豪迈科技（002595）：25Q1归母净利润yoy+30%，业绩超预期

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Insights - The company reported a Q1 2025 revenue of 2.279 billion yuan, a year-over-year increase of 29.06%, and a net profit attributable to shareholders of 520 million yuan, up 30% year-over-year, exceeding market expectations [5][8] - The main business segments are experiencing rapid growth, particularly in tire molds and large components, with significant orders and production expansions planned [8] - The company has secured a large order for electric heating vulcanization machines, which are expected to drive future growth due to their efficiency advantages over traditional methods [8] - The company has raised its earnings forecast for 2025-2027, reflecting strong order backlog and market opportunities [8] Financial Data and Earnings Forecast - For Q1 2025, the company achieved a gross margin of 33.81%, with a net profit margin of 22.80% [5] - The projected total revenue for 2025 is 10.465 billion yuan, with a year-over-year growth rate of 18.7% [7] - The forecasted net profit for 2025 is 2.437 billion yuan, representing a year-over-year growth of 21.2% [7] - The company’s earnings per share (EPS) for 2025 is estimated at 3.05 yuan [7]