长城证券首次覆盖迈富时:AI赋能提速增长,2025年营收增速有望超50%
Cai Fu Zai Xian·2025-06-26 08:47

Core Viewpoint - The company, MaiFus (02556.HK), is entering a new growth cycle driven by AI, with a forecasted explosive growth in performance by 2025 according to a report from Changcheng Securities, which has initiated coverage with a "Buy" rating [1][2] Group 1: Market Position and Growth Potential - MaiFus holds a leading position in the marketing and sales SaaS sector, maintaining the largest market share and being recognized as the top AI SaaS influential company for seven consecutive years [1] - The digitalization level of Chinese enterprises has significant room for improvement, with IT spending as a percentage of GDP notably lower than the global average, presenting a vast development opportunity for the SaaS industry [1] - The marketing and sales SaaS segment is experiencing rapid growth as enterprises are willing to pay for solutions that directly generate customers and revenue [1] Group 2: Financial Performance and Projections - In 2024, MaiFus achieved a revenue of 840 million yuan, reflecting a year-on-year growth of 19.9% [2] - The company is expected to see a revenue increase of over 50% in 2025, alongside a significant enhancement in profitability, driven by the strong growth of its AI+SaaS core business and the new AI Agent engine [2] Group 3: Product Development and Innovation - MaiFus has deeply integrated AI technology into its entire SaaS service chain, leading to collaborative growth across multiple business segments [2] - The launch of the Tforce marketing model in May 2024 and the strategic product AI-Agentforce intelligent platform positions the company with a leading advantage in the AI Agent field, opening up substantial growth opportunities [2]