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江顺科技(001400):铝型材挤压模具领先企业 横向拓展能力强
Xin Lang Cai Jing· 2025-08-27 06:38
Core Insights - The company is a leading enterprise in the aluminum profile extrusion mold and supporting equipment industry, focusing on the research, design, production, and sales of aluminum profile extrusion molds, accessories, and precision mechanical components after over 20 years of industry experience [1] Group 1: Company Strengths - The company has strong technical capabilities and is recognized by major clients, providing reliable product quality and high-quality after-sales service, establishing long-term and stable partnerships with well-known domestic and international aluminum profile manufacturers [1] - Major clients in the precision mechanical components sector include CRRC Corporation, Bombardier Group, and others, indicating a diverse and reputable customer base [1] Group 2: Product Range and Applications - The company's aluminum profile extrusion molds cover a wide range from micro-channel molds with a diameter of 50mm to large molds of 1,200mm, showcasing significant application potential in heat dissipation [2] - The product offerings in aluminum profile extrusion supporting equipment include cold beds, heating furnaces, traction machines, and quenching systems, indicating a comprehensive product line [2] - In the precision mechanical components area, products include various shaft types and welding machine shells, widely used in rail transportation, wind power generation, and construction machinery sectors [2] Group 3: Financial Projections and Investment Recommendations - Revenue projections for the company from 2025 to 2027 are estimated at 1.058 billion, 1.224 billion, and 1.404 billion yuan, with corresponding net profits of 131 million, 178 million, and 205 million yuan, respectively [2] - The expected EPS for the same period is 2.18, 2.96, and 3.42 yuan per share, with a target PE ratio of 40 times for 2025, leading to a reasonable total value of 5.222 billion yuan and a target price of 87.05 yuan per share, suggesting a "buy" rating [2]