Core Viewpoint - Dongwu Securities projects Tian Gong International (00826.HK) to achieve revenues of 5.2 billion, 6.1 billion, and 7.0 billion CNY from 2025 to 2027, with corresponding growth rates of 8%, 16%, and 14% respectively. The net profit attributable to shareholders is expected to be 430 million, 610 million, and 810 million CNY, with growth rates of 20%, 41%, and 35% respectively, leading to price-to-earnings ratios of 17, 12, and 9 times. The firm is optimistic about the company's titanium alloy expansion in consumer electronics and its forward-looking layout in new materials, initiating coverage with a "Buy" rating [1][2]. Group 1: Financial Projections - Revenue projections for Tian Gong International from 2025 to 2027 are 5.2 billion, 6.1 billion, and 7.0 billion CNY, with growth rates of 8%, 16%, and 14% respectively [1]. - Expected net profit attributable to shareholders for the same period is 430 million, 610 million, and 810 million CNY, with growth rates of 20%, 41%, and 35% respectively [1]. - Corresponding price-to-earnings ratios are projected to be 17, 12, and 9 times for the years 2025, 2026, and 2027 [1]. Group 2: Market Ratings - The stock has received a "Buy" rating from four investment firms in the last 90 days, with a target average price of 3.7 HKD [1]. - Specific ratings from various firms include: - Huayuan Securities: Buy [1] - Aoyishangguo: Buy with a target price of 4.38 HKD [1] - Xingzheng International: Upgrade [1] - CICC: Outperform with a target price of 3.01 HKD [1] - Northeast Securities: Buy [1] Group 3: Company and Industry Metrics - Tian Gong International has a market capitalization of 7.848 billion HKD, ranking first in the steel industry [2]. - Key performance indicators include: - Return on Equity (ROE): 5.27%, compared to the industry average of -39.13%, ranking 3rd [2]. - Net profit margin: 9.33%, leading the industry average of -15.34%, ranking 1st [2]. - Gross margin: 18.95%, second to the industry average of 1.59% [2]. - Debt ratio: 43.31%, significantly lower than the industry average of 73.15%, ranking 3rd [2].