三一重能：2024年业绩快报点评：业绩符合预期，订单创新高-20250303

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a 2024 performance forecast with total revenue expected to reach 18.1 billion yuan, representing a year-on-year increase of 21.1%. However, the net profit attributable to shareholders is projected to decline by 7.5% to 1.86 billion yuan [7] - The company is expanding its overseas footprint with the construction of a wind power equipment factory in Kazakhstan, with a total investment of 114 million USD, expected to be completed by the end of 2025 [7] - Due to lower-than-expected scale of wind farm transfers, the earnings forecast for 2024-2026 has been adjusted downwards, with net profits projected at 1.88 billion, 2.39 billion, and 2.74 billion yuan respectively [7] Financial Summary - Total revenue for 2022 was 12.33 billion yuan, with a year-on-year growth of 20.89%. For 2023, it is expected to be 14.94 billion yuan, a growth of 21.21% [1] - The net profit attributable to shareholders for 2022 was 1.65 billion yuan, with a growth of 2.78%. The forecast for 2023 is 2.01 billion yuan, reflecting a growth of 21.78% [1] - The latest diluted EPS for 2023 is projected at 1.64 yuan per share, with a P/E ratio of 16.82 [1][8]