Investment Rating - The investment rating for the company is "Outperform" (maintained) [1][3] Core Views - The company is expected to achieve a net profit attributable to shareholders of 56.8 million yuan in 2024, representing a year-on-year growth of 46.02%. Revenue is projected to reach 282 million yuan, a 13.22% increase compared to the previous year [3] - The company is progressing well with its fundraising expansion projects, having invested 2,146.41 million yuan out of a planned 3,800 million yuan for equipment monitoring system development, which is 56.48% of the total investment [4] - The establishment of a wholly-owned subsidiary to enter the fields of unmanned delivery and automatic inspection is expected to enhance the company's growth prospects [4] Financial Summary - Revenue is projected to grow from 249 million yuan in 2023 to 282 million yuan in 2024, with a year-on-year growth rate of 13.3% [6] - The net profit attributable to shareholders is expected to increase from 39 million yuan in 2023 to 57 million yuan in 2024, reflecting a growth rate of 45.5% [6] - The company's gross margin is anticipated to improve from 44.7% in 2023 to 47.7% in 2024 [6] - Earnings per share (EPS) is forecasted to rise from 0.28 yuan in 2023 to 0.41 yuan in 2024 [6] Market Context - The transportation equipment sector is experiencing a significant update, driven by government initiatives aimed at replacing outdated equipment, particularly in the railway sector [5] - The company leverages its strong research capabilities backed by Tongji University to commercialize its technological advancements [5]
铁大科技（872541）：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%