R&T(SZ:002790) Zheng Quan Zhi Xing·2025-05-15 17:40Core Viewpoint - The company aims to become a global leader in bathroom space and home water system solutions, focusing on smart bathroom products and prefabricated bathroom space solutions [2][5]. Company Developments - The company held a performance briefing on May 15, 2025, to discuss its business strategies and market positioning [1]. - The company is actively involved in the development of the T/CS991.9-2025 standard for smart toilets, which aims to enhance product quality and industry standards [3][4]. - The company has not yet released a "Quality Double Improvement" action plan but is committed to improving quality and innovation as core competitive advantages [4]. Financial Performance - In Q1 2025, the company reported a main revenue of 412 million yuan, a year-on-year decrease of 21.24%, and a net profit of 21.48 million yuan, down 63.31% year-on-year [6]. - The company’s gross profit margin stood at 24.69%, with a debt ratio of 18.84% [6]. Market Outlook - Analysts have given 10 ratings for the stock in the last 90 days, with 9 buy ratings and 1 hold rating, indicating a generally positive outlook [7]. - The average target price from analysts over the past 90 days is 9.39 yuan [7]. Future Projections - Forecasts for net profit in 2025 range from 1.48 billion to 2.11 billion yuan, with projections for 2026 and 2027 showing continued growth [8].