Zhejiang Jingsheng Mechanical & Electrical (SZ:300316) Soochow Securities·2025-09-07 08:21Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The introduction of silicon carbide (SiC) as an intermediary layer in NVIDIA's next-generation GPU is expected to open new growth opportunities for the company [7] - The company has successfully overcome key challenges in growing 12-inch SiC crystals, achieving a significant technological breakthrough [7] - The report forecasts the company's net profit for 2025-2027 to be 1.01 billion, 1.25 billion, and 1.54 billion RMB respectively, with corresponding dynamic P/E ratios of 46, 37, and 30 times [7] Financial Projections - Total revenue for 2023 is projected at 17,983 million RMB, with a year-on-year growth of 69.04% [1] - The net profit attributable to the parent company for 2023 is estimated at 4,558 million RMB, reflecting a year-on-year increase of 55.85% [1] - The latest diluted EPS for 2023 is expected to be 3.48 RMB per share [1] Market Data - The closing price of the stock is 35.00 RMB, with a market capitalization of approximately 45.83 billion RMB [5] - The price-to-book ratio is 2.67 [5] Financial Ratios - The company's asset-liability ratio is reported at 34.88% [6] - The projected gross profit margin for 2024 is 33.35% [8] - The return on equity (ROE) is expected to be 15.10% for 2024 [8]