Gelonghui, May 31 | Changjiang Securities Research Report pointed out that Mingyang Intelligence (601615.SH) had net profit of 300 million yuan in 24Q1, reversing losses over the previous year. Looking ahead, it is believed that the installed capacity of Sea Breeze is expected to nearly double to 10 GW in 2024, and the company is expected to upgrade its product structure. The company continues to sell power plant assets, which is expected to contribute to increased performance. At the same time, the company is actively promoting collaborative cost reduction in the industrial chain, which is expected to boost the gross profit of the Lufeng project, which in turn will drive profit recovery in 2024. The company is expected to achieve net profit of about 2.3 billion yuan in 2024, which is about 10 times PE. Maintain a “buy” rating.
研报掘金丨长江证券：维持明阳智能“买入”评级，24年海风装机有望接近翻倍高增至10GW
Research Report Nuggets丨Changjiang Securities: Maintaining Mingyang Intelligence's “buy” rating, Haifeng's installed capacity is expected to nearly double to 10GW in '24
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