Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The company is expected to achieve a revenue of 576 million yuan in 2024, representing a year-on-year growth of 25.88%, and a net profit attributable to the parent company of 58 million yuan, which is a 35.11% increase [1] - The company has completed the acquisition of three automotive parts companies, which is anticipated to drive revenue growth [3] - The company has successfully concluded its fundraising projects, which are expected to contribute positively to future performance [3] Financial Summary - Revenue projections for 2024-2026 are as follows: 576 million yuan (2024), 694 million yuan (2025), and 844 million yuan (2026) [5] - Net profit attributable to the parent company is forecasted to be 58 million yuan (2024), 70 million yuan (2025), and 90 million yuan (2026) [5] - The company's earnings per share (EPS) are projected to be 0.30 yuan (2024), 0.37 yuan (2025), and 0.48 yuan (2026) [5] - The current price-to-earnings (P/E) ratios are 68.5 (2024), 56.7 (2025), and 43.8 (2026) [5] Market Context - The Chinese automotive industry is expected to reach new highs in production and sales, with a total of 31.28 million vehicles produced and 31.44 million sold in 2024, marking a year-on-year increase of 3.7% and 4.5% respectively [2] - The demand for lightweight materials, particularly aluminum alloy components, is increasing due to the growing weight of electric vehicles, which presents significant market opportunities for the automotive aluminum alloy parts industry [2]
吉冈精密（836720）：北交所信息更新：收购三家汽车零部件企业+募投项目结项，2024年营收预告+26%