Hiconics(SZ:300048) ZHONGTAI SECURITIES·2024-05-06 03:09Investment Rating - The report assigns a rating of "Buy" for the company, indicating a positive outlook for future performance [4]. Core Views - The company is expected to experience significant revenue growth, with projections of 1,491 million in 2023, increasing to 3,858 million in 2024, representing a year-over-year growth of 158.7% [4]. - The earnings per share (EPS) is forecasted to improve from -0.20 in 2023 to 0.24 by 2026, reflecting a strong recovery trajectory [4]. - The report highlights a substantial increase in operating profit, with expectations of moving from -220 million in 2023 to 271 million in 2026, indicating a turnaround in profitability [4]. Financial Summary - Revenue is projected to grow from 1,424 million in 2022 to 5,917 million by 2026, with a compound annual growth rate (CAGR) of approximately 28.0% from 2024 to 2026 [4]. - The company is expected to achieve a positive operating margin of 12% by 2026, up from a negative margin in 2023 [4]. - The price-to-earnings (P/E) ratio is anticipated to decrease from -26.9 in 2023 to 21.9 by 2026, suggesting improved valuation as earnings recover [4].