ROYALFLUSH INFO(300033) 中国银河·2025-02-26 08:58Investment Rating - The report maintains the investment rating for the company [1] Core Views - The company is projected to experience steady revenue growth, with expected revenues increasing from 4186.79 million in 2024 to 6249.27 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 12.97% [3][5] - The net profit attributable to the parent company is forecasted to grow from 1823.27 million in 2024 to 2569.16 million in 2027, indicating a robust growth trajectory with a peak growth rate of 30% in 2024 [3][5] - The gross margin is expected to remain stable around 89%, suggesting strong operational efficiency [3][5] Financial Summary Income Statement - Revenue is projected to grow from 4186.79 million in 2024 to 6249.27 million in 2027, with a revenue growth rate of 17.47% in 2024, gradually decreasing to 12.97% by 2027 [3][5] - The net profit is expected to increase from 1823.27 million in 2024 to 2569.16 million in 2027, with a profit growth rate of 30% in 2024 [3][5] Balance Sheet - Total assets are forecasted to rise from 10976.50 million in 2024 to 19312.94 million in 2027, indicating strong asset growth [4] - The company's total liabilities are expected to increase from 3002.18 million in 2024 to 4456.13 million in 2027, maintaining a healthy balance sheet [4] Cash Flow Statement - Operating cash flow is projected to grow from 2315.51 million in 2024 to 3095.13 million in 2027, reflecting strong cash generation capabilities [4]