Weaver Network(SH:603039) SINOLINK SECURITIES·2024-03-28 16:00Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Insights - The company reported a revenue of 2.39 billion RMB in 2023, reflecting a year-on-year growth of 2.6%. The net profit attributable to shareholders after deducting non-recurring items was 150 million RMB, showing a significant increase of 20.2% [7] - The company aims to expand its market presence with strategies focused on increasing service teams and enhancing product applications, while also targeting overseas markets [10] - Future revenue projections for 2024 to 2026 are estimated at 2.59 billion, 2.82 billion, and 3.06 billion RMB, respectively, with growth rates of 8.4%, 8.6%, and 8.7% [11] Financial Summary - Revenue (in million RMB): - 2022: 2,331 - 2023: 2,393 - 2024E: 2,594 - 2025E: 2,817 - 2026E: 3,062 - Net Profit (in million RMB): - 2022: 223 - 2023: 179 - 2024E: 189 - 2025E: 199 - 2026E: 212 - Earnings Per Share (in RMB): - 2022: 0.857 - 2023: 0.686 - 2024E: 0.725 - 2025E: 0.765 - 2026E: 0.812 - Price-to-Earnings (P/E) Ratio: - 2022: 58.83 - 2023: 68.40 - 2024E: 53.78 - 2025E: 50.97 - 2026E: 48.02 [5][11]