Investment Rating - The investment rating for the company is "Outperform" (Maintain) [3] Core Insights - The company is expected to achieve a revenue of 437 million yuan in 2025, representing a year-on-year growth of 6.44%, and a net profit attributable to the parent company of 42.9 million yuan, which is a year-on-year increase of 10.86% [5] - The company is in a business expansion phase, with increased orders for rubber materials and products, and the successful delivery and profitability of new high-end products [5][6] - The financial forecasts for net profit from 2025 to 2027 have been adjusted, with expected figures of 0.43 billion yuan (previously 0.42 billion), 0.52 billion (previously 0.57 billion), and 0.69 billion (previously 0.72 billion) respectively [5] Financial Summary - The total market capitalization of the company is 3.872 billion yuan, with a circulating market capitalization of 2.809 billion yuan [3] - The company's earnings per share (EPS) for 2025 is projected to be 0.27 yuan, with subsequent years expected to be 0.33 yuan and 0.44 yuan for 2026 and 2027 respectively [5][11] - The price-to-earnings (P/E) ratio for 2025 is estimated at 90.0 times, decreasing to 74.9 times in 2026 and 56.0 times in 2027 [5][11]
华密新材（920247）：北交所信息更新：新产品顺利通过验证并实现盈利，2025归母净利润同比+10.86%