JULI INC.(SZ:002342) NORTHEAST SECURITIES·2026-01-08 07:02Investment Rating - The report assigns an "Accumulate" rating to the company, indicating a potential stock price increase of 5% to 15% over the next six months [12]. Core Insights - The company, JiuLi Sogoo, has achieved profitability in the first three quarters of 2025, with revenue of 1.743 billion yuan, a year-on-year increase of 13.2%, and a net profit of 11.06 million yuan, up 397.1% year-on-year. This growth is attributed to downstream structural optimization and the expansion of emerging businesses [1]. - The deep-sea mooring business is positioned to benefit from national strategic initiatives, with the company investing 100 million yuan to establish a wholly-owned subsidiary in Tianjin to expand production capacity for deep-sea mooring products [1]. - In the commercial aerospace sector, the company has upgraded its offerings from general rigging to high-value, high-tech core systems for rocket recovery, positioning itself as a key player in a rapidly growing market [2]. - The company is accelerating its overseas market expansion, having secured significant international projects, which are expected to contribute substantially to its revenue growth [2]. Financial Summary - The company forecasts revenues of 2.954 billion yuan in 2025, 3.874 billion yuan in 2026, and 4.955 billion yuan in 2027, with corresponding net profits of 21 million yuan, 51 million yuan, and 85 million yuan respectively [3]. - The earnings per share (EPS) are projected to be 0.02 yuan in 2025, 0.05 yuan in 2026, and 0.09 yuan in 2027, with price-to-earnings (PE) ratios of 420.94, 170.35, and 102.83 respectively [3]. - The company’s total assets are expected to grow from 5.721 billion yuan in 2024 to 6.845 billion yuan in 2027, reflecting a robust growth trajectory [14].