China Bester (SH:603220) Minsheng Securities·2024-03-30 16:00Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for future performance [25]. Core Viewpoints - The company plans to invest 1 billion yuan in the construction of the "Qinghai Sanjiangyuan National Green Intelligent Computing Power Scheduling Platform Project," which is part of its strategy to accelerate computing power development [1][14]. - The company is actively responding to national calls for the development of computing power centers, with plans for multiple intelligent computing centers across various locations, including Qinghai and Inner Mongolia [6][22]. - The construction of the intelligent computing center is expected to enhance the company's core competitiveness by leveraging local policies on fixed asset investment and technology development [14]. Financial Forecast Summary - The company's projected revenue for 2024 is 2,643 million yuan, with a growth rate of 0.1% [15]. - The net profit attributable to the parent company is expected to reach 256 million yuan in 2024, reflecting a growth rate of 33.8% [15]. - The company's PE ratio is projected to decrease from 106 in 2024 to 37 in 2025, indicating improving valuation metrics [15][25]. - The report forecasts a steady increase in net profit from 191 million yuan in 2023 to 313 million yuan in 2025 [15][25].