Guosheng securities maintains a Zhejiang Yongtai Technology Co .Ltd(002326) buy rating and expects its net profit to increase by 400.82% year-on-year in 2021

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Guosheng securities issued a research report on August 16 to maintain the Zhejiang Yongtai Technology Co .Ltd(002326) buy rating. Guosheng securities predicts that the net profit attributable to the parent company in 2021 will be 601 million yuan, a year-on-year increase of 400.82%.

Main financial indicators and valuation

2021E

2022E

2023E

Total operating revenue (100 million yuan) 44598 million yuan six thousand one hundred and thirty point zero seven

Net profit attributable to parent company (RMB 100 million) 601.22 million three hundred and thirty-five point zero eight

Earnings per share (yuan) 0.692 five hundred and forty-four

Net assets per share (yuan) 4.56 nine thousand eight hundred and ten point nine three

Price earnings ratio (PE) 33.89 fifteen point eight

Price to book ratio (PB) 5.23 thirty-two point one

Return on net assets (%) 16.938 nine hundred and thirty-nine

Note: the data is obtained from the text of the research report.

Zhejiang Yongtai Technology Co .Ltd(002326) two research reports of securities companies have attracted attention in recent month. The detailed data of the research report are shown in the table below:

Research report date

Organization abbreviation

Target price

This rating

details

2021-08-16 Guosheng Securities – purchase to increase Shaowu Yongtai’s equity to 75%, and further increase electrolyte equity and production capacity

On August 4, 2021, Guosheng Securities – buy signed a major purchase agreement with Contemporary Amperex Technology Co.Limited(300750) and formally established the status of strategic supplier

Disclaimer: This article is based on big data production and is for reference only. It does not constitute any investment suggestions. Therefore, the operator shall bear the operational risk.

 

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