Eastroc Beverage(SH:605499) CSC SECURITIES (HK) LTD·2026-01-15 07:04Investment Rating - The investment rating for the company is "Buy" with a target price of 335 CNY [1][7]. Core Insights - The company is expected to achieve a net profit of 4.34 billion to 4.59 billion CNY in 2025, representing a year-on-year growth of 30.5% to 38% [8]. - The company has shown strong revenue growth in its energy drink segment, with a 19.4% increase in revenue to 12.56 billion CNY in the first three quarters [12]. - The company is focusing on national expansion and multi-category development, with a strategic shift towards becoming a platform-type company [12]. Summary by Sections Company Basic Information - The company operates in the food and beverage industry, with a market capitalization of 137.64 billion CNY as of January 14, 2026 [2]. - The stock price on January 14, 2026, was 264.68 CNY, with a 12-month high of 336.11 CNY and a low of 205.24 CNY [2]. Recent Ratings - The company has received "Buy" ratings in recent evaluations, with the last rating issued on October 28, 2025 [3]. Performance Overview - The company is projected to maintain a net profit growth trajectory, with estimates of 4.45 billion CNY in 2025, 5.60 billion CNY in 2026, and 6.80 billion CNY in 2027, reflecting year-on-year growth rates of 33.8%, 25.8%, and 21.5% respectively [12]. Financial Projections - The company’s revenue is expected to grow from 21.14 billion CNY in 2025 to 31.73 billion CNY by 2027 [15]. - The earnings per share (EPS) are projected to increase from 8.56 CNY in 2025 to 13.08 CNY in 2027 [11]. Cash Flow Analysis - The net cash flow from operating activities is expected to rise significantly, reaching 12.37 billion CNY by 2027 [17].