数字赋能跨境电商，主营业务稳步增长

Investment Rating - The report maintains a "Buy" rating for the company [9] Core Views - The company achieved a revenue of 6.518 billion yuan in 2023, representing a year-on-year growth of 47.56%, and a net profit attributable to shareholders of 332 million yuan, up 53.08% year-on-year [9] - The cross-border e-commerce business continues to grow steadily, with significant performance from new business segments [9] - The company is focusing on a strategic layout of "one body and two wings," enhancing its product quality and brand influence [9] Financial Summary - Revenue projections for 2024-2026 are 8.497 billion yuan, 10.197 billion yuan, and 11.497 billion yuan respectively, with corresponding net profits of 431 million yuan, 509 million yuan, and 581 million yuan [3][9] - The gross profit margin for 2023 was 36.96%, with a return on equity (ROE) of 15.6% [3][9] - Earnings per share (EPS) are projected to be 1.49 yuan, 1.76 yuan, and 2.01 yuan for 2024, 2025, and 2026 respectively [3][9] Market Data - As of April 30, 2024, the closing price of the stock was 18.77 yuan, with a total share capital of 289.18 million shares [1]