OPTOWIDE(688195) Guotai Junan Securities·2024-03-31 16:00Group 1 - Investment Rating: "Accumulate" with a target price of 33.00, down from the previous forecast of 41.40, while the current price is 25.36 [2][9] - Core Viewpoint: The company's performance slightly underperformed expectations due to a temporary slowdown in downstream demand and increased R&D investment, but it continues to extend its product line and explore new growth opportunities [9][10] Group 2 - Financial Performance: In 2023, the company achieved operating revenue of 3.40 billion, a year-on-year decrease of 1.29%, with a net profit of 0.36 billion, down 24.14% year-on-year [9][26] - Earnings Forecast: The projected EPS for 2024 is 0.82, with a further increase to 0.98 in 2026, reflecting growth potential in optical modules and semiconductor equipment [9][26] - Profitability Trends: The EBIT margin is expected to improve from 10.7% in 2023 to 17.0% in 2024, indicating a recovery in operational efficiency [9][26]