此前，蔚蓝锂芯披露的2024年年度报告显示，公司实现的营业收入、归母净利润分别为67.56亿元、4.88 亿元，同比增长29.38%、246.43%，归母净利润也实现倍增。 长江商报奔腾新闻记者 沈右荣 市场需求复苏，蔚蓝锂芯（002245.SZ）大幅增长。 4月21日晚，蔚蓝锂芯披露了2025年第一季度报告。公司实现营业收入17.28亿元，同比增长20.90%；归 属母公司股东的净利润（以下简称"归母净利润"）1.42亿元，同比增长100.56%；扣除非经常性损益的 净利润（简称"扣非净利润"）1.48亿元，同比增长204.48%。 对于归母净利润、扣非净利润倍增，蔚蓝锂芯简要解释，主要因公司锂电池、LED业务盈利较上年同期 增长。 2024年一季度，蔚蓝锂芯实现的营业收入、归母净利润分别为14.29亿元、7066.51万元，同比增长 46.77%、663.09%。 如此来看，蔚蓝锂芯的归母净利润已经出现了连续倍增。 2024年以来，蔚蓝锂芯的综合毛利率、净利率均有明显上升。2024年，公司综合毛利率、净利率分别为 17.63%、8.05%，同比上升4.83个百分点、4.22个百分点。今年第一季度，公司综合 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2]. Core Insights - The company has shown significant growth in revenue and profitability, with a 29.4% year-on-year increase in revenue for 2024, reaching 67.56 billion yuan, and a remarkable 246.4% increase in net profit, amounting to 4.88 billion yuan [5]. - The lithium battery business has experienced substantial growth, with revenue increasing by 57.99% to 2.587 billion yuan, and a shipment of 442 million units, which is a 100.74% increase year-on-year [5]. - The company is expanding its overseas operations, with a new project in Malaysia expected to commence production in the first half of 2025, which will further enhance its international sales [5]. Financial Data and Forecast - The company's financial projections indicate a steady increase in revenue from 52.22 billion yuan in 2023 to 103.60 billion yuan by 2027, with a compound annual growth rate (CAGR) of approximately 11.2% [4]. - Net profit is expected to grow from 141 million yuan in 2023 to 995 million yuan in 2027, reflecting a strong upward trend in profitability [4]. - The gross margin is projected to improve from 12.8% in 2023 to 19.1% in 2027, indicating enhanced operational efficiency [4]. Market Performance - The company's stock has shown a significant absolute increase of 18.7%, 34.6%, and 50.5% over the past three months [3]. - The relative performance against the market index has also been strong, with increases of 17.5%, 29.7%, and 48.6% over the same period [4]. Valuation - The company is valued at a price-to-earnings (P/E) ratio of 23 for 2025, with a projected range of 16.31 to 19.57 yuan per share based on comparable company valuations [6]. - The expected earnings per share (EPS) is forecasted to rise from 0.42 yuan in 2024 to 0.86 yuan by 2027, reflecting strong earnings growth [4].