ZYNP(SZ:002448) Dongxing Securities·2024-06-07 10:30Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for its stock performance relative to the market benchmark [22][23][31]. Core Insights - The company has established a strategic partnership with GKN to collaborate on solid-state hydrogen storage systems, enhancing its position in the hydrogen energy sector [9][10][21]. - The company is diversifying its business model by expanding into new areas such as steel pistons, electronic control actuators, and composite brake drums, which are expected to contribute significantly to revenue growth [22]. - The hydrogen energy business is anticipated to become a new growth curve for the company, benefiting from supportive policies and the rapid development of the hydrogen industry [10][22]. Financial Summary - Revenue projections show an increase from 2,301.57 million in 2022 to 4,230.50 million by 2026, with a compound annual growth rate (CAGR) of approximately 12.90% [25]. - The net profit attributable to the parent company is expected to rise from 167.18 million in 2022 to 484.76 million by 2026, reflecting a strong growth trajectory [25]. - Earnings per share (EPS) are projected to grow from 0.28 in 2022 to 0.82 by 2026, indicating improved profitability [25].