ZPH(SZ:000507) Tai Ping Yang·2024-05-21 04:02Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance in the next six months [2]. Core Insights - The company is well-positioned with a dual business model focusing on port logistics and renewable energy, which enhances its sustainable development capabilities [2][20]. - In the port logistics sector, the company achieved a revenue of 2.56 billion, with a gross profit of 530 million and a gross margin of 20.8%. The container throughput increased by 81% year-on-year [20]. - In the renewable energy sector, the company generated a revenue of 2.36 billion, with a gross profit of 680 million and a gross margin of 28.7%. Wind power generation slightly decreased by 2% year-on-year, while solar power capacity reached 45.78 MW [20]. Financial Summary - The company reported total revenue of 5.456 billion for the year, a year-on-year increase of 3.92%. The net profit attributable to shareholders was 277 million, a decrease of 9.57% compared to the previous year [20]. - For Q1 2024, the company achieved a revenue of 1.338 billion, reflecting a year-on-year increase of 6.29%, while the net profit was 57 million, down 6.19% year-on-year [20]. - The earnings per share for 2023 were 0.24 yuan, with a proposed cash dividend of 0.012 yuan per share [20].