Investment Rating - The investment rating for the company is "Buy" (maintained) [1][2] Core Insights - The company, Naconoer, is expected to achieve a net profit attributable to shareholders of 164 million yuan in 2024, representing a year-on-year growth of 32.09%. The revenue for the same period is projected to be 1.054 billion yuan, an increase of 11.42% year-on-year [2][33] - Naconoer has secured a significant order worth 235 million yuan from a leading domestic client, focusing on the development of solid-state battery production equipment [3][33] - The company is actively adjusting its fundraising projects to concentrate on research and development of solid-state batteries, enhancing its capabilities in this emerging field [34][36] Summary by Sections Financial Performance - In 2024, Naconoer is projected to achieve a revenue of 1.054 billion yuan, with a year-on-year growth of 11.42%. The total profit is expected to be 190 million yuan, reflecting a growth of 34.70%, and the net profit attributable to shareholders is forecasted at 164 million yuan, up 32.09% [2][33] - The earnings per share (EPS) for 2024-2026 are estimated to be 1.47, 1.98, and 2.28 yuan respectively, with corresponding price-to-earnings (P/E) ratios of 48.9, 36.1, and 31.4 [2][33] Business Developments - Naconoer has entered into a procurement contract worth 235 million yuan for a roller press cutting integrated machine, indicating strong demand for its products [3][33] - The company has adjusted its fundraising project to increase investment in the "Research and Development Center and Headquarters Construction Project" from 89.35 million yuan to 134 million yuan, which will include new experimental workshops [34][36] Industry Positioning - Naconoer is recognized as one of the early participants in the research and development of solid-state battery production equipment, collaborating with various manufacturers and research institutions [20][31] - The company has launched a series of dry electrode equipment and is currently conducting cell-level testing, positioning itself well within the growing solid-state battery market [4][17]
纳科诺尔：北交所信息更新：获得头部客户订单、募投调向固态电池，全年归母净利润预计同比增长32%-20250301