GUILIN FUDA (SH:603166) Shenwan Hongyuan Securities·2026-03-01 14:35Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company plans to reduce its repurchased shares by up to 6.4565 million shares, accounting for 1% of its total share capital. The proceeds will be used to supplement working capital [5] - The company expects a significant increase in net profit for the year 2025, projected to be between 310 million to 330 million yuan, representing a year-on-year growth of 67.31% to 78.11% [5] - The company has achieved a quarterly net profit of 89 million to 109 million yuan for Q4 2025, with a year-on-year increase of 37.4% to 68.4% [7] Financial Data and Profit Forecast - Total revenue projections for the company are as follows: - 2024: 1,648 million yuan - 2025: 2,545 million yuan (54.5% growth) - 2026: 3,225 million yuan (26.7% growth) - 2027: 3,806 million yuan (18.0% growth) [6] - Net profit forecasts are as follows: - 2025: 320 million yuan (72.9% growth) - 2026: 413 million yuan (28.9% growth) - 2027: 513 million yuan (24.2% growth) [6] - The company’s earnings per share are projected to be: - 2025: 0.50 yuan - 2026: 0.64 yuan - 2027: 0.79 yuan [6] Business Expansion and Strategy - The company is actively expanding its core business and robot-related operations, with strategic partnerships established with various technology firms to enhance its product offerings [7] - The company aims to accelerate the production and delivery of robot components, positioning this segment as a strategic new business [7]