优质内容助推业绩增长，期待储备片单释放

Investment Rating - The investment rating for the company is "Accumulate" [1][2][3] Core Views - The company is expected to experience significant revenue growth driven by high-quality content and a robust film slate, with projected revenues of 2.38 billion, 2.81 billion, and 3.20 billion for 2024, 2025, and 2026 respectively [1][2][3] - The net profit attributable to the parent company is forecasted to be 806.21 million, 957.06 million, and 1.09 billion for the same years [1][2][3] - The company is positioned as a leader in the domestic animation film industry, with a strong content reserve and an expanding product line [2][3] Financial Summary - Revenue for 2022 was 754.91 million, increasing to 1,545.63 million in 2023, with projections of 2,378.86 million for 2024, 2,810.35 million for 2025, and 3,195.55 million for 2026 [1][3] - The net profit attributable to the parent company was -712.89 million in 2022, turning positive to 417.81 million in 2023, and expected to reach 806.21 million in 2024, 957.06 million in 2025, and 1,092.87 million in 2026 [1][3] - Earnings per share (EPS) are projected to be 0.14 in 2023, increasing to 0.27 in 2024, 0.33 in 2025, and 0.37 in 2026 [1][2][3] Valuation Metrics - The price-to-earnings (P/E) ratio is expected to decrease from 67.69 in 2023 to 25.88 by 2026 [1][3] - The price-to-book (P/B) ratio is projected to decline from 3.26 in 2023 to 2.09 in 2026 [1][3] - The company’s total market capitalization is approximately 28.28 billion [1]