Transfer from: financial sector
Source of this article: financial circles
On June 6, Wolong electric drive Obtained Zhongtai Securities Buying rating, Wolong Electric Drive received two research papers in the past month.
The research report predicts that the company's operating revenue from 2024 to 2026 will be 16.95 billion yuan/18.47 billion yuan/20.16 billion yuan, with year-on-year growth rates of 8.9%/9.0%/9.2% respectively; Net profit attributable to the parent company was 1.13/1.33/1.51 billion yuan, with year-on-year growth rates of 112.7%/17.7%/14.1% respectively. According to the research report, Wolong Electric Drive is the world's leading supplier of motor products, which was founded in 1984. After years of technological innovation and digital empowerment, its motor power system solutions are widely favored by users around the world. In recent years, Wolong Electric Drive has begun to layout electric aviation business, focusing on the development of aviation electric drive system, and has established strategic cooperation with many aircraft engine manufacturers. Product developers have made positive progress and have advantages in supporting aviation motors. In the Chinese motor market, Wolong occupies the first place. It is estimated that by 2023, domestic enterprises will occupy 94% of the market share in the overall Chinese motor market, of which Wolong has the highest market share, accounting for about 6.2%. The research report covers Wolong electric drive for the first time. Considering the stable growth of the company's traditional main business, the company is expected to establish high technical, airworthiness certification and customer barriers, and the company's valuation is lower than the industry average, so it is given a "buy" rating.
Risk tip: the risk of fluctuations in industries related to low altitude economy; The risk of industrial policy changes; Risk of intensified industry competition; Leakage risk of core technology and core process; The risk of using information data to update in time.
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