HOLSIN(SH:603909) Shenwan Hongyuan Securities·2025-10-26 06:44Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company has shown stable growth in revenue and profit, with an improvement in net profit margin [1] - For the first three quarters of 2025, the company reported a revenue of 5.207 billion, a year-on-year increase of 10.55%, and a net profit of 0.77 billion, a year-on-year increase of 21.20% [6] - The company is expected to maintain its profit forecast for 2025-2027, with projected net profits of 1.22 billion, 1.40 billion, and 1.60 billion respectively, reflecting year-on-year growth rates of 27.4%, 14.7%, and 14.3% [6] Financial Data Summary - Total revenue for 2025 is estimated at 9.371 billion, with a year-on-year growth rate of 41.8% [5] - The gross profit margin is projected to be 5.1% for 2025, with a return on equity (ROE) of 10.5% [5] - The company’s earnings per share (EPS) for 2025 is expected to be 0.47 yuan [5] - The company’s total assets and liabilities ratio stands at 76.96% as of September 30, 2025 [1]