Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has recently secured a significant contract worth approximately $406 million, enhancing its competitive strength in the market [4][5] - The company's revenue for Q1 2025 reached 407 million yuan, representing a year-on-year growth of 54.02%, while the net profit attributable to the parent company was 39 million yuan, up 27.30% year-on-year [4] - The company is advancing its "internationalization" and "intelligentization" strategies, which are expected to strengthen its influence in the international conveyor machinery sector and expand its overseas market presence [5] Summary by Sections Recent Performance - The company's stock performance over the last year shows a 32.7% increase, outperforming the Shanghai and Shenzhen 300 index, which increased by only 4.6% [3] - As of April 30, 2025, the company's current stock price is 29.39 yuan, with a market capitalization of approximately 4.93 billion yuan [3] Financial Forecast - Revenue projections for the company are as follows: 2.44 billion yuan in 2025, 3.27 billion yuan in 2026, and 4.26 billion yuan in 2027, with corresponding net profits of 251 million yuan, 387 million yuan, and 567 million yuan respectively [7][8] - The expected growth rates for revenue are 59% in 2025, 34% in 2026, and 30% in 2027, while net profit growth rates are projected at 59%, 54%, and 46% for the same years [7][8] Strategic Developments - The recent contract with Silver Valley International SA is expected to contribute significantly to the company's revenue, accounting for approximately 190.53% of the audited revenue for 2024 [5] - The contract has a duration of 442 days, with payments made to the contractor based on progress as per the contract terms [5]

运机集团（001288）公告，公司于2025年4月25日与SILVER VALLEY INTERNATIONAL SA签订了《几 内亚银谷国际有限公司铝土矿项目128公里长距离越野转弯带式输送系统工程总承包(EPC)合同》，合同 暂定含税总价为4.06亿美元，约合人民币29.26亿元，约占公司2024年度经审计营业收入的190.53%。合 同履行对公司未来财务状况、经营成果预计将产生较为明显的积极影响。 ...