Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has demonstrated stable performance, with a 2024 annual revenue of 575 million yuan, representing a year-on-year growth of 15.48%. The net profit attributable to shareholders reached 125 million yuan, up 23.07% year-on-year [5][8] - In Q1 2025, the company achieved a revenue of 111 million yuan, a year-on-year increase of 3.57%, while the net profit attributable to shareholders decreased by 12.39% to 22.18 million yuan [5] - The calibration testing products are evolving, and the digital platform business is providing growth momentum, with applications expanding into various sectors including biomedicine and new energy [6][7] Financial Performance Summary - The company forecasts revenues of 665 million yuan, 770 million yuan, and 892 million yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 158 million yuan, 187 million yuan, and 221 million yuan [8][11] - The projected EPS for 2025, 2026, and 2027 is 0.74 yuan, 0.88 yuan, and 1.04 yuan respectively, with a current P/E ratio of 23, 20, and 16 for the respective years [8][11] - The gross margin is expected to improve from 64.7% in 2024 to 69.5% in 2027, indicating enhanced profitability [11][12]

上海华培数能科技（集团）股份有限公司 Shanghai Sinotec Co., Ltd. 会议资料 中国 上海 二〇二五年五月 议案一： 《2024 年年度报告全文及摘要》…………………………………………5 议案二： 《2024 年度董事会工作报告》……………………………………………6 议案三：《2024 年度监事会工作报告》…………………………………………… 议案四：《公司 2024 年度利润分配预案》………………………………………… 议案五：《公司 2025 年度董事薪酬方案》………………………………………… 议案六：《公司 2025 年度监事薪酬方案》………………………………………… 议案七： 《关于续聘会计师事务所的议案》………………………………………26 议 案 八 ：《关 于 2025 年 度 拟申 请 银 行 综合 授 信 额 度 并 进 行 担 保 预 计 的 议 案》…………………………………………………………………………………… 议案九： 非审议事项：《2024 年度独立董事述职报告》…………………………………… 上海华培数能科技（集团）股份有限公司 2024 年年度股东大会会议资料 上 ...