EASTMONEY(300059) 新浪财经·2025-03-27 06:42Core Insights - The company reported a total revenue of 11.604 billion yuan for 2024, representing a year-on-year increase of 4.72%, with a net profit attributable to shareholders of 9.610 billion yuan, up 17.29% year-on-year, primarily driven by the impact of the 924 new policy [1] - In Q4 2024, the company achieved a record single-quarter profit of 3.568 billion yuan, surpassing the previous high of 2.507 billion yuan in Q3 2021, with total revenue increasing by 65.86% year-on-year and 82.34% quarter-on-quarter [1] - The average daily trading volume of stock-based funds increased by 22.03% year-on-year, with a significant quarter-on-quarter increase of 157.08% in Q4 2024 [1] Financial Performance - Revenue from subsidiaries showed a mixed performance, with Oriental Fortune Securities and Tian Tian Fund reporting year-on-year revenue growth of 25.75% and a decline of 21.56%, respectively [2] - The company’s self-operated business saw a year-on-year increase of 51.15%, supported by a recovery in the macroeconomic environment and significant gains from bond contributions [2] - Operating costs improved quarter-on-quarter, with a year-on-year decrease of 1.75%, while sales expenses dropped by 31.24% due to reduced technology, consulting, and advertising costs [2] AI and Innovation - The company is enhancing its "AI + Finance" strategy, focusing on AI research and development, with notable achievements in the "Miao Xiang" financial model, which integrates various AI application modules [3] - The integration of AI and data capabilities aims to create a complete closed loop from information acquisition to application, enhancing the financial ecosystem and providing greater value to users [3] Market Outlook - The ongoing implementation of the 924 series of new policies is expected to boost market confidence and support the growth of the company’s core businesses, including brokerage and margin trading [3] - The company’s estimated diluted EPS for 2025, 2026, and 2027 are projected to be 0.67, 0.72, and 0.76 yuan, respectively, with corresponding PE ratios of 34.21, 31.97, and 30.16 times, indicating a favorable investment outlook [3]