Riyue HI(SH:603218) Soochow Securities·2025-05-04 07:13Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown significant revenue growth in Q1, with a year-on-year increase of 86.4% [7] - The company is expected to reach a profit turning point due to the ongoing development and transfer of wind farms, which will contribute to investment returns in the next 2-3 years [7] - The forecast for net profit attributable to shareholders is adjusted upwards for 2025 and 2026, with expected figures of 900 million and 1.06 billion respectively, reflecting a year-on-year growth of 45% and 16.7% [7] Financial Summary - Total revenue for 2024 is projected at 4.696 billion, with a year-on-year growth of 0.87% [1] - Net profit attributable to shareholders for 2024 is forecasted at 623.81 million, representing a year-on-year increase of 29.55% [1] - The earnings per share (EPS) for 2024 is estimated at 0.61 yuan, with a price-to-earnings (P/E) ratio of 19.64 [1] - The company’s gross margin for 2024 is expected to be 17.34%, with a net profit margin of 13.28% [8] - The company’s total assets are projected to reach 13.679 billion by 2024, with total liabilities of 3.461 billion [8]