Investment Rating - The investment rating for Yada Co., Ltd. is maintained at "Outperform" [2][4]. Core Views - In Q1 2025, Yada Co., Ltd. achieved a revenue of 0.76 billion yuan, representing a year-on-year increase of 24.11%, and a net profit attributable to shareholders of 6.23 million yuan, up 28.44% year-on-year [4]. - The company is expected to benefit from increased investments by State Grid and Southern Grid, which are focusing on enhancing distribution network construction and modernization [5][6]. - The company has a strong capability in independently developing power monitoring system integration and is actively expanding into the data center sector [6]. Financial Summary and Valuation Indicators - Revenue projections for Yada Co., Ltd. are as follows: 2024 - 3.20 billion yuan, 2025 - 3.78 billion yuan, 2026 - 4.50 billion yuan, and 2027 - 5.19 billion yuan, with year-on-year growth rates of 1.8%, 18.2%, 19.0%, and 15.4% respectively [7]. - Net profit attributable to shareholders is projected to be 0.34 billion yuan in 2024, 0.38 billion yuan in 2025, and 0.44 billion yuan in 2026, with corresponding EPS of 0.21, 0.24, and 0.27 yuan per share [4][7]. - The company's P/E ratios are projected to be 56.4, 49.7, and 43.4 for 2025, 2026, and 2027 respectively [4][7].
雅达股份：北交所信息更新：具备电力监控系统集成自主开发能力，2025Q1营收同比+24%-20250521