Investment Rating - The investment rating for the company is "Outperform" (maintained) [2] Core Views - The company is expected to achieve a revenue of 1.198 billion yuan in 2024, representing a year-on-year growth of 14.13%, with a net profit of 76 million yuan, up 21.43% [3] - The continuation of the "old-for-new" policy for home appliances in 2025 is anticipated to drive performance growth, alongside the expected mass production of new projects [3][4] - The company is actively expanding into non-home appliance sectors, with new projects such as commercial refrigerators and ecological planting boxes expected to commence production in the third quarter of 2025 [5] Financial Summary - The total revenue for 2022 was 919 million yuan, with projections of 1.049 billion yuan for 2023, 1.198 billion yuan for 2024, 1.312 billion yuan for 2025, and 1.477 billion yuan for 2026, indicating a compound annual growth rate [6][11] - The net profit for 2022 was 45 million yuan, projected to grow to 62 million yuan in 2023, 76 million yuan in 2024, 81 million yuan in 2025, and 94 million yuan in 2026 [6][11] - The company's earnings per share (EPS) are expected to be 0.84 yuan for 2024, 0.90 yuan for 2025, and 1.04 yuan for 2026, with corresponding price-to-earnings (P/E) ratios of 22.8, 21.2, and 18.4 respectively [3][6]
合肥高科：北交所信息更新：商用冰箱+生态种植箱预计2025年投产，2024年营收预告+14%-20250317