Investment Rating - The investment rating for the company is "Outperform" with a target price indicating a potential increase of 5% to 20% relative to the market performance [16][28]. Core Views - The company is expected to benefit from the increasing market share of large LNG ships among Chinese shipbuilders, with a projected rise in demand for new transportation vessels [29]. - The company has reported a 21% increase in net profit for 2023, driven by new automotive transport ship business and increased orders for container and automotive transport vessels [11][10]. - The company has established collaborations with major nuclear groups, marking a significant breakthrough in the nuclear power sector with new contracts totaling 40.32 million yuan [12]. Financial Summary - Revenue is projected to grow from 422 million yuan in 2022 to 508 million yuan in 2023, reflecting a year-on-year increase of 20.4% [2]. - Net profit is expected to rise from 50 million yuan in 2022 to 61 million yuan in 2023, representing a year-on-year growth of 20.8% [2]. - The company's earnings per share (EPS) is forecasted to increase from 0.68 yuan in 2022 to 0.83 yuan in 2023, with a corresponding price-to-earnings (P/E) ratio of 16.3 times [2][11]. Industry Insights - The marine engineering equipment industry in China is experiencing rapid growth, with an increase in new projects expected to reach 868 in 2023 [29]. - The domestic shipbuilding industry is anticipated to continue advancing in LNG ship technology, with a market share of approximately 30% for large LNG ships expected to rise further [29].
北交所信息更新：2023年归母净利润预增21%，新能源及海洋工程等领域有望持续放量