Investment Rating - The investment rating for the company is "Accumulate" (首次) [5] Core Views - The company is recognized as a national-level "single champion" in ventilation and cooling systems, with expected revenue growth of 4% in 2024. The main business includes research, production, and sales of high-end ventilation equipment for rail transit, energy, marine engineering, and other specialized industrial applications [6][7] - The company anticipates achieving a revenue of 529 million yuan in 2024, with a year-on-year growth of 4.06%, and a net profit attributable to shareholders of 54.55 million yuan [6][7] - Significant growth is expected in the first half of 2024 for rail transit and marine engineering fans, with a notable increase in orders in the nuclear power sector [6][7] Summary by Sections Market Performance - The closing price is 25.60 yuan, with a market capitalization of 1,879.04 million yuan and a circulating market value of 952.59 million yuan [3] Financial Data - The company’s total assets are projected to reach 837 million yuan by 2025, with a debt ratio of 36.61% and a net asset value per share of 6.27 yuan [3][10] Revenue and Profit Forecast - Revenue is expected to grow from 508 million yuan in 2023 to 739 million yuan in 2026, with corresponding net profits of 61 million yuan in 2023 and 78 million yuan in 2026 [8][10] - The projected earnings per share (EPS) are 0.74 yuan for 2024, increasing to 1.07 yuan by 2026 [7][8] Business Opportunities - The company is benefiting from government policies promoting the replacement of old equipment in the shipping and rail sectors, which is expected to enhance its market penetration [6] - The establishment of a subsidiary in Mexico aims to expand services in the European and North American markets, enhancing international competitiveness [6] Research and Development - The company has developed new products such as the ECL630-1 centrifugal fan for data centers, which has been recognized for its energy efficiency [6][7]
克莱特（831689）：通风冷却系统国家级“单项冠军”，新能源、轨交及海洋工程等领域高景气