Jinwu Financial News | According to Tianfeng Securities Research Report, Haichang Ocean Park (02255) achieved revenue of 1,817 million yuan/yoy +129.1% in 23, a recovery of 64.8%; net profit to mother - 197 million yuan, a sharp decrease from the same period in '22; and adjusted EBITDA profit of 459 million yuan, a significant improvement from negative to positive in '22.
According to the bank, with the rebound of the domestic cultural tourism market since 23 years, the company's overall business has recovered greatly. The company's existing projects are in excellent quality, the reserve projects are rich and have considerable potential, and it is optimistic about the company's growth space. Based on this, the bank estimates that the company's net profit from 2024-2026 will be 0.3/1.6/280 million yuan, maintaining a “buy” rating.