Focus Tech.(SZ:002315) GF SECURITIES·2024-04-26 06:32Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 46.37 CNY per share, indicating a potential upside from the current price of 32.45 CNY [3][2]. Core Insights - The company is expected to achieve revenue of 18.0 billion CNY in 2024, with a year-on-year growth of 17.9%. The projected net profit for 2024 is 4.9 billion CNY, reflecting a growth of 29.2% [2][4]. - The paid membership for China Manufacturing Network has returned to a growth trajectory, with an increase of 644 members year-on-year in Q1 2024 [5]. - The AI technology is anticipated to enhance monetization efficiency in 2024, with capabilities for comprehensive foreign trade process coverage [5]. Financial Summary - Revenue is projected to grow from 15.27 billion CNY in 2023 to 18.00 billion CNY in 2024, representing a growth rate of 17.9% [6]. - The net profit is expected to increase from 379 million CNY in 2023 to 490 million CNY in 2024, with a growth rate of 29.2% [6]. - The EBITDA is forecasted to rise from 410 million CNY in 2023 to 578 million CNY in 2024, indicating a significant increase in operational profitability [6].