金石资源（603505）：参股浙江诺亚氟化工，拓展下游高端精细氟化品：金石资源（603505）：

Investment Rating - The report maintains an "Outperform" rating for the company, indicating a positive outlook compared to the market [6]. Core Insights - The company plans to acquire a 15.71% stake in Zhejiang Noah Fluorochemical, becoming its second-largest shareholder, to expand into the high-end fine fluorochemical sector [6]. - The acquisition is aimed at leveraging the company's upstream resources in fluorite and hydrogen fluoride to enhance its position in the downstream fine chemical market, particularly in immersion cooling solutions for data centers [6]. - The report forecasts significant growth in the company's revenue and net profit over the next few years, with expected revenues of 3.746 billion yuan in 2025 and 5.003 billion yuan in 2027, reflecting a compound annual growth rate (CAGR) of approximately 36.1% [5][8]. Financial Data and Profit Forecast - Total revenue projections for the company are as follows: - 2024: 2,752 million yuan - 2025: 3,746 million yuan - 2026: 4,591 million yuan - 2027: 5,003 million yuan - Net profit forecasts are: - 2025: 338 million yuan - 2026: 568 million yuan - 2027: 763 million yuan - The report indicates a projected EPS of 0.40 yuan for 2025, increasing to 0.91 yuan by 2027 [5][8].