KSHG(605333) 开源证券·2024-09-06 00:03Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has achieved significant year-on-year revenue growth, with a 142.03% increase in H1 2024 revenue to 3.418 billion yuan and a 721.73% increase in net profit to 255 million yuan [4] - The company is actively seizing opportunities in the new energy vehicle sector, optimizing its customer structure, and enhancing its technological innovation and product development [4][5] - The company has established a strong presence among high-end global customers, including major automotive manufacturers, and has successfully launched several key projects [5] - The company is focused on product innovation, with a dedicated R&D team and new high-voltage connector products that are already being utilized by major clients [6] Financial Summary - For H1 2024, the company reported a revenue of 3.418 billion yuan, a net profit of 255 million yuan, and a net profit margin of 8.18% [4] - The company forecasts net profits of 470 million yuan, 619 million yuan, and 818 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 1.08 yuan, 1.42 yuan, and 1.87 yuan [4][8] - The company's P/E ratios for 2024, 2025, and 2026 are projected to be 23.0, 17.5, and 13.2 respectively [4][8]