Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market [5][10]. Core Insights - The company is expanding its global presence through a collaboration with Stanley, launching a co-branded product featuring Messi, which is expected to enhance brand visibility and sales across multiple regions [5][10]. - The demand for insulated cups is on the rise, with significant growth potential in the U.S. market, where 340 million units were exported from China in 2023 [5][10]. - The company has established a new production base in Vietnam, which is expected to support customer expansion and improve supply chain efficiency [5][10]. Financial Summary - The company's total revenue is projected to grow from 1,775 million yuan in 2023 to 4,317 million yuan by 2026, reflecting a compound annual growth rate (CAGR) of 41% [6][12]. - Net profit is expected to increase from 472 million yuan in 2023 to 1,116 million yuan in 2026, with a growth rate of 73.6% in 2023 and 57.7% in 2024 [6][12]. - The company's return on equity (ROE) is forecasted to be 36.3% in 2024, indicating strong profitability [6][12].
嘉益股份：Stanley即将全球发售梅西联名款，加大全球化布局力度，下游景气度高位，关税风险可控