JPT(688025) 申万宏源·2025-02-27 01:46Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company is expected to achieve a revenue of 1.457 billion yuan in 2024, representing a year-on-year growth of 18.87%, and a net profit attributable to shareholders of 138 million yuan, reflecting a growth of 28.85% [5][8] - The company's performance aligns with expectations, driven by strong growth in the optical inspection business and cost reduction strategies [8] Financial Data and Profit Forecast - Total revenue for 2023 is projected at 1.226 billion yuan, with a year-on-year growth rate of 4.5%. For 2024, the revenue is expected to reach 1.454 billion yuan, with a growth rate of 18.7% [7] - The net profit attributable to shareholders is forecasted to be 138 million yuan in 2024, with a growth rate of 28.5% [7] - The company maintains a gross profit margin of approximately 39.8% for 2024, with a projected return on equity (ROE) of 6.6% [7] - The earnings per share (EPS) is expected to be 1.45 yuan in 2024, increasing to 2.63 yuan by 2026 [7] Business Growth Drivers - The company has focused on the demand for laser precision processing in the consumer electronics sector, leading to significant revenue growth from laser and optical solutions [8] - The optical inspection business is progressing well, with multiple projects expected to contribute to revenue growth in the coming years [8] - The company is expanding into various industries, including photovoltaics and lithium batteries, which broadens its future growth potential [8]