Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected total return above the relevant industry over the next 12 months [3][20]. Core Insights - The company is projected to achieve stable revenue growth with a narrowing of losses expected by 2025, with a target price set at 3.32 [1][7]. - Revenue for 2025 is estimated to reach 5.77 billion RMB, reflecting a year-on-year growth of 26.7% [2][10]. - The company is focusing on optimizing its cost structure while aiming for stable revenue growth, with expectations of improved profitability in the second half of 2025 [7][10]. Financial Overview - Revenue (in million RMB) is projected as follows: 2023: 2,961; 2024: 4,554; 2025E: 5,768; 2026E: 6,837; 2027E: 7,762, with corresponding year-on-year growth rates of 18.5%, 53.8%, 26.7%, 18.5%, and 13.5% respectively [2][16]. - Net profit (in million RMB) is expected to improve from a loss of 996 million in 2024 to a loss of 215 million in 2025, with a return to profitability projected in 2026 [2][16]. - The company’s earnings per share (EPS) is forecasted to be -3.87 RMB in 2024, -0.85 RMB in 2025, and 0.76 RMB in 2026, indicating a significant recovery trajectory [2][10]. Performance Metrics - The company reported a 82% year-on-year revenue increase in Q4 2024, surpassing market expectations [7]. - The K12 segment is expected to contribute significantly to revenue, with a projected growth rate of 34% in 2025 [7][10]. - The company’s market capitalization is approximately $479.34 million, with a year-to-date stock price change of 51.60% [5][10].
高途（GOTU）：2025年预计收入稳定增长，亏损收窄可期
交银国际·2025-02-28 01:25