公司事件点评报告：2023年利润大幅提升，存储测试设备静待花开

Investment Rating - The report assigns an "Accumulate" rating for the company, marking it as the first coverage [10]. Core Insights - The company achieved a significant increase in revenue and profit in 2023, with total operating income reaching 648.56 million yuan, a year-on-year growth of 28.53%. The net profit attributable to the parent company was 116.76 million yuan, up 76.73% year-on-year [10][26]. - The growth in revenue and profit is primarily driven by the market acceptance of new display testing equipment and semiconductor storage device testing equipment, leading to a rapid expansion in sales [10][26]. - The company is well-positioned in the display testing equipment market, benefiting from the continuous growth in demand for OLED panels and the expansion of panel manufacturers' capacities [10][11]. - The company has made significant breakthroughs in expanding its storage client base and is investing in high-platinum technology to enhance its core competitiveness in semiconductor storage testing [11][26]. Financial Forecast - The company is projected to achieve revenues of 649 million yuan in 2023, 930 million yuan in 2024, and 1.223 billion yuan in 2025, with corresponding EPS of 1.24 yuan, 1.80 yuan, and 2.49 yuan respectively [26][27]. - The net profit attributable to the parent company is expected to grow from 117 million yuan in 2023 to 234 million yuan in 2025, reflecting a growth rate of 76.6% in 2023 and 44.9% in 2024 [27]. - The report highlights a strong outlook for the company, driven by increasing global storage demand and rising DRAM chip prices, which are expected to boost the demand for upstream storage testing equipment [26][27].