Tianyu Group(SZ:002354) Xin Lang Cai Jing·2025-04-22 00:37Group 1: Financial Performance - In 2024, the company's revenue was 1.579 billion, a year-on-year decline of 10.38% [1] - Data traffic business revenue decreased by 8.14% to 1.537 billion, accounting for 97.35% of total revenue [1] - The net profit attributable to the parent company was -118 million, a year-on-year narrowing of 89.15% [1] - Non-recurring net profit attributable to the parent company was -195 million, a year-on-year narrowing of 80.76% [1] - The primary reason for the loss was the decline in operating performance of certain affiliated companies, leading to asset impairment provisions [1] Group 2: AI-Driven Platforms and Business Development - The company has made significant breakthroughs in three major AI-driven platforms, focusing on digitalization, intelligence, and globalization [2] - In the AI marketing SaaS platform, over 6,700 AI-generated scripts were produced, accounting for 22.07% of total scripts, and 188,000 AI-generated videos, making up 9.4% [2] - The e-commerce live streaming sector saw 4.788 million total interactions, with AI interactions exceeding 3.95 million, representing 82.49% [2] - The mobile application distribution PaaS platform registered 336 million users by the end of 2024, with an increase of approximately 24 million users year-on-year [2] - The platform features over 7,600 applications, including major apps like Douyin and WeChat, and has integrated several leading AI products [2] Group 3: Global Expansion and User Growth - The company is actively pursuing global expansion, with its gaming platform successfully entering overseas markets [3] - The gaming platform has 67 cooperative games and 9 self-developed games, covering 19 countries and regions [3] - In 2024, the total new users reached 305,800, with cumulative users at 2 million [3] - The overseas mobile application distribution platform 3u tools surpassed 49.62 million cumulative users in 2024, with an average of 2.44 million monthly active users [3] Group 4: Profit Forecast and Valuation Analysis - The company forecasts net profit attributable to the parent company to grow by 145.07%, 10.22%, and 16.51% from 2025 to 2027, reaching 53.15 million, 58.59 million, and 68.26 million respectively [4] - The current stock price corresponds to a PE ratio of 170X, 154X, and 132X for 2025 to 2027 [4]