业绩持续增长，看好长期发展

Investment Rating - The investment rating for the company is "Buy" (maintained) with a current price of 17.41 CNY and a target price of 22.36 CNY [2]. Core Insights - The company reported a revenue of 6.518 billion CNY for 2023, representing a year-on-year growth of 47.56%. The net profit attributable to shareholders was 332 million CNY, up 53.08% year-on-year [7]. - The company’s subsidiary, Yibai Network, achieved its performance commitment for 2023, with a revenue of 6.483 billion CNY, a 47.89% increase, and a net profit of 406 million CNY, a 40.62% increase [7]. - The e-commerce comprehensive service segment saw rapid growth, with revenue reaching 786 million CNY, a staggering 188.52% increase year-on-year [8]. - The company is expanding into emerging markets through new platforms, which is expected to benefit future growth [8]. - Revenue forecasts for 2024-2026 are projected at 8.243 billion CNY, 10.116 billion CNY, and 12.252 billion CNY, with corresponding growth rates of 26.47%, 22.73%, and 21.11% respectively [9]. Financial Data Summary - Total shares: 289.18 million, circulating shares: 144.30 million [2]. - Market capitalization: 2,512.29 million CNY [2]. - Earnings per share (EPS) for 2024 is projected at 1.49 CNY, with a three-year compound annual growth rate (CAGR) of 25% [9]. - The company’s asset-liability ratio stands at 34.46% [2]. - The highest and lowest stock prices in the past year were 33.54 CNY and 14.67 CNY respectively [2].