华纬科技：业绩创单季新高，增长潜力持续释放

Investment Rating - The report maintains a "Buy" rating for the company [1][5][12] Core Insights - The company achieved a record high in quarterly performance, with Q3 revenue reaching 527 million yuan, a year-on-year increase of 53.37% and a quarter-on-quarter increase of 31.41% [3][4] - The company has established strong partnerships with well-known domestic automotive brands and suppliers, which supports steady revenue growth [2][5] - The company is actively expanding its production capacity and exploring overseas markets, with significant investments planned for new projects [5] Financial Performance Summary - For 2022, the company reported revenue of 890 million yuan, with a year-on-year growth rate of 24% [1] - The forecast for 2024 revenue is 1.725 billion yuan, reflecting a growth rate of 39% [1] - The net profit attributable to the parent company for 2022 was 113 million yuan, with a year-on-year growth of 82% [1] - The projected net profit for 2024 is 228 million yuan, indicating a growth rate of 39% [1] - The earnings per share (EPS) for 2024 is estimated at 1.25 yuan, with a projected increase to 1.79 yuan by 2026 [1][11] Customer and Market Position - The company has a robust customer base, including major automotive manufacturers such as BYD, Geely, and NIO, which enhances its market position [2][5] - The company is focusing on expanding its production capabilities for new energy vehicle components and robotics, with a total planned investment of 2.5 billion yuan for new projects [5]