Sharetronic(300857) 国盛证券·2025-04-08 00:26Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Viewpoints - The company has achieved rapid revenue growth, with a reported revenue of 7.41 billion yuan in 2024, representing a year-on-year increase of 59.08%. The net profit attributable to shareholders reached 692 million yuan, up 140.80% year-on-year [1]. - The company is expanding into the AI computing rental and cloud service sectors, having obtained NVIDIA CLOUD PARTNER certification, which enhances its capabilities in these areas [2]. - The company is also venturing into the robotics field, establishing a subsidiary focused on advanced intelligent manufacturing, including service robots and humanoid robots [3]. Financial Performance - In 2024, the company reported a revenue of 7,410 million yuan, with a year-on-year growth rate of 59.1%. The net profit attributable to shareholders was 692 million yuan, reflecting a growth rate of 140.8% [4]. - The projected revenues for 2025, 2026, and 2027 are estimated at 10,126 million yuan, 12,798 million yuan, and 16,071 million yuan, respectively, with corresponding net profits of 1,040 million yuan, 1,344 million yuan, and 1,730 million yuan [4]. - The company's earnings per share (EPS) for 2024 is projected at 2.82 yuan, with a significant increase expected in subsequent years [4]. Business Segments - The data storage equipment segment generated 4.46 billion yuan in revenue, growing by 54.98% year-on-year, while the IoT smart terminal segment achieved 2.26 billion yuan, up 60.82% year-on-year [1]. - The company is leveraging its strengths in AI, big data, machine learning, and automation to enhance its core competitiveness in the intelligent manufacturing sector [3].