业绩维持较快增长，募投项目稳步推进

Investment Rating - The investment rating for the company is "Buy" and is maintained [2][21] Core Views - The company has maintained rapid growth in performance, with a revenue of 2.494 billion yuan in 2023, representing a year-on-year increase of 32.90%, and a net profit attributable to the parent company of 814.52 million yuan, up 30.39% year-on-year [20] - The company is expanding its business through the establishment of new subsidiaries in Shenyang, Chengdu, and Shanghai, which will enhance its strategic development in the aircraft industry [7][20] - The company is actively investing in projects, with construction projects amounting to 355 million yuan at the end of 2023, a 92% increase from the beginning of the year, which is expected to enhance its overall integrated capabilities and product structure [7][20] Financial Performance and Forecast - The company is projected to achieve revenues of 3.227 billion yuan, 4.180 billion yuan, and 5.419 billion yuan for the years 2024, 2025, and 2026, respectively, with growth rates of 29.40%, 29.54%, and 29.64% [11][21] - The net profit attributable to the parent company is expected to be 1.010 billion yuan, 1.244 billion yuan, and 1.527 billion yuan for the years 2024, 2025, and 2026, reflecting growth rates of 24%, 23%, and 23% [21] - The earnings per share (EPS) are projected to be 1.83 yuan, 2.26 yuan, and 2.78 yuan for the years 2024, 2025, and 2026, with corresponding price-to-earnings (P/E) ratios of 12.98, 10.53, and 8.58 [11][21]