CHACHA FOOD CO.,LTD(002557) 民生证券·2025-02-26 08:57Investment Rating - The report maintains a "Recommended" rating for the company [5][3]. Core Views - The company achieved an operating revenue of 7.131 billion yuan in 2024, representing a year-on-year growth of 4.79%, and a net profit attributable to shareholders of 0.852 billion yuan, up 6.19% year-on-year [1]. - The company is focusing on long-term strategic goals, emphasizing product quality and innovation to adapt to market changes, while expanding its distribution channels and enhancing its market presence [1][2]. - The company is expected to improve its performance through operational efficiency and promotional activities, balancing sales volume and profit [3]. Financial Summary - The projected operating revenues for 2024, 2025, and 2026 are 71.4 billion yuan, 79.2 billion yuan, and 88.2 billion yuan, with respective growth rates of 4.9%, 11.0%, and 11.3% [4]. - The net profit attributable to shareholders is forecasted to be 0.851 billion yuan in 2024, 0.969 billion yuan in 2025, and 1.134 billion yuan in 2026, with growth rates of 6.1%, 13.9%, and 17.0% respectively [4]. - The earnings per share are expected to be 1.68 yuan in 2024, 1.91 yuan in 2025, and 2.24 yuan in 2026 [4].