并购扩大主业规模，业绩同比提升

Investment Rating - The report maintains a "Buy" rating for the company [25]. Core Insights - In 2023, the company achieved a revenue of 1.547 billion RMB, representing a year-on-year growth of 22.5%, and a net profit attributable to shareholders of 296 million RMB, up 32.0% year-on-year [1][13]. - The company continues to pursue a merger and acquisition strategy, which has contributed to revenue growth and operational capacity expansion [13]. - The gross profit margin increased to 57.65%, with a net profit margin of 19.15%, reflecting improved operational efficiency [13]. Summary by Relevant Sections Financial Performance - Revenue for 2023 was 1,547 million RMB, with a growth rate of 22.48% compared to 2022 [2][3]. - Net profit attributable to shareholders was 296 million RMB, with a growth rate of 32.49% [2][3]. - The diluted earnings per share for 2023 was 0.645 RMB, with a projected increase to 0.852 RMB in 2024 [2][3]. Operational Highlights - The company’s operational tank capacity reached 5.0031 million cubic meters by the end of 2023, a year-on-year increase of 14.1% [13]. - The comprehensive service business for terminal storage tanks generated revenue of 1.367 billion RMB, up 22.96% year-on-year [13]. Future Outlook - The company plans to continue its focus on mergers and acquisitions to drive growth and expand its core business [13]. - Profit forecasts for 2024 and 2025 have been adjusted to 390 million RMB and 470 million RMB, respectively, with a new estimate for 2026 at 580 million RMB [13].