Research reports on digging for opportunities | Huaxin Securities: Topcloud Agricultural Technology has a broad growth space, initially given a "shareholding" rating.

Gelonghui Finance · Dec 10 16:03

The Huaxin Securities Research Report pointed out that there is a bullish trend for the development of Jiangsu Nonghua Intelligent Agriculture Technology and the company's market position, initiating coverage with a shareholding investment rating for Topcloud Agriculture (301556.SZ). The company's revenue has grown from 0.228 billion yuan in 2019 to 0.459 billion yuan in 2023, with a CAGR of 19.16%. Correspondingly, the net income attributable to the parent company has increased from 27.261 million yuan to 0.115 billion yuan, with a CAGR of 43.32%. In the first three quarters of 2024, the company achieved revenue of 0.336 billion yuan (up 10.99% year-on-year) and a net income of 76.596 million yuan (up 14.84% year-on-year), showing steady performance growth. Driven by policies, China's intelligent agriculture is expected to enter a phase of rapid development. According to data from the Qianzhan Industry Research Institute, the market size of China's intelligent agriculture was 75.4 billion yuan in 2022, and it is projected to reach 121.4 billion yuan by 2027, with a CAGR of 10% over the next few years, indicating substantial growth potential.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

研报掘金丨华鑫证券：托普云农成长空间广阔，首予“增持”评级

Research reports on digging for opportunities | Huaxin Securities: Topcloud Agricultural Technology has a broad growth space, initially given a "shareholding" rating.

Risk Disclaimer

Statement