Eastroc Beverage(605499) 中国银河·2025-03-10 07:35Investment Rating - The report assigns a neutral investment rating to the company, indicating a performance expectation in line with the benchmark index [10]. Core Insights - The company is projected to experience significant revenue growth, with operating income expected to rise from 15,838.85 million in 2024 to 30,579.52 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 20.10% [5]. - The net profit is forecasted to increase from 3,326.43 million in 2024 to 6,665.50 million in 2027, indicating a strong growth trajectory [5]. - The report highlights a stable gross margin, projected to remain around 45.80% from 2026 to 2027, suggesting effective cost management [5]. - The company's return on equity (ROE) is expected to decline from 43.27% in 2024 to 27.50% in 2027, reflecting a potential increase in equity base due to retained earnings [5]. Financial Summary Balance Sheet - Total assets are projected to grow from 22,676.30 million in 2024 to 47,275.73 million by 2027, indicating robust asset accumulation [4]. - Current liabilities are expected to increase from 14,845.04 million in 2024 to 22,893.14 million in 2027, which may impact liquidity ratios [4]. Cash Flow Statement - Operating cash flow is anticipated to decrease from 5,789.41 million in 2024 to 4,634.76 million in 2025, before recovering to 8,473.49 million by 2027 [4]. - The net cash increase is projected to rise significantly from 453.09 million in 2024 to 7,652.03 million in 2027, indicating improved cash management [4]. Income Statement - The operating profit is expected to grow from 4,144.77 million in 2024 to 8,229.02 million in 2027, showcasing strong operational efficiency [5]. - Earnings per share (EPS) are projected to increase from 6.40 in 2024 to 12.82 in 2027, reflecting the company's profitability growth [5]. Key Financial Ratios - The company’s price-to-earnings (P/E) ratio is expected to decrease from 35.79 in 2024 to 17.86 in 2027, suggesting a potentially more attractive valuation over time [5]. - The asset-liability ratio is projected to decline from 66.08% in 2024 to 48.72% in 2027, indicating improved financial stability [5].