Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to benefit from the national large-scale grain storage construction and equipment updates, indicating a solid growth potential in the coming years [6][7] - The company achieved a revenue of 2.652 billion yuan in 2024, representing a year-on-year growth of 9.84%, with a net profit of 234 million yuan, up 7.34% year-on-year [6] - The company is a leader in the domestic grain storage sector, with a forecasted net profit of 282 million yuan for 2025, 358 million yuan for 2026, and 441 million yuan for 2027, corresponding to a price-to-earnings ratio (P/E) of 20, 16, and 13 times respectively [6][7] Financial Summary - The company's total market capitalization is approximately 5,578.67 million yuan, with a closing price of 10.89 yuan per share [3] - The company's revenue projections for 2025, 2026, and 2027 are 3.234 billion yuan, 3.975 billion yuan, and 4.916 billion yuan respectively, with corresponding year-on-year growth rates of 21.95%, 22.89%, and 23.69% [5][7] - The company's gross profit margin for 2024 is projected to be 25.49%, with a slight decrease expected in subsequent years [7]
中粮科工（301058）：24年稳步增长，25年开局亮眼