Hoperun Software(300339) Xin Lang Cai Jing·2025-05-07 00:39Financial Performance - In 2024, the company achieved operating revenue of 3.399 billion yuan, a year-on-year increase of 9.43%, while the net profit attributable to shareholders was 161 million yuan, a decrease of 1.64%. The net profit excluding non-recurring items was 86 million yuan, an increase of 53.02% [1] - For Q1 2025, the company reported revenue of 832 million yuan, a year-on-year increase of 8.09%, and a net profit attributable to shareholders of 31 million yuan, a year-on-year increase of 21.73%. The net profit excluding non-recurring items was 27 million yuan, a year-on-year increase of 31.24% [1] Financial Technology Sector - The financial technology business experienced rapid market expansion, achieving revenue of 1.827 billion yuan in 2024, a year-on-year increase of 7.09%, accounting for 53.75% of total revenue, with a gross margin of 23.01% [1] - The company has established a comprehensive AI capability matrix covering various key areas, including testing, application development, and platform construction, and has a significant market share in the banking solutions market in China [1] Intelligent IoT Sector - The intelligent IoT business generated revenue of 1.066 billion yuan in 2024, a year-on-year increase of 17.13%, accounting for 31.36% of total revenue, with a gross margin of 24.44% [2] - The company is focused on developing technologies in the Hongmeng, Euler, and Star Flash fields, creating a full-stack technical capability and intelligent ecosystem to drive multi-industry penetration and commercial implementation [2] Smart Energy Information Technology - The smart energy information technology business achieved revenue of 387 million yuan in 2024, a year-on-year increase of 12.80%, with a gross margin of 24.31% [2] - The company is actively positioning itself in the energy sector, providing solutions that cover various stages of the energy supply chain, supported by existing technology and domestic intelligent software and hardware [2] Profit Forecast and Valuation - The company is expected to maintain rapid growth due to its innovative business revenue growth and deepening collaboration with Huawei, particularly in the Euler, Hongmeng, AI platform, and integrated machine areas [3] - Projected net profits attributable to shareholders for 2025-2027 are estimated at 196 million yuan, 233 million yuan, and 266 million yuan, respectively [3]