YIZUMI(SZ:300415) CMS·2025-04-24 08:35Investment Rating - The report maintains a "Strong Buy" rating for the company [1][2]. Core Insights - The company is expected to achieve steady growth in 2024, with a year-on-year revenue increase of 23.61% to reach 5.063 billion yuan and a net profit growth of 27.42% to 608 million yuan [6]. - The injection molding machine business continues to lead the industry, with revenue growth of 28.80% year-on-year, outperforming the overall market [6]. - The automotive and 3C sectors remain the largest demand sources, with significant year-on-year growth rates of 16.7% and 63.6%, respectively [6]. - New products are being launched, including the A6 series high-end intelligent injection molding machines and NEXT² series die-casting machines, which support capacity expansion and performance growth [6]. Financial Performance - In Q1 2025, the company reported a revenue of 1.187 billion yuan, a year-on-year increase of 24.32%, and a net profit of 132 million yuan, up 14.29% [6]. - The company’s total revenue for 2024 is projected to be 5.699 billion yuan, with a year-on-year growth of 13% in 2025 [8]. - The gross profit margin for injection molding machines was 31.78% in 2024, slightly down by 1.52 percentage points year-on-year [6]. Market Position - The company is recognized as a leader in the injection molding machine sector, with its revenue performance consistently exceeding industry averages [6]. - The overall market for plastic processing equipment in China is expected to grow by 5.3% in 2024, indicating a favorable environment for the company’s growth [6]. Shareholder Information - The major shareholder, Jiazhuo Holdings Limited, holds a 29.32% stake in the company [2].