Damon(688360) 东方财富证券·2024-06-11 08:00Investment Rating - The report maintains a "Buy" rating for the company [19] Core Viewpoints - The company is positioned to benefit from the national push for clean energy transportation tools and the intelligent transformation of logistics facilities, which will drive demand in e-commerce, express logistics, and new energy sectors [20] - The company is a leading player in the domestic logistics equipment manufacturing industry, with significant growth potential in the market due to policy support for high-quality development in the logistics sector [18][20] - Revenue projections for the company are estimated at 1.87 billion, 2.10 billion, and 2.31 billion for the years 2024, 2025, and 2026 respectively, with net profits of 159.85 million, 194.20 million, and 230.27 million for the same years [6][20] Financial Summary - The company's revenue for 2023 is reported at 1.38 billion, with a projected growth rate of 34.92% for 2024 [6] - EBITDA is expected to increase from 142.34 million in 2023 to 214.92 million in 2024, indicating a positive trend in profitability [6] - The earnings per share (EPS) is projected to rise from 0.71 in 2023 to 0.85 in 2024, reflecting strong earnings growth [6] Market Context - The report highlights the ongoing expansion of the intelligent logistics sorting market in China, which is expected to grow to 63.06 billion by 2027, with a compound annual growth rate of 15.36% [18] - The government's action plan for large-scale equipment updates in transportation is expected to stimulate investment and consumption in the logistics sector [8][9]