国内外齐头并进，经营业绩高质量发展

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expectation of strong performance relative to the market over the next six months [1][6][9]. Core Views - The company has demonstrated robust revenue growth, with 2023 revenue reaching 34.93 billion yuan, a year-on-year increase of 15.04%. The net profit for the same year was 11.58 billion yuan, reflecting a growth of 20.56% [4][5]. - The company is experiencing strong growth in both domestic and international markets, with domestic revenue at 21.38 billion yuan (up 14.5%) and international revenue at 13.55 billion yuan (up 15.8%) in 2023 [5][6]. - The company is expected to continue its growth trajectory, with projected revenues of 42.12 billion yuan in 2024, representing a year-on-year increase of 20.6% [4][8]. Financial Summary - The company reported a gross margin of 66.2% in 2023, with a net profit margin of 33.2% [4][7]. - Earnings per share (EPS) for 2023 was 9.55 yuan, with projections of 11.57 yuan for 2024, 13.93 yuan for 2025, and 16.77 yuan for 2026 [4][8]. - The company's total assets were valued at 47.94 billion yuan in 2023, with a debt-to-asset ratio of 30.4% [8].