TJSMW(600577) 浙商证券·2024-12-04 00:23Investment Rating - The investment rating for the company is "Buy" [5][8] Core Views - The company, Jingda Co., Ltd. (精达股份), is actively involved in the high-temperature superconducting materials sector through its subsidiary Shanghai Superconductor, which has applied for listing guidance [2] - Shanghai Superconductor is recognized as a global leader in the superconducting field, with its products widely used in cutting-edge technologies such as controlled nuclear fusion and superconducting electricity [3] - The company has participated in several "world-first" projects and is expanding its production capacity to meet growing demand in both domestic and international markets [4] Financial Summary - Projected revenues for 2024, 2025, and 2026 are estimated at 21.038 billion, 23.590 billion, and 26.123 billion respectively, with year-over-year growth rates of 17.5%, 12.1%, and 10.7% [5] - Expected net profits for the same years are 558 million, 668 million, and 774 million, reflecting year-over-year growth of 30.8%, 19.7%, and 16.0% [5] - Earnings per share (EPS) are forecasted to be 0.26, 0.32, and 0.37 yuan, with corresponding price-to-earnings (P/E) ratios of 24.27, 20.28, and 17.48 [5] Company Overview - Jingda Co., Ltd. holds an 18.29% stake in Shanghai Superconductor, which is a key player in the high-temperature superconducting materials market [2] - The company has established strong partnerships with various domestic and international organizations, enhancing its market presence and technological capabilities [4]