Sharetronic(SZ:300857) East Money Securities·2024-03-27 16:00Investment Rating - The report maintains a "Buy" rating for the company [2][10]. Core Insights - The company achieved strong growth in 2023, with revenue reaching 4.658 billion yuan, a year-on-year increase of 47.95%, and a net profit attributable to shareholders of 287 million yuan, up 119.46% [7][10]. - The storage market is recovering, driven by AI demand, with significant price increases expected in 2024 [7][10]. - The company is strategically positioning itself in the server remanufacturing business, anticipating increased demand from cloud service providers [7][10]. Financial Summary - Revenue and Profit Growth: - 2023 revenue: 4.658 billion yuan, 2024 forecast: 6.242 billion yuan, 2025 forecast: 7.592 billion yuan, 2026 forecast: 9.002 billion yuan [20]. - 2023 net profit: 287 million yuan, 2024 forecast: 465 million yuan, 2025 forecast: 574 million yuan, 2026 forecast: 690 million yuan [20]. - Earnings Per Share (EPS): - 2023 EPS: 1.23 yuan, 2024 forecast: 1.91 yuan, 2025 forecast: 2.36 yuan, 2026 forecast: 2.83 yuan [20]. - Valuation Ratios: - 2023 P/E: 43.08, 2024 forecast: 30.03, 2025 forecast: 24.33, 2026 forecast: 20.25 [20]. - 2023 P/B: 5.33, 2024 forecast: 4.90, 2025 forecast: 4.15, 2026 forecast: 3.51 [20].