ZHUHAI COSMX(688772) 中邮证券·2025-02-17 07:51Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance [2][8]. Core Insights - The company is focusing on expanding its market potential and consolidating its advantages in the consumer electronics sector, particularly in laptop and smartphone battery sales, which have shown significant growth [5][6]. - The company is also strategically investing in the automotive low-voltage lithium battery and drone battery sectors, aiming to become a leading player in these markets [6][7]. - The report forecasts substantial revenue growth for the company, projecting revenues of 119 billion, 144 billion, and 170 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 4.5 billion, 9.0 billion, and 13.9 billion yuan [8][10]. Company Overview - The latest closing price of the company's stock is 17.00 yuan, with a total market capitalization of 192 billion yuan and a PE ratio of 54.84 [4]. - The company has a total share capital of 1.128 billion shares, with a debt-to-asset ratio of 66.4% [4]. Financial Projections - The company is expected to achieve a revenue growth rate of 4.3% in 2024, followed by a significant increase of 20.6% in 2025 and 18.1% in 2026 [10][11]. - The projected net profit growth rates are 278.5% for 2024, 100.5% for 2025, and 53.4% for 2026, indicating strong profitability potential [10][11].