Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - In 2024, the company achieved a revenue of 5.125 billion, representing a year-on-year growth of 2.9%. The net profit attributable to shareholders was 943 million, up 21.6% year-on-year, while the net profit excluding non-recurring items was 904 million, an increase of 21.9% [3][8]. - For Q1 2025, the company reported a revenue of 1.242 billion, a decline of 2.0% year-on-year, with a net profit of 224 million, reflecting a growth of 1.3% year-on-year [3][8]. Financial Performance Summary - The company’s revenue growth in 2024 was driven by a 3.9% increase in molded bottles, a 3.49% increase in brown bottles, a 4.97% increase in tubular bottles, and an 11.86% increase in rubber stoppers. The gross margin for the period was 31.7%, up 3.7 percentage points year-on-year, benefiting from a decline in raw material prices and an increase in the proportion of borosilicate glass products [8]. - The company maintained a low asset-liability ratio of 21.0% at the end of 2023, with a slight year-on-year increase of 1.9 percentage points. The proposed cash dividend for 2024 is 411 million, resulting in a historical high dividend payout ratio of 43.63% [8][14]. - The company expects stable growth in the borosilicate glass segment, with increased demand anticipated despite overall industry pressures. The company has completed the construction of two borosilicate glass production facilities and has put four kilns into operation [8][14]. Future Outlook - The company is projected to achieve revenues of 1.05 billion and 1.17 billion in 2025 and 2026, respectively, with corresponding price-to-earnings ratios of 14.0 and 12.6 times [8][14].

公开资料显示，东富龙是一家为全球制药企业提供制药工艺、核心装备、系统工程整体解决方案的综合 性制药装备服务商。东富龙经过31年的艰苦奋斗，已有超10,000台制药设备、药品制造系统服务于全球 50多个国家和地区的近3,000家全球知名制药企业，是国内制药装备行业的头部企业，是我国进口制药 装备实现国产替代的代表企业，是世界制药装备企业的重要成员之一。（全景网） 同时，面对复杂的内外部环境，公司管理层及全体员工坚定信心，围绕公司"系统化、国际化、数智 化"发展战略，立足公司2025年"提质增效"的主题，剖析了对公司未来业绩的关键驱动因素，并将围绕 以下重点方面开展工作：（1）发挥产品创新的技术优势，提升公司产品结合前沿技术的能力，进一步 打造产品的差异化竞争优势，做好为客户提供"泛服务"的能力，成为客户的合作伙伴，为赢取优质订单 奠定扎实基础；（2）加强公司组织的进化，开展团队发展与培训工作，学习利用数字化软件及工具为 工作赋能，提升工作产出的效率及质量。 分红方面，公司拟以总股本扣除回购专用证券账户后的股本760,848,039股为基数，向全体股东每10股派 发现金红利0.76元（含税），共计派发现金红利57 ...

4月2日，楚天科技今日收盘7.74元，上涨4.74%，最新市净率1.02，创14天以来新低，总市值45.69亿 元。 截至2024年三季报，共有32家机构持仓楚天科技，其中基金32家，合计持股数647.66万股，持股市值 0.44亿元。 楚天科技股份有限公司主营业务为制药装备的研发、设计、生产、销售和服务。主要产品为无菌制剂解 决方案及单机、检测包装解决方案及单机、生物工程解决方案及单机、固体制剂解决方案及单机、制药 用水装备及工程系统集成、EPC工程设计服务。公司已发展成为国内制药装备行业领军企业之一，同时 也成为了全球医药装备行业的知名企业之一。 最新一期业绩显示，2024年三季报，公司实现营业收入41.71亿元，同比-18.75%；净利润-187253063.9 元，同比-165.18%，销售毛利率25.94%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)13楚天科技-29.0214.411.0245.69亿行业平均 46.8850.714.88109.12亿行业中值33.6731.142.5548.71亿1硕世生物-1962.70-1962.701.2340.55亿2诺唯 赞-584.37 ...