SAILUN GROUP(601058) 信达证券·2025-02-28 01:23Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The collaboration with Xiaomi on the SU7 Ultra and the development of the high-performance tire "Podium Track PT01" signifies the company's entry into the high-end performance vehicle market, enhancing its brand image and technical capabilities [3][4] - The partnership with Xiaomi is expected to drive brand strength and open up new market opportunities in the high-end segment, leveraging Xiaomi's ecosystem and user data for continuous product improvement [3] - Revenue projections for 2024-2026 are estimated at 31.8 billion, 38.1 billion, and 41.98 billion yuan respectively, with net profits expected to reach 4.22 billion, 5.01 billion, and 6.05 billion yuan, indicating strong growth potential [3][4] Financial Summary - Total revenue for 2022 was 21.9 billion yuan, with a year-on-year growth of 21.7%. The forecast for 2023 is 25.98 billion yuan, with an 18.6% increase [4] - The net profit attributable to the parent company for 2022 was 1.33 billion yuan, showing a 1.5% increase, while the forecast for 2023 is 3.09 billion yuan, reflecting a significant growth of 132.1% [4] - The projected diluted EPS for 2024, 2025, and 2026 are 1.28 yuan, 1.52 yuan, and 1.84 yuan respectively, indicating a positive trend in earnings per share [3][4]