Buydeem Group(300824) 东方证券·2025-04-02 06:03Investment Rating - The report maintains a "Buy" rating for the company with a target price of 11.04 CNY [3][6][11] Core Insights - The company reported a revenue of 754 million CNY for 2024, representing a year-on-year growth of 13.28%, while the net profit attributable to the parent company was 70 million CNY, a decrease of 2.59% [2][5] - In Q4 2024, the company achieved a revenue of 247 million CNY, marking a 28.17% increase year-on-year, and a net profit of 31 million CNY, which is a 61.20% increase year-on-year [2][10] - The company is expected to see net profits of 84 million CNY, 95 million CNY, and 106 million CNY for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.26 CNY, 0.29 CNY, and 0.32 CNY [3][11] Financial Summary - Revenue for 2023 was 665 million CNY, with a year-on-year decline of 17.3%, while the projected revenue for 2024 is 754 million CNY, reflecting a growth of 13.3% [5][14] - The gross profit margin for 2024 is projected to be 46.9%, down from 50.7% in 2023, while the net profit margin is expected to be 9.2% [5][14] - The company’s total assets are projected to grow from 969 million CNY in 2023 to 1,108 million CNY by 2027 [14]