BJLE(002392) Xin Lang Cai Jing·2025-05-14 08:40Group 1 - The company and its chairman invested a total of 2.5 billion yuan in Shanghai Zhenliang Intelligent Technology, acquiring 11.43% and 2.86% equity respectively, which aligns with the company's strategic plan for emerging industries, particularly in domestic AI chip development [1] - Zhenliang Intelligent, established in 2020, has a net asset of 107 million yuan and a loss of 190 million yuan as of the end of 2024, but has already mass-produced two generations of AI chips, with the latest GPGPU chip expected to be delivered quarterly starting in 2025 [2] - The company reported a 10.5% year-on-year increase in revenue for Q1 2025, with a net profit growth of 49.4%, indicating stabilization in its main business operations [1][3] Group 2 - The company plans to implement a second employee stock ownership plan involving 10 executives and 110 employees, which is expected to align the interests of core employees and stimulate long-term development [4] - Due to anticipated delays in the recovery of product prices and gross margins, the company has revised down its revenue and net profit forecasts for 2025-2026, projecting EPS of 0.33/0.38/0.42 yuan for 2025-2027 [5] - The company is recognized with a target price of 7.59 yuan based on a 23 times PE ratio for 2025, reflecting an increase from the previous target of 3.71 yuan [5]