ZHUHAI COSMX(688772) 中邮证券·2025-02-17 08:25Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance [2][8]. Core Insights - The company is focusing on expanding its market potential and consolidating its advantages in the consumer electronics sector, particularly in laptop and smartphone battery sales, which have shown significant growth [5][6]. - The company is also strategically shifting towards the power and energy storage sectors, aiming to become a leading player in low-voltage automotive batteries and drone batteries, while carefully managing its production capacity [6][7]. - The anticipated revenue for the company is projected to reach 11.934 billion yuan in 2024, with a net profit of 450.6 million yuan, reflecting substantial growth compared to previous years [10][8]. Company Overview - The latest closing price of the company's stock is 17.00 yuan, with a total market capitalization of 19.2 billion yuan [4]. - The company has a total share capital of 1.128 billion shares, with a debt-to-asset ratio of 66.4% and a price-to-earnings ratio of 54.84 [4]. Financial Projections - Revenue is expected to grow from 11.446 billion yuan in 2023 to 17.001 billion yuan by 2026, with a compound annual growth rate of approximately 18.1% [10]. - The net profit is projected to increase significantly from 344.19 million yuan in 2023 to 1.38544 billion yuan in 2026, indicating a strong growth trajectory [10][8]. Market Performance - The stock has shown a positive trend, with a projected increase of 33% from February 2024 to February 2025, reflecting investor confidence in the company's growth prospects [3][8].