Runjian (SZ:002929) Xin Lang Cai Jing·2025-08-03 08:33Core Insights - The "Zhilian China-ASEAN AI Win-Win Future" ecological forum successfully took place during the World Artificial Intelligence Conference, where Runjian Co. publicly launched its Quchi AI platform ecological strategy and operation model products, attracting over 200,000 online and offline attendees [1] - Runjian Co. has established itself as a leader in AI export, with its overseas business covering 10 countries and regions, having undertaken over 700 local projects in the ASEAN region and completed more than 20 data center or computing center projects [1] - The company has accumulated partnerships with hundreds of Chinese enterprises going abroad and ASEAN industry clients, contributing to the digital economy development in the ASEAN region [1][3] Business Development - Runjian Co. is enhancing its AI development strategy by focusing on B-end business empowerment through its self-developed "Quchi" generative AI industry model development platform, which aims to create competitive industry models and digital products [2] - The company has a robust data accumulation, with over 10 million communication network maintenance data points collected annually and extensive datasets across various sectors, including energy and digital networks [2] - The launch of the Quchi operation model 1.0 during the 2025 WAIC aims to advance maintenance models towards "predictive self-healing" through five key dimensions, enhancing the platform's attractiveness [2] Market Position and Partnerships - Runjian Co. operates across multiple application scenarios, including telecommunications, new energy, public safety, education, rural revitalization, and smart communities, with a digital product portfolio covering 12 product series and 65 application scenarios [3] - The company is actively expanding its large customer base for computing power services and has developed an integrated intelligent operation management platform [3] - The Wuxiang Cloud Valley Intelligent Computing Center is positioned as a core hub for China-ASEAN AI cooperation, providing essential support for enterprises venturing into the ASEAN market [3] Financial Projections - Revenue forecasts for Runjian Co. from 2025 to 2027 are projected at 10.25 billion, 11.92 billion, and 13.81 billion yuan, with corresponding growth rates of 11.43%, 16.26%, and 15.87% [4] - The net profit attributable to the parent company is expected to be 222 million, 461 million, and 728 million yuan, with year-on-year growth rates of -10.10%, +107.85%, and +58.01% [4] - The earnings per share (EPS) are projected at 0.78, 1.62, and 2.56 yuan, with corresponding price-to-earnings (PE) ratios of 58.24, 28.02, and 17.73 [4]