Investment Rating - The report maintains a "Buy" rating for the company, indicating a favorable outlook based on current valuation levels [3]. Core Insights - The company's net profit forecasts for 2024-2026 are projected to be 2.938 billion, 3.182 billion, and 3.505 billion respectively, with a current price-to-earnings (PE) ratio of 6.0, 5.5, and 4.9 for the same years, suggesting a low valuation compared to peers [3][4]. - The recent increase in shareholding by China Great Wall Life Insurance Company, which now holds 5.08% of the company, reflects a recognition of the company's long-term value by state-owned insurance capital [5]. - The company is positioned as a key platform for the Datang Group's renewable energy initiatives, with a focus on high-quality wind resources in the northern regions of China [5][6]. Financial Data Summary - As of March 31, 2024, the company has total assets of 104.9 billion and net assets of 38.245 billion, with a price-to-book (PB) ratio of 0.71, indicating a low valuation compared to industry peers [2][4]. - The total revenue for 2024 is estimated at 12.88 billion, with a year-on-year growth rate of 0.6%, while the return on equity (ROE) is projected to be 8.67% [4].
大唐新能源：获国有险资增持举牌 股价处于深度价值区间