Arctech Solar(688408) 东吴证券·2025-01-24 08:23Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company has a robust order backlog and is expected to maintain high production levels, with a projected net profit of approximately 635 million for 2024, representing an 84% year-on-year increase [8] - The company is experiencing strong demand in overseas markets, particularly in the Middle East and India, which is expected to support continued growth [8] - The establishment of localized production capacity in Saudi Arabia is anticipated to enhance the company's competitive advantage in the region [8] Financial Summary - Total revenue is forecasted to grow from 6,390 million in 2023 to 8,158 million in 2024, reflecting a year-on-year increase of 27.67% [1] - The net profit attributable to the parent company is expected to rise from 345 million in 2023 to 635 million in 2024, marking an 84.16% increase [1] - The earnings per share (EPS) is projected to increase from 1.58 in 2023 to 2.91 in 2024 [1] - The company’s price-to-earnings (P/E) ratio is expected to decrease from 38.48 in 2023 to 20.89 in 2024 [1]