Xin Lang Cai Jing·2025-05-04 08:28Core Insights - The company is transitioning towards new productive forces by leveraging technologies such as big data and IoT to enhance efficiency in the equipment leasing industry [1] - The company has made significant investments in AI and computing power leasing, aiming to create new growth opportunities through supply chain finance [1][5] - The establishment of a dedicated smart computing division is expected to accelerate the company's growth in the AI sector [2] Business Development - The company has signed contracts for computing power services amounting to 2.475 billion yuan as of November 11, 2024, which increased to 6.67 billion yuan by March 18, 2025 [3] - The company has delivered over 1.1 billion yuan worth of smart computing equipment as of April 18, 2025, with nearly 500 million yuan delivered in March-April 2025 [3] - The average contract duration for computing power services is estimated at 4 years, aligning with the lifespan of the equipment [4] Financial Projections - The company anticipates achieving net profits of 960 million yuan, 1.219 billion yuan, and 1.35 billion yuan for the years 2025 to 2027, respectively [5] - The current price-to-earnings ratios are projected to be 22.10, 17.41, and 15.71 for the years 2025, 2026, and 2027 [5]