Jiangsu Bojun Industrial Technology (SZ:300926) Orient Securities·2025-07-14 15:26Investment Rating - The report maintains a "Buy" rating for the company with a target price of 33.66 CNY, based on a comparable company PE average valuation of 17 times for 2025 [2][5]. Core Views - The company is expected to achieve significant profit growth driven by high-quality customer support and scale effects [1]. - The forecasted EPS for 2025-2027 is adjusted to 1.98, 2.59, and 3.38 CNY respectively, reflecting an increase from previous estimates [2]. - The company anticipates strong performance in the second quarter, with net profit expected to grow by 47.0%-67.0% year-on-year [9]. Financial Summary - The company's projected revenue for 2025 is 6,034 million CNY, with a year-on-year growth of 42.7% [3][11]. - Operating profit is expected to reach 1,013 million CNY in 2025, reflecting a 50.6% increase compared to the previous year [3][11]. - The net profit attributable to the parent company is forecasted at 861 million CNY for 2025, indicating a 40.5% year-on-year growth [3][11]. - The gross margin is projected to be 27.3% in 2025, while the net margin is expected to be 14.3% [3][11]. - The return on equity (ROE) is forecasted to be 28.3% in 2025 [3][11].