Investment Rating - The investment rating for the company is "Outperform" (maintained) [3] Core Views - The company is expected to achieve a year-on-year growth of 46.02% in net profit attributable to the parent company for 2024, with projected revenues of 282 million yuan, reflecting a 13.22% increase [3] - The company is advancing its fundraising projects and has established a subsidiary to enter the fields of unmanned delivery and automatic inspection, which is expected to enhance its growth prospects [4] - The company benefits from strong research capabilities backed by Tongji University, particularly in the context of a national push for large-scale equipment updates in the transportation sector [5] Financial Summary - Revenue is projected to grow from 249 million yuan in 2023 to 282 million yuan in 2024, with a compound annual growth rate (CAGR) of 13.3% [6] - Net profit attributable to the parent company is expected to increase from 39 million yuan in 2023 to 57 million yuan in 2024, representing a growth rate of 45.5% [6] - The gross margin is forecasted to improve from 44.7% in 2023 to 47.7% in 2024, while the net margin is expected to rise from 15.6% to 20.1% [6] - Earnings per share (EPS) are projected to increase from 0.28 yuan in 2023 to 0.41 yuan in 2024 [6] Investment Projects - The company has invested 21.46 million yuan out of a planned 38 million yuan for equipment monitoring system development, achieving a progress rate of 56.48% [4] - A new product development and industrialization project has seen an investment of 8.58 million yuan out of a planned 25.64 million yuan, with a progress rate of 33.47% [4]
铁大科技：北交所信息更新：募投扩产项目投入进度过半，预计2024归母净利润+46.02%-20250311