ROYALFLUSH INFO(300033) 华鑫证券·2024-10-07 23:30Investment Rating - The report maintains a "Buy" investment rating for the company [2][4] Core Insights - The company is experiencing a stable overall operational situation while continuously increasing its R&D efforts [2] - In the first half of 2024, the company achieved revenue of 1.389 billion yuan, a year-on-year decrease of 5.51%, and a net profit attributable to shareholders of 363 million yuan, down 20.99%, primarily due to increased expenses [2] - The company has been focusing on AI technology development, establishing a significant technological lead with numerous patents and software copyrights [2][3] Financial Performance - The company's revenue for 2024 is projected to be 3.848 billion yuan, with a growth rate of 8.0% [4] - The net profit for 2024 is expected to be 1.328 billion yuan, reflecting a decrease of 5.3% compared to the previous year [4] - The earnings per share (EPS) for 2024 is forecasted at 2.47 yuan, with corresponding price-to-earnings (PE) ratios of 78, 72, and 63 for 2024, 2025, and 2026 respectively [4] Market Context - The financial technology market in China is expected to exceed 600 billion yuan in 2023, benefiting from improved digital infrastructure and favorable policies [3] - The report highlights that the company is well-positioned to leverage the growth in the financial technology sector, which has shown resilience despite recent challenges [3]