SAILUN GROUP(601058) 信达证券·2025-02-28 16:08Investment Rating - The investment rating for the company is "Buy" [1] Core Insights - The collaboration with Xiaomi on the SU7 Ultra and the development of the high-performance tire "Podium Track PT01" signifies the company's entry into the high-end performance vehicle market, enhancing its brand image and technical capabilities [3][4] - The expected revenue growth for 2024-2026 is projected at 22.4%, 19.7%, and 10.3% respectively, with net profit growth of 36.5%, 18.7%, and 20.7% during the same period, indicating strong financial performance [3][4] Financial Projections - Revenue is forecasted to reach 31.8 billion yuan in 2024, 38.1 billion yuan in 2025, and 42.0 billion yuan in 2026, with corresponding net profits of 4.2 billion yuan, 5.0 billion yuan, and 6.0 billion yuan [4] - The diluted EPS is expected to be 1.28 yuan in 2024, 1.52 yuan in 2025, and 1.84 yuan in 2026, reflecting a positive growth trajectory [4] Market Positioning - The partnership with Xiaomi is not only a product breakthrough but also a strategic move to enhance brand strength, leveraging Xiaomi's market presence and user data for continuous product improvement [3] - The introduction of the "PT01" tire aligns with the performance requirements of high-end electric vehicles, positioning the company as a key player in the high-performance tire segment [3]