XUEDA(SZ:000526) Tianfeng Securities·2024-06-21 01:00Investment Rating - The report maintains a "Buy" rating for the company, with an expected price increase of over 20% within the next six months [13][31][20]. Core Insights - The company is expected to see significant growth in net profit, with projections of 250 million, 330 million, and 420 million yuan for the years 2024, 2025, and 2026 respectively, indicating a growth rate of 65.44%, 29.74%, and 27.33% [4][32]. - The earnings per share (EPS) are forecasted to be 2.08, 2.70, and 3.44 yuan for 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (P/E) ratios of 31.50, 24.28, and 19.07 [4][32]. - The company has established a strategic partnership with Yueyang Modern Service Vocational College, aiming to enroll 4,500 students in its first year and potentially reaching a scale of 10,000 by 2025 [25][30]. Financial Summary - The company's revenue is projected to grow from 1.8 billion yuan in 2022 to approximately 4.08 billion yuan by 2026, reflecting a compound annual growth rate (CAGR) of 27.66% from 2024 to 2026 [32]. - The operating profit is expected to increase significantly, with estimates of 394.54 million yuan in 2024 and 666.70 million yuan in 2026 [33]. - The total assets are projected to grow from 3.18 billion yuan in 2022 to 4.30 billion yuan by 2026, indicating a strong asset growth trajectory [28][33].