SONOSCAPE(300633) 银河证券·2025-04-15 08:24Investment Rating - The report maintains the investment rating for the company [1] Core Views - The company is projected to experience a revenue growth rate of 20.50% in 2025, following a decline of 5.02% in 2024 [4] - The net profit is expected to rebound significantly, with a growth rate of 173.40% in 2025 after a sharp decline of 68.67% in 2024 [6] - The gross margin is forecasted to improve gradually from 63.78% in 2024 to 66.10% by 2027 [4][6] Financial Summary - Revenue Forecast: - 2024A: 2013.86 million - 2025E: 2426.70 million - 2026E: 2851.14 million - 2027E: 3304.97 million [4] - Net Profit Forecast: - 2024A: 142.40 million - 2025E: 389.32 million - 2026E: 469.01 million - 2027E: 558.91 million [4][6] - Key Financial Ratios: - Gross Margin: Expected to rise from 63.78% in 2024 to 66.10% in 2027 - PE Ratio: Expected to decrease from 93.32 in 2024 to 23.78 in 2027 [4][6] - Cash Flow: - Operating cash flow is projected to increase from 306.66 million in 2024 to 638.32 million in 2027 [5]