Investment Rating - The report maintains a "Buy" rating for the company [3] Core Views - The company is expected to achieve rapid revenue growth in 2024, with a projected revenue of 3.652 billion yuan, representing a year-on-year increase of 20.4%. The net profit attributable to shareholders is forecasted to be 282 million yuan, up 36.9% year-on-year [4] - The company is deepening its global layout, effectively mitigating trade risks. In 2024, the company's export and domestic sales are projected to be 2.535 billion yuan and 1.108 billion yuan, respectively, with year-on-year growth rates of 18.85% and 24.99% [2] - The company is expanding its robot components business, which is seen as a significant growth direction. A new actuator business center is planned to focus on key areas such as linear actuators and rotary modules [2] Financial Summary - The company achieved a revenue of 3.034 billion yuan in 2023, with a projected increase to 4.406 billion yuan in 2025, reflecting a growth rate of 20.7% [4] - The net profit attributable to shareholders is expected to rise from 206 million yuan in 2023 to 466 million yuan in 2025, indicating a growth rate of 65.1% [4] - The company's overall gross margin for 2024 is projected to be 29.57%, an increase of 0.41 percentage points year-on-year [2]
捷昌驱动（603583）：业绩增长强劲，全球化布局、机器人业务齐头并进