国能日新：受益电改的AI“量化预测师”

Investment Rating - The report assigns a "Recommended" rating to the company, with a target price of 39.57 CNY per share [67]. Core Viewpoints - The company is positioned as a leader in the renewable energy sector, focusing on energy data management and smart energy solutions, which are crucial for the ongoing energy transition [60][65]. - The company has a strong growth trajectory, with revenue and net profit steadily increasing, supported by a growing customer base and strategic investments [83][84]. - The company is leveraging AI technology to enhance power forecasting accuracy, which is essential for optimizing energy trading and improving economic efficiency in the renewable energy market [7][38][66]. Summary by Sections 1. Company Overview - The company, established in 2008, specializes in information technology solutions for the renewable energy sector, focusing on data applications and smart energy management [60]. - It has successfully transitioned to a public company, listed on the Shenzhen Stock Exchange in 2022, and has received multiple industry accolades for its innovative solutions [60][78]. 2. Market Context - The renewable energy market in China is experiencing rapid growth, with the company expected to benefit from the increasing integration of renewable energy sources into the national grid [7][30]. - The report highlights the importance of accurate power forecasting in managing the volatility and instability associated with renewable energy sources [7][17]. 3. Business Segments - The company operates several key business segments, including renewable energy power forecasting, smart grid management, and energy trading solutions, all of which are interconnected to enhance overall efficiency [60][66]. - The power forecasting segment is projected to grow significantly, with a market size expected to reach 22.7 billion CNY by 2027, reflecting a compound annual growth rate (CAGR) of 15.38% [30]. 4. Financial Performance - The company reported a revenue of 456 million CNY in 2023, with a projected growth rate of approximately 26.9% for the following year [48]. - The net profit attributable to shareholders is expected to increase from 84 million CNY in 2023 to 199 million CNY by 2026, indicating a robust growth trajectory [48]. 5. Strategic Initiatives - The company is actively pursuing innovation in its business model, particularly through the adoption of a SaaS-like approach for its forecasting services, which enhances customer retention and revenue stability [22][66]. - The report emphasizes the company's commitment to expanding its market presence and improving its service offerings in response to the evolving energy landscape and regulatory environment [30][47].