WLY(SZ:000858) CMS·2025-06-22 09:36Investment Rating - The report maintains a "Strong Buy" rating for the company [1][3]. Core Views - The company expresses a commitment to progress despite challenges in the environment, with an expectation of increased dividends [7]. - The company aims to balance volume and price, with strong performance in the banquet market and a focus on innovative marketing strategies [7]. - The report forecasts EPS for 2025-2027 at 8.59, 9.02, and 9.44 CNY, respectively [1][7]. Financial Data and Valuation - Total revenue is projected to grow from 83,272 million CNY in 2023 to 102,105 million CNY in 2027, with a CAGR of approximately 5% [2][13]. - Operating profit is expected to increase from 42,004 million CNY in 2023 to 50,870 million CNY in 2027, maintaining a growth rate of around 5% [2][13]. - Net profit attributable to the parent company is forecasted to rise from 30,211 million CNY in 2023 to 36,661 million CNY in 2027, with a consistent growth rate of 5% [8][13]. Key Financial Ratios - The report indicates a projected PE ratio decreasing from 15.4 in 2023 to 12.7 in 2027, suggesting improving valuation attractiveness [14]. - The company maintains a healthy ROE of 22.1% as of the latest data, indicating strong profitability [3][14]. - The debt-to-asset ratio is projected to remain low, around 23.3% in 2023, reflecting a solid financial position [3][14].