Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report indicates a positive outlook on the company's growth potential and confidence in its future development [1]. Core Insights - The company has announced a share repurchase plan, demonstrating confidence in its future prospects and internal value recognition, which is expected to motivate core team members and stimulate growth [1]. - The company is projected to experience robust revenue growth in 2024, driven by stable performance in the European market and accelerated contributions from the U.S. market, alongside expansion into emerging markets [2]. - Profitability may face slight pressure in 2024 due to increased shipping costs, but the company is expected to benefit from a global supply chain restructuring and a decrease in shipping prices in 2025 [2]. - Sales growth is anticipated to remain steady in Q1 2025, with significant potential for growth due to the company's focus on brand development and supply chain expansion [3]. Financial Summary - Total revenue is projected to grow from 6,074 million in 2023 to 10,131 million in 2025, reflecting a year-on-year growth rate of 26.3% [6]. - The net profit attributable to the parent company is expected to increase from 413 million in 2023 to 631 million in 2025, with a year-on-year growth rate of 62.1% [6]. - The gross profit margin is forecasted to stabilize around 36.1% from 2025 onwards, while the return on equity (ROE) is expected to improve to 15.6% in 2025 [6]. - Earnings per share (EPS) is projected to rise from 1.03 in 2023 to 1.57 in 2025, indicating a positive trend in profitability [6].
致欧科技：底部回购股份，成长动能充沛