Investment Rating - The investment rating for the company is "Buy" (maintained) [2][4] Core Views - The company's 2024 performance is expected to show significant growth, with a projected 64% year-on-year increase in net profit attributed to rising sales of konjac powder and snacks [4][5] - The company is expanding its product applications in the konjac sector, particularly in the snack food market, which has seen a 166.77% increase in sales year-on-year for konjac snacks in 2024 [5] - The company is progressing with its 80,000-ton konjac ball project, with plans for equipment commissioning and production by 2025 [5] Financial Summary - The company's revenue for 2024 is projected to be 617 million yuan, a 28.8% increase from 2023, with net profit expected to reach 87 million yuan, reflecting a 64.4% increase [7][12] - The gross margin is expected to stabilize around 24% in 2024, while the net margin is projected to be 14.1% [12] - Earnings per share (EPS) are forecasted to be 1.18 yuan in 2024, with a price-to-earnings (P/E) ratio of 23.9 [7][12] Market Dynamics - The market demand for konjac products is increasing, driven by consumer recognition and the expansion of application areas [5][6] - The price of fresh konjac is projected to be around 7,600 yuan per ton in December 2024, with a favorable economic return from konjac farming [6] - The company has secured stable orders from leading brands and is actively seeking to expand its customer base [5]
一致魔芋：北交所信息更新：休闲食品需求放量+魔芋粉量价齐升，2024年归母净利润同比增64%-20250302