HZIS(600126) 华鑫证券·2024-03-23 16:00Investment Rating - The report assigns a "Buy" investment rating for the company, marking it as a first-time recommendation [3][23]. Core Insights - The steel industry is currently facing a supply-demand imbalance, leading to pressure on the company's performance. The company is expected to achieve a net profit of 168 million yuan in 2023, a decrease of approximately 64.99% compared to the previous year [3][5]. - The company is actively developing its IDC (Internet Data Center) business in collaboration with Alibaba Cloud, investing 15.8 billion yuan to build a cloud computing data center in Zhejiang. This initiative is expected to drive future revenue and profit growth [3][5]. - The company aims to transition from traditional steel production to digital transformation, establishing a comprehensive intelligent management platform to enhance operational efficiency and data sharing [3][5]. Financial Summary - The company's projected revenue for 2023 is 52.055 billion yuan, with a growth rate of 20.2%. The net profit is expected to be 167 million yuan, reflecting a significant decline of 65.1% from the previous year [5][6]. - The earnings per share (EPS) for 2023 is forecasted at 0.05 yuan, with a projected increase to 0.17 yuan in 2024 and 0.26 yuan in 2025 [5][6]. - The company's total assets are estimated to reach 30.295 billion yuan in 2023, with total liabilities of 10.007 billion yuan [6].