GRG Banking(SZ:002152) Sou Hu Cai Jing·2025-08-14 09:01Core Viewpoint - The company is actively engaging in the development and application of its proprietary "Wangdao" large model, which is a hundred-billion-level industry model, and is exploring opportunities in digital payment and cross-border data flow, while also focusing on the integration of public data value. Group 1: Company Developments - The "Wangdao" large model has been developed with a complete technical system and is currently applied in various fields such as legal risk control, government services, and smart operations [2] - The company holds an internet payment license and is exploring cross-border payment services, leveraging its expertise in digital currency and blockchain technology [2] - The company is involved in the Guangzhou Data Exchange, which is enhancing cross-border data flow through strategic partnerships with Hong Kong digital asset platforms [3] Group 2: Public Data Value - The company is working on integrating public, enterprise, and personal data to promote the value of public data, participating in the construction of a trusted data space in Guangzhou [4] - The company has successfully secured a project for the digital infrastructure of data circulation, valued at 35.0187 million yuan [4] Group 3: Computing Power Business - The demand for computing power is increasing due to national infrastructure initiatives, and the company is positioned to capitalize on this growth through its subsidiary, Guangdian Wuzhou, which specializes in intelligent computing products [5] - Guangdian Wuzhou has a production capacity of 240,000 servers per year and is experiencing rapid revenue growth, with projected revenues of 558 million yuan in 2022, 1.298 billion yuan in 2023, and 1.702 billion yuan in 2024 [6] Group 4: Financial Performance - In Q1 2025, the company reported a revenue of 2.15 billion yuan, a year-on-year increase of 7.16%, while net profit decreased by 2.63% to 241 million yuan [6] - The company's gross profit margin stands at 30.89%, with a debt ratio of 42.29% [6] Group 5: Market Sentiment - In the last 90 days, three institutions have given buy ratings for the stock, with an average target price of 16.8 yuan [7] - The stock has seen a net inflow of 167 million yuan in financing over the past three months, indicating positive market sentiment [7]