Anker Innovations(300866) 东吴证券·2025-05-18 23:30Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has launched the world's first consumer-grade 3D texture UV printer, which has shown impressive crowdfunding performance, raising over $23 million (approximately 170 million RMB) during its crowdfunding period. This product is expected to become a significant innovation category for the company, potentially driving new growth [2][8] - The easing of tariffs between China and the United States is expected to reduce the company's damage from previous tariff impacts, allowing for a more stable pricing environment and improved sales performance [3][8] Financial Projections - Total revenue projections for the company are as follows: - 2023: 17,507 million RMB - 2024: 24,710 million RMB (up 41.14% YoY) - 2025: 32,702 million RMB (up 32.34% YoY) - 2026: 41,383 million RMB (up 26.55% YoY) - 2027: 51,150 million RMB (up 23.60% YoY) [1][13] - Net profit attributable to the parent company is projected as: - 2023: 1,615 million RMB - 2024: 2,114 million RMB (up 30.93% YoY) - 2025: 2,597 million RMB (up 22.82% YoY) - 2026: 3,293 million RMB (up 26.82% YoY) - 2027: 4,127 million RMB (up 25.29% YoY) [1][13] - The latest diluted EPS is forecasted to be: - 2024: 3.98 RMB - 2025: 4.89 RMB - 2026: 6.20 RMB - 2027: 7.77 RMB [1][13] Market Data - The closing price of the company's stock is 99.27 RMB, with a market capitalization of approximately 52,753.15 million RMB [6] - The company has a price-to-earnings (P/E) ratio of 32.67 based on the latest diluted EPS [1][6]