Jet Bio-Filtration(SH:688026) Xin Lang Cai Jing·2025-09-25 10:27Core Logic - The company has over 20 years of experience in the biological laboratory consumables sector, focusing on biological culture and liquid handling, with leading technical strength and a comprehensive product matrix. The company is expected to maintain rapid growth and become a global leader in laboratory consumables [1] Group 1: Overseas Market - The company is leveraging an ODM model to penetrate the global biological laboratory consumables supply chain, establishing stable partnerships with international leaders like VWR and Thermo Fisher, and exporting products to over 70 countries. The company is enhancing its brand image as "reliable quality" and "outstanding cost performance" [2] - In 2024, the company's revenue from overseas self-owned brands is expected to increase by 46.07%, with overseas revenue accounting for 18.89% of total income. This indicates a successful transition from OEM to self-owned brand, capturing more value in the international laboratory consumables supply chain [2] Group 2: Domestic Market - The company is positioned to capitalize on the opportunity for import substitution in the current international trade environment, with a strong first-mover advantage in producing disposable plastic consumables for biological laboratories. The company plans to expand its sales network by establishing 12 offices in China in 2024, enhancing service responsiveness [3] - The company is also targeting industrial clients through high-quality cell factories, serving sectors like biopharmaceuticals and vaccine production. In 2024, sales from cell factory products are projected to grow by approximately 28.55%, indicating strong growth momentum [3] Group 3: Product Development and Cost Efficiency - The company is focused on developing high-end products such as liquid culture media and cell culture bags, while optimizing its product structure. It is also improving manufacturing processes and introducing automation to steadily reduce unit manufacturing costs [4] - The establishment of an intelligent manufacturing base will support the automation upgrade of production lines and the implementation of an intelligent warehousing system, which is expected to enhance order delivery efficiency and support global business demands [4] Group 4: Financial Projections - The company forecasts revenues of 652 million yuan, 772 million yuan, and 919 million yuan for 2025-2027, with year-on-year growth rates of 16.7%, 18.3%, and 19.1% respectively. The projected net profits for the same period are 98 million yuan, 118 million yuan, and 145 million yuan, with growth rates of 35.3%, 20.6%, and 23.2% respectively [4]