GON(SZ:002768) Shenwan Hongyuan Securities·2025-08-01 01:13Investment Rating - The report maintains an "Outperform" rating for the company [2] Core Views - The company plans to build a 1,000-ton PEEK full industry chain platform and a 300,000-ton modification and composite materials project, with a total investment of 960 million yuan [7] - PEEK materials have excellent mechanical properties and are widely applicable in various fields such as aerospace, new energy vehicles, and medical health [7] - The company has achieved significant sales growth in organic polymer modification and composite materials, with a forecasted revenue increase from 19,220 million yuan in 2024 to 28,870 million yuan in 2027 [6][9] - The company is actively pursuing a Hong Kong IPO to capture overseas market opportunities, with funds aimed at building a base in Thailand and upgrading Hong Kong Petrochemical [7] Financial Data and Profit Forecast - The company forecasts net profits of 706 million yuan, 936 million yuan, and 1,068 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 2.60, 3.45, and 3.94 yuan per share [6][9] - The projected PE ratios for 2025, 2026, and 2027 are 14X, 10X, and 9X respectively [7]