in 2023 to 16.79 in 2024, suggesting improved valuation metrics [4][9].