豪迈科技（002595）：公司收入、利润持续增长，三大业务齐头并进

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 72.95, compared to the last closing price of 56.99 [1][5]. Core Insights - The company has shown continuous growth in revenue and profit, with all three major business segments performing well. In 2024, the company achieved a total revenue of 8.813 billion, representing a year-on-year increase of 22.99%, and a net profit of 2.011 billion, up 24.77% year-on-year [3][4][5]. Revenue Breakdown - The revenue growth is driven by three main business segments: 1. Tire mold business generated 4.651 billion in revenue, up 22.73% year-on-year, with domestic sales growth outpacing exports [4]. 2. Large component machinery products achieved 3.332 billion in revenue, a 20.31% increase, benefiting from strong demand in the gas turbine market and a recovery in wind power orders [4]. 3. CNC machine tools generated 399 million in revenue, marking a 29.30% increase, with applications across various industries including automotive and electronics [4]. Profitability and Cost Management - The company's profitability remains stable, with a gross margin of 34.30% and a net margin of 22.85% in 2024. The gross margin slightly decreased due to changes in product mix and increased personnel costs [5]. - The company effectively managed its expenses, with sales, management, R&D, and financial expense ratios showing controlled changes [5]. Financial Forecast - The company is projected to achieve revenues of 10.354 billion, 11.750 billion, and 13.306 billion for the years 2025, 2026, and 2027, respectively. Net profits are expected to be 2.335 billion, 2.675 billion, and 3.062 billion for the same years [7][5].