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On May 26, Jiuzhou Group received an overweight rating from Debon Securities. In the past month, Jiuzhou Group received the attention of one research report.
The research report predicts that the company will achieve sales revenue of 13% in 2024-2026 respectivelyquickspinslots.70 billion yuan, 1.51 billion yuan, and 1.66 billion yuan, with growth rates of 12.9%, 10.1%, and 10.2% respectively. The net profit attributable to the parent company was 120 million yuan, 140 million yuan, and 170 million yuan respectively, with growth rates of 28.6%, 15.1%, and 19% respectively. The research report believes that the company has more than 30 years of accumulation in the field of electrical manufacturing. In 2023, the company will establish a major account sales department to establish good cooperation with central and state-owned enterprises through new energy business, actively seize equipment opportunities during the construction of new energy power stations, expand equipment sales market, further develop innovative products and equipment, and focus on the development of manufacturing. On 24Q1, the company's manufacturing orders grew at a relatively high year-on-year rate, achieving a good recovery. As of the end of 2023, the company has developed, constructed, invested and operated more than 2000MW of renewable power stations, and the total on-grid electricity in 2023 will be 2.048 billion kilowatt-hours. New additions to the company in 2023quickspinslotsApproved the approval of multiple wind power photovoltaic projects such as the 49.5MW wind power project in Jiuzhou Zero Carbon Industrial Park and the 250MW photovoltaic power generation project in Jiuzhou Volcano in Anda City, and reservedquickspinslotsA number of high-quality new energy projects have been developed. The new energy power station business has been further consolidated.
Risk warning: There are risks that policy advancement falls short of expected, investment and mergers risks, market competition risks, and project construction falls short of expected risks.