三一国际：Profit in 2025 a negative surprise; Looking for improvement in 2026-20260323

23 Mar 2026 Earnings Summary CMB International Global Markets | Equity Research | Company Update | (YE 31 Dec) | FY23A | FY24A | FY25E | FY26E | FY27E | | --- | --- | --- | --- | --- | --- | | Revenue (RMB mn) | 20,278 | 21,910 | 24,571 | 29,752 | 34,792 | | YoY growth (%) | 30.5 | 8.0 | 12.1 | 21.1 | 16.9 | | Adjusted net profit (RMB mn) | 1,929.0 | 1,849.9 | 2,286.2 | 2,990.1 | 3,686.1 | | YoY growth (%) | 15.9 | (4.1) | 23.6 | 30.8 | 23.3 | | EPS (Adjusted) (RMB) | 0.61 | 0.58 | 0.71 | 0.92 | 1.13 | | Co ...