RHI(SZ:002483) ZHONGTAI SECURITIES·2024-04-02 16:00Investment Rating - The report assigns a rating of "Buy" for the company, indicating a positive outlook for future performance [12]. Core Insights - The company is projected to experience significant revenue growth, with estimates increasing from 5,174 million in 2022 to 12,848 million by 2026, reflecting a compound annual growth rate (CAGR) of approximately 19% [12]. - The earnings per share (EPS) is expected to rise from 0.06 in 2024 to 0.61 in 2026, showcasing a strong upward trend [12]. - The price-to-earnings (P/E) ratio is forecasted to decrease from 75.9 in 2024 to 7.8 in 2026, suggesting improved profitability and valuation attractiveness over time [12]. - The company is anticipated to maintain a healthy return on equity (ROE), projected to increase from 1.3% in 2024 to 9.0% in 2026 [12]. Financial Summary - Revenue projections for the upcoming years are as follows: 7,183 million in 2023, 8,750 million in 2024, 10,778 million in 2025, and 12,848 million in 2026, indicating a robust growth trajectory [12]. - The net income is expected to grow significantly, with estimates of 1,520 million in 2024 and reaching 2,232 million by 2026 [12]. - The company's operating margin is projected to improve from 68.5% in 2023 to 64.3% in 2026, reflecting operational efficiency [12].