YanKershop(002847) 中邮证券·2024-07-14 14:00Investment Rating - The investment rating for the company is "Buy" and is maintained [10] Core Insights - The company is expected to achieve revenue of 2.4 to 2.5 billion yuan in the first half of 2024, representing a year-on-year increase of 26.72% to 32% [12] - The forecasted net profit attributable to shareholders for the same period is estimated to be 310 to 330 million yuan, an increase of 26.18% to 34.32% year-on-year [12] - The company has announced a mid-year dividend plan, proposing a cash dividend of 6 yuan per 10 shares, indicating confidence in long-term development [12] Financial Performance Summary - The company reported a revenue of 4.115 billion yuan in 2023, with projections of 5.223 billion yuan, 6.528 billion yuan, and 7.911 billion yuan for 2024, 2025, and 2026 respectively, reflecting growth rates of 42.22%, 26.91%, 24.99%, and 21.19% [15] - The net profit attributable to shareholders for 2023 was 506 million yuan, with forecasts of 635 million yuan, 831 million yuan, and 1.008 billion yuan for the following three years, showing growth rates of 67.76%, 25.59%, 30.82%, and 21.32% [15] - The earnings per share (EPS) are projected to be 1.84 yuan for 2023, increasing to 2.31 yuan, 3.03 yuan, and 3.67 yuan for the subsequent years [15] Market Position and Shareholder Actions - The company has a total market capitalization of 11.2 billion yuan and a circulating market capitalization of 10.1 billion yuan [5] - The largest shareholder is Hunan Yanjinpuzi Holdings Co., Ltd. [9] - The company plans to repurchase shares with a budget of 50 to 70 million yuan at a price not exceeding 68 yuan per share, reflecting a commitment to shareholder value [12]