Investment Rating - The report maintains a "Buy" rating for the company [6]. Core Insights - The company achieved a revenue of 1.754 billion RMB in the first three quarters of 2024, representing a year-on-year growth of 10.75%. The net profit attributable to shareholders was 195 million RMB, up 7.85% year-on-year. In Q3 2024, the revenue reached 668 million RMB, with a year-on-year increase of 14.07%, and the net profit attributable to shareholders was 63.09 million RMB, growing 2.81% year-on-year. Excluding foreign exchange gains and stock incentive impacts, the net profit attributable to shareholders for the first three quarters and Q3 increased by 34.86% and 26.56%, respectively [3][4][5]. Summary by Sections Financial Performance - The company plans to distribute a cash dividend of 0.25 RMB per 10 shares (tax included) to all shareholders [3]. - The revenue growth was driven by new customer acquisition and deeper exploration of customer needs, with a notable increase in advertising spending for app user acquisition, which grew by 18% year-on-year in the first half of 2024 [4]. Business Development - The company launched its "AI+BI+CI" full-chain digital solution in May 2024, enhancing service capabilities across various operational aspects, including creative material, campaign management, budget allocation, and performance data [5]. - The AI-driven marketing chain has been completed, which is expected to improve the quality and efficiency for advertisers. The projected net profits attributable to shareholders for 2024 and 2025 are estimated at 262 million RMB and 338 million RMB, respectively, with corresponding price-to-earnings ratios of 37 and 28 times [5].
易点天下：单三季度收入增长加速，AI持续赋能业务