Eastroc Beverage(SH:605499) CMS·2025-07-13 12:03Investment Rating - The report maintains a "Strong Buy" rating for the company [3][6] Core Views - The company continues to experience high revenue growth, with Q2 2025 revenue expected to be between 57.8 and 59.9 billion yuan, representing a year-on-year increase of 31.7% to 36.5% [1][6] - The company is focused on building a platform beverage company, with strong performance across all product categories and an increase in investment in frozen beverage infrastructure [1][6] - The earnings per share (EPS) forecasts for 2025 to 2027 are maintained at 8.55, 10.68, and 12.88 yuan respectively [1][6] Financial Data and Valuation - Total revenue for 2025 is projected to be 206.89 billion yuan, with a year-on-year growth of 31% [2][14] - The net profit attributable to shareholders is expected to reach 4.447 billion yuan in 2025, reflecting a 34% year-on-year increase [2][14] - The company’s price-to-earnings (PE) ratio is projected to decrease from 73.9 in 2023 to 33.9 in 2025 [2][14] Performance Metrics - The company’s return on equity (ROE) is forecasted to be 51.6% in 2025, indicating strong profitability [2][14] - The gross margin is expected to improve to 45.5% by 2025 [2][14] - The company aims to enhance its channel management and operational capabilities, with a target of over 4.3 million retail outlets [1][6]