China Securities Intelligent Financial News Tianyue Advanced (688234) disclosed its 2024 performance report on the evening of February 23, and the company achieved operating income of 1.768 billion yuan, a year-on-year increase of 41.37%; The net profit attributable to the parent company was 180 million yuan, a year-on-year turnaround, the non-net profit was 158 million yuan, a loss in the same period last year, the basic earnings per share was 0.42 yuan, and the weighted average return on equity was 3.39%. Based on the closing price on February 21, Tianyue Advanced currently has a price-to-earnings ratio (TTM) of about 142.15 times, a price-to-book ratio (LF) of about 4.86 times, and a price-to-sales ratio (TTM) of about 15.03 times.

Based on the data of this disclosed performance report, the company's price-to-earnings ratio (TTM) chart in recent years is as follows:

According to the data, the company's main products are conductive and semi-insulating silicon carbide substrate products.

According to the announcement, in 2024, the company will focus on its main business, strengthen R&D and innovation, and enhance its technological competitiveness; In-depth development of market and customer resources, strengthen long-term cooperation with well-known customers at home and abroad; Continued to release production capacity and optimize product structure, production and sales continued to increase, and the operating income increased significantly year-on-year in the reporting period. At the same time, the company continued to reduce costs and increase efficiency, and continuously improved its management capabilities, the company's gross sales margin increased significantly year-on-year during the reporting period, and the net profit attributable to the owners of the parent company and the net profit and loss attributable to the owners of the parent company after deducting non-recurring profits and losses increased significantly year-on-year, achieving a turnaround; Earnings per share and weighted average return on equity all improved year-on-year. During the reporting period, the company's operating income increased by 41.37% year-on-year, mainly due to the continuous increase in the production capacity and output of the company's large-size and conductive products, and the continuous increase in sales volume.

According to the data, the company's weighted average return on equity in 2024 will be 3.39%, an increase of 4.26 percentage points from the same period last year.

Indicator annotation:

P/E ratio = total market capitalization / net profit. When the company loses money, the P/E ratio is negative, and it is not practical to use the P/E ratio for valuation, and the P/B ratio or P/B ratio is often used as a reference.

Price-to-book ratio = total market capitalization / net assets. The price-to-book ratio valuation method is mostly used for companies with large fluctuations in earnings and relatively stable net assets.

Price-to-sales ratio = total market capitalization / operating income. The price-to-sales ratio method is often used for growing companies that are losing money or making small profits.

The price-to-earnings ratio and price-to-sales ratio in this article are calculated using the TTM method, that is, the data for the 12 months up to the latest financial report (including forecast). The price-to-book ratio is calculated using the LF method, that is, based on the latest financial report data. The quantile calculation range of the three is from the company's listing to the latest announcement date.

When the P/E ratio and price-to-book ratio are negative, the current quantile is not displayed, which will cause the line chart to be interrupted.