Group 1 - The core viewpoint of the report is that the company is optimistic about the long-term development of Shenzhou Holdings, upgrading its rating to "Buy" [1] - Shenzhou Holdings has been focusing on the "Big Data + AI" strategy, optimizing its revenue and gross profit structure, with big data business becoming the main driver of revenue and profit growth [1] - The company is transitioning its business model from "resource-driven" to "technology-enabled," which is crucial in the digital economy era where demand for data applications in vertical fields is expected to grow rapidly [1] Group 2 - Shenzhou Holdings is expanding its global market presence alongside major Chinese enterprises like Huawei and BYD, with overseas business revenue reaching 929 million RMB in 2024, reflecting a compound annual growth rate of 41% from 2022 to 2024 [2] - The company continues to invest in the "Big Data + AI" field, launching the "Yanyun Infinity Platform" and securing large client orders, indicating a positive cycle of "technology validation - scenario implementation - commercial closure" [2] - Future performance and valuation improvements are anticipated as the company capitalizes on the dual benefits of the digital economy and industrial globalization [2]