Himile Science And Technology(SZ:002595) Soochow Securities·2025-10-27 08:56Investment Rating - The report maintains a "Buy" rating for the company [5] Core Insights - The company achieved a revenue of 8.076 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 26.89%. The net profit attributable to shareholders reached 1.788 billion yuan, up 26.21% year-on-year [2] - The company's profitability remains stable, with a gross margin of 33.99%, a slight decrease of 0.95 percentage points year-on-year. The net profit margin was 22.15%, down 0.14 percentage points year-on-year [3] - The demand for large components is strong, and the CNC machine tool business is opening new growth opportunities. The tire mold business remains stable, while the large component machinery products benefit from the booming gas turbine market. The CNC machine tool business saw a significant revenue increase of 145% year-on-year in the first half of 2025 [4] Financial Performance Summary - For 2023A, the total revenue is projected at 7.166 billion yuan, with a year-on-year growth of 7.88%. The net profit attributable to shareholders is expected to be 1.612 billion yuan, reflecting a growth of 34.33% [1] - The company forecasts a total revenue of 11.103 billion yuan for 2025E, with a year-on-year increase of 25.97%. The net profit attributable to shareholders is estimated at 2.513 billion yuan, a growth of 24.95% [1][5] - The earnings per share (EPS) for 2025E is projected to be 3.14 yuan, with a price-to-earnings (P/E) ratio of 18.48 based on the current price [1][5]