国能日新（301162）：24Q4业绩亮眼，把握新能源全面入市的产业化趋势

Investment Rating - The investment rating for the company is "Buy" [7] Core Views - The company reported a strong performance in Q4 2024, with a revenue of 1.85 billion yuan, up 25.42% year-on-year, and a net profit of 0.40 billion yuan, up 24.52% year-on-year [2] - The company's revenue for the full year 2024 is projected to be 5.50 billion yuan, representing a year-on-year growth of 20.50% [1] - The growth foundation is supported by the power prediction business, which is expected to continue driving revenue growth [5] Financial Performance - In Q4 2024, the company's net profit attributable to the parent company reached 0.40 billion yuan, with a year-on-year increase of 24.52% [2] - The company's annual net profit for 2024 is expected to be 0.94 billion yuan, reflecting an 11.09% increase compared to the previous year [1] - The company’s revenue from power prediction products in 2024 is expected to be 3.09 billion yuan, up 15.55% year-on-year [3] Business Growth Drivers - The company is benefiting from the ongoing electricity reform process, which is expected to release continuous demand for power trading [4] - The number of service stations has increased significantly, with a year-on-year growth of 21.03%, reaching 4,345 by the end of 2024 [3] - The company is actively promoting innovative product lines, achieving a revenue of 30.81 million yuan in 2024, which is a 23.93% increase year-on-year [4] Profit Forecast - The forecast for net profit attributable to the parent company for 2025-2027 is 1.20 billion yuan, 1.50 billion yuan, and 1.90 billion yuan, respectively, with year-on-year growth rates of 29%, 26%, and 26% [5]