业绩稳步增长，下游持续景气

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market [30][34]. Core Insights - The company has shown steady revenue growth, with a reported revenue of 456 million yuan in 2023, representing a year-on-year increase of 26.89%. The net profit attributable to shareholders was 84 million yuan, up 25.59% year-on-year [29]. - The company is benefiting from the ongoing high demand in the renewable energy sector, particularly in power prediction services, as the number of serviced power plants has increased to 3,590, with a net addition of 632 plants in 2023 [4][30]. - The report highlights the company's strategic positioning in the evolving electricity market, with new business opportunities arising from the transition to a market-oriented power system [13][30]. Financial Summary - The company's total revenue is projected to reach 573 million yuan in 2024, with a year-on-year growth rate of 25.7%. The net profit is expected to be 107 million yuan, reflecting a growth rate of 27.2% [22]. - The gross margin for the core business is expected to remain strong, with a forecasted gross margin of 67.0% for 2024 [22]. - The report anticipates continued growth in revenue and net profit through 2026, with projected figures of 858 million yuan in revenue and 171 million yuan in net profit [22][30].