YIZUMI(SZ:300415) Jianghai Securities·2026-02-02 07:53Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve a revenue of approximately 6.05 billion yuan in 2025, representing a year-on-year growth of about 19.5%. The net profit attributable to the parent company is projected to be between 670 million and 742 million yuan, with a growth rate of 10.22% to 22.06% [5] - The company has seen a significant increase in both domestic and international sales, with domestic sales expected to reach about 4.15 billion yuan (up 13.14%) and international sales around 1.9 billion yuan (up 36.20%) [5] - The company is actively enhancing its operational efficiency and sales efforts, contributing to sustained profitability improvements [8] - The global headquarters building has been completed, which will serve as a hub for the company's global operations and is expected to enhance collaborative efficiency [8] - The company has been recognized for its advancements in smart manufacturing, further strengthening its competitive position in the industry [8] Financial Forecasts - The company forecasts total revenue of 6.05 billion yuan for 2025, with growth rates of 19.46% for 2025, 23.21% for 2026, and 18.27% for 2027 [9] - The net profit attributable to the parent company is expected to be 729.5 million yuan in 2025, with a growth rate of 20.00% [9] - The earnings per share (EPS) are projected to be 1.56 yuan for 2025, increasing to 1.98 yuan in 2026 and 2.36 yuan in 2027 [9]