2023年业绩快报点评：营收稳步增长，扣非归母净利润翻倍

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 21.33 yuan, compared to the current price of 16.10 yuan [1][5][15]. Core Insights - The company achieved a revenue growth of 16.3% year-on-year in 2023, despite a challenging environment in the environmental monitoring industry [1][15]. - The company's net profit attributable to the parent company decreased by 12.46% year-on-year to 42.85 million yuan, primarily due to the impact of government subsidies and tax accounting treatments [1][15]. - The company has been actively repurchasing shares, having bought back 5.3682 million shares, which is 4% of its total share capital, nearing its buyback limit of 100 million yuan [1][15]. Financial Performance Summary - Revenue for 2023 is projected at approximately 786 million yuan, with expected growth rates of 16.4% in 2023, 36.3% in 2024, and 34.2% in 2025 [1][16]. - The net profit for 2024 is forecasted to be 100 million yuan, reflecting a significant increase of 137.1% compared to 2023 [1][16]. - The report provides a detailed financial forecast, indicating a steady increase in both revenue and net profit over the next few years [1][16].