EASTMONEY(300059) 国元证券·2024-06-17 06:30Investment Rating - The report maintains a "Buy" rating for Oriental Wealth (300059 SZ) due to its growth potential in the internet service platform sector and the healthy development of China's capital market [5] Core Views - Oriental Wealth's Choice Smart Financial Terminal 8 0 version has been officially launched, featuring AI-powered functionalities that enhance investment research efficiency and decision-making [2][3] - The terminal leverages a self-developed financial large model, "Miaoxiang," which is built on trillions of financial data points and offers leading capabilities in security and professionalism [3] - The 8 0 version introduces seven intelligent scenarios, including AI search, AI Q&A, AI report summarization, and AI bond trading assistant, aiming to address user pain points and improve research efficiency [4] Financial Projections - The company's revenue is projected to grow from 11 816 38 million yuan in 2024 to 13 252 33 million yuan in 2026, with a compound annual growth rate (CAGR) of 6 63% to 5 64% [5][10] - Net profit attributable to the parent company is expected to increase from 8 852 29 million yuan in 2024 to 10 157 51 million yuan in 2026, with a CAGR of 8 04% to 6 83% [5][10] - Earnings per share (EPS) are forecasted to rise from 0 56 yuan in 2024 to 0 64 yuan in 2026, with a corresponding P/E ratio decreasing from 22 00 to 19 18 [5][10] Business Highlights - The Choice Smart Financial Terminal 8 0 version supports multiple operating systems, including Windows, Mac OS, and domestic Linux, providing seamless cross-platform and cross-system intelligent interaction [3] - The terminal's AI capabilities include intelligent search, real-time data tracking, and report summarization, which significantly improve the efficiency of investment research and decision-making [4] - The bond-related AI functionalities, such as AI bond information and AI bond trading assistant, offer real-time updates and structured non-standard quotation information, enhancing trading opportunities [4] Market Position - Oriental Wealth is a rare internet service platform in China, with significant growth potential as the capital market continues to develop [5] - The company's financial data coverage and real-time service capabilities are industry-leading, providing a competitive edge in the financial information service sector [3]