Youngsun Intelligent(SH:603901) CAITONG SECURITIES·2025-11-03 00:48Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company has shown a recovery in performance, with a steady increase in orders, particularly in the food and beverage sector, which has bolstered its competitive edge [7] - The company is expanding its product categories in its main business and is making progress in its robotics segment, focusing on humanoid robots and core components [7] - Revenue forecasts for 2025-2027 are projected at 40.64 billion, 44.76 billion, and 50.09 billion RMB, with net profits expected to be 1.49 billion, 3.00 billion, and 3.40 billion RMB respectively [7] Financial Performance - For the fiscal year 2023, the company reported a revenue of 3,146 million RMB, with a growth rate of 14.4%. The net profit was 71 million RMB, reflecting a significant decline of 74% [6] - The company is expected to achieve a revenue of 4,064 million RMB in 2025, with a net profit of 149 million RMB, indicating a substantial recovery with a net profit growth rate of 853.9% [6][8] - The earnings per share (EPS) is projected to increase from 0.15 RMB in 2023 to 0.30 RMB in 2025, and further to 0.70 RMB by 2027 [6][8] Market Performance - The company's stock price closed at 12.89 RMB as of October 31, 2025, with a total circulating share capital of 480 million shares [2] - The company has outperformed the market index, with a notable increase in stock performance compared to the CSI 300 index [4]