Ge Long Hui A P P·2025-11-28 06:47Core Viewpoint - Baijie Shenzhou's net profit attributable to shareholders for the first three quarters of 2025 is approximately 1.139 billion yuan, with Q3 net profit around 689 million yuan [1] Financial Performance - In Q3, Baijie Shenzhou's global revenue totaled 1 billion USD, representing a year-on-year growth of 50.8% [1] - In the United States, revenue for Baijie Shenzhou reached 738.7 million USD in Q3, compared to 503.7 million USD in the same period last year, marking a year-on-year increase of 46.6% [1] Guidance and Projections - The company has raised its full-year performance guidance for 2025, expecting total revenue to be between 36.2 billion yuan and 38.1 billion yuan [1] - Research, sales, and management expenses are projected to be between 29.5 billion yuan and 30.9 billion yuan [1] Valuation - Considering the rapid approval and market expansion of new indications for its products, the company has adjusted its previous profit forecasts [1] - Based on the closing price of 286.81 yuan per share on November 27, 2025, the price-to-earnings ratios are projected to be 547, 86, and 50 times [1] - Given the significant growth potential in the company's performance, a "buy" rating is maintained [1]