国能日新（301162）：2024年年报点评：业绩保持稳健增长，创新业务发展值得期待

Investment Rating - The report maintains a "Buy" rating for the company, indicating a favorable outlook for investment returns over the next 6-12 months [4][6]. Core Insights - The company achieved a revenue of 550 million yuan in 2024, representing a year-on-year growth of 20.5%, and a net profit of 94 million yuan, up 11.09% year-on-year [1]. - The company has seen a significant increase in the number of power prediction service stations, with a net addition of 755 stations in 2024, bringing the total to 4,345 stations by the end of the year [1]. - The company's innovative product revenue grew by 23.93% to 30.81 million yuan in 2024, driven by advancements in power prediction and energy management systems [3]. Summary by Sections Financial Performance - In 2024, the company reported a revenue of 550 million yuan, with a growth rate of 20.5% compared to 2023. The net profit for the same year was 94 million yuan, reflecting an 11.09% increase [5]. - The fourth quarter of 2024 saw a revenue of 185 million yuan, marking a 25.42% year-on-year increase, and a net profit of 40 million yuan, which is up 24.52% year-on-year and 118.09% quarter-on-quarter [1]. Business Development - The company has maintained its leading position in the power prediction service sector, achieving a 20.37% increase in service fee revenue to 193 million yuan in 2024 [1]. - The distributed grid integration terminal products have seen a revenue increase of 28.01% to 12.4 million yuan, driven by enhanced functionality and market expansion [2]. - The company is actively developing innovative business areas such as electricity trading, energy storage, and virtual power plants, with a focus on expanding its market presence [3]. Future Outlook - The company is expected to continue its growth trajectory, with projected net profits of 124 million yuan, 154 million yuan, and 194 million yuan for 2025, 2026, and 2027 respectively [5]. - The report anticipates that the company's core capabilities in meteorology and algorithms will support its growth in the power prediction market, especially as the renewable energy installation scale continues to rise in China [4].