According to the research report released by Fangzheng Securities, Weilong Delicious (09985) issued a profit announcement on July 25, with a net profit of 0.599-0.622 billion yuan expected to be achieved in 24H1, a year-on-year increase of 34-39%.
The bank pointed out that the company continues to strengthen product research and development and new product launch capabilities, and channel construction continues to deepen. It actively embraces new emerging channels such as Douyin and bulk snacks. The impact of price adjustments gradually fades, and the company is bullish on returning to the growth channel.
The bank expects the company's revenue for 2024-2026 to be 5.628/6.504/7.528 billion yuan, with year-on-year growth rates of 15.52%/15.58%/15.75%, and the company's net income attributable to shareholders in 2024-2026 is expected to be 1.1/1.209/1.4 billion yuan, with year-on-year growth rates of 25.00%/9.82%/15.85%. The corresponding PE ratios for 2024-2026 are 12.7/11.5/10.0X, and the bank maintains a "recommended" rating.