In the domestic dry-change head industry, the high performance is in line with the expectation that the company has rich experience and skilled technology in the field of dry-type transformers in the traditional industry, and has been actively arranging digital intelligence and energy storage in recent years. Total revenue in 2023 66Gameblockchainandroid. 6.8 billion yuan, an increase of 40% over the same period last yearGameblockchainandroid.5%, deducting 481 million yuan in non-net profit, an increase of 104.92% over the same period last year, a year-on-year increase of 22.81%, a year-on-year increase of 2.52pct, a net profit rate of 7.53%, a year-on-year increase of 1.56pctGameblockchainandroidThe net profit returned to the mother was 95 million yuan, an increase of 8.57% over the same period last year and an increase of 9.2%. The coordinated development of the three major businesses, obvious advantages of the company's traditional business dry-type transformer technology advantages, active layout overseas. The income of the three major traditional businesses: transformer series, complete series and installation engineering business in 2023 was 4.093 billion yuan, 1.77 billion yuan and 117 million yuan respectively, accounting for 61.38%, 26.54% and 1.75% respectively. The newly signed domestic sales order in 2023 is 7.832 billion yuan, and the revenue from transformer series and power transmission and distribution in 2023 is 6.141 billion yuan, an increase of 36.26% over the same period last year. The revenue of overseas main business in 2023 was 1.177 billion yuan, an increase of 79.54% over the same period last year. Energy storage continues to generate power, and the scale continues to increase. The company has a wide range of energy storage products, including medium and high pressure Fed energy series, low pressure energy storage series and household low pressure energy storage products. Business revenue in 2023 was 414 million yuan, an increase of 546.95% over the same period last year. Orders for new energy storage systems will reach in 2023.Gameblockchainandroid641 million yuan (excluding tax), an increase of 144.87% over the same period last year. Digital business continues to advance. The company's digital business mainly involves seven major businesses, providing customized digital transformation solutions for a variety of enterprises. In 2023, the company has cumulatively accepted more than 600 million yuan of business orders for the overall solution of the digital plant. Investment recommendations We expect the net return from 2024 to 2026 to be 760,04212.73 billion yuan respectively, corresponding to a PE of 31.76Universe 23.17ppm 18.98, covering for the first time and giving a "buy" rating. Risk indicates that market competition aggravates risk, raw material price fluctuation risk, trade friction and exchange rate risk. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.
[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.
