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研报掘金丨东吴证券:北方华创Q3业绩持续高增,维持“买入”评级

Research reports from Soochow Securities: Naura Technology Group's Q3 performance continues to grow at a high rate, maintaining a "buy" rating.

Gelonghui Finance ·  Oct 15 02:27

Soochow Securities' research report pointed out that Naura Technology Group (002371.SZ) is expected to achieve a net income attributable to the mother of 4.13-4.75 billion yuan in the first three quarters of 2024, a year-on-year increase of 43.19%-64.69%; among them, the net income attributable to the mother in Q3 is 1.56-1.79 billion yuan, a year-on-year increase of 43.78%-64.98%. The performance in Q3 continues to grow at a high rate. Benefiting from the continuous expansion of coverage in process equipment processes such as etching, thin film deposition, cleaning, furnace tubes, annealing, the company's market share steadily climbing, operational efficiency constantly improving, and performance rapidly growing. Looking at the whole year, as the company's revenue scale expands and platform advantages gradually become apparent, the company's performance is expected to continue to grow significantly year-on-year. Taking into account the company's order situation, we maintain the forecasted net income attributable to the mother for 2024-2026 as 5.6/7.3/9.2 billion yuan respectively, with corresponding dynamic PE ratios of 35/27/21 times. Based on the company's high growth potential, we maintain a "buy" rating.

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