Investment Rating - The report maintains a "Recommended" rating for the company [6] Core Viewpoints - The company has been recognized in the "2024 Trust Integration Merchant Ranking" by DBC Deben Consulting, highlighting its industry accumulation and positioning [1] - The company's layout based on domestic core technology is deepening, establishing a strong foundation for long-term development in the fields of hardware and software [1] - The launch of innovative solutions and the introduction of the Tianhe C1 humanoid robot demonstrate the company's potential in education and interactive services [2] - The company is expanding its robot business into multiple fields, with the Tianxun platform and various composite robots set to drive growth [3] - The company's strategic layout of hardware, software, and AI platforms is becoming increasingly unique, with expected net profits of 187 million, 329 million, and 541 million yuan for 2024-2026 [3] Financial Forecasts - The company's projected revenue for 2024 is 30.766 billion yuan, with a growth rate of 75% compared to 2023 [5] - The net profit attributable to shareholders is expected to be 187 million yuan in 2024, reflecting a significant recovery from a loss of 534 million yuan in 2023 [5] - The projected PE ratios for 2024, 2025, and 2026 are 333X, 190X, and 115X respectively, indicating a high valuation relative to earnings [5]
软通动力：公司事件点评：国产化、智能化持续发力，机器人业务提升长期成长动能-20250305