中金：首予聚水潭“跑赢行业”评级 目标价41港元

Group 1 - The core viewpoint of the report is that 聚水潭 (Jushuitan) is a leading player in the global e-commerce SaaS market, with significant competitive advantages and a clear growth strategy, expected to enter a phase of steady revenue growth and rapid profit release [1] - 中金 (CICC) initiates coverage of 聚水潭 with an "outperform industry" rating and sets a target price of 41 HKD [1] - The company is projected to achieve earnings per share of 0.25, 0.86, and 1.38 RMB for the years 2025 to 2027, respectively, with a compound annual growth rate of 135% from 2024 to 2026 [1]