Event company releases quarterly report for 2024: 2024Q1 company revenue 9Totalcasinobonus20freespins.9.9 billion yuan, up 4.65% from the same period last year, down 11.23% from the previous month; net profit from the home was 63 million yuan, up 34.17% from the same period last year, up 10.79% from the previous year; and deducting 65 million yuan from the previous year, up 41.05% from the same period last year and 22.23% from the previous year. Main points of the report: the company's profitability significantly improved in the first quarter. 2024Q1's gross profit margin / net profit margin was 23.65% / 6.81% respectively, which increased 4.63/1.55pct and 5.78/0.79pct respectively compared with the same period last year. The expense rate of 2024Q1 during the period was 11.93%, with a slight increase of 1.06 0.12/-0.23/0.72/0.69pct year-on-month, respectively. Among them, the sales expense rate, management expense rate, R & D expense rate and financial expense rate of 24Q1 were 1.22%, 3.49%, 3.31%, 3.91%, respectively, year-on-year-0.12/-0.23/0.72/0.69pct, month-on-month. Fengguang double main business layout, accelerated expansion of overseas business 1) in the field of wind power, the company adheres to the "two seas strategy" and binds high-quality customers such as Siemens, GE, Vestas and other products to continuously promote offshore wind power, especially overseas offshore wind power.Totalcasinobonus20freespinsIt's a business. With the volume of overseas offshore wind power business, the company's wind power business is expected to usher in accelerated volume. 2) in the field of photovoltaic, the company actively distributes the American market. At present, the American photovoltaic bracket factory has begun to ship in bulk. In addition, the company actively responds to the national "Belt and Road Initiative" policy and plans to build a Saudi photovoltaic support factory. The company focuses on the expansion of overseas markets, accounting for 65% of its overseas revenue in 2023. Investment advice and profit Forecast We expect the company's return net profit from 2024 to 2026 to be 37,000,000 yuan, an increase of 69%, 20% and 32% respectively over the same period last year. The current share price is 8.2 times PE, maintaining a "buy" rating. The risk indicates the risk of raw material price fluctuation, market competition aggravates the risk, the overseas business expansion is not as expected, the international trade policy risk, the exchange rate fluctuation 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.