石基信息：动态点评：知名酒店品牌屡签约，彰显产品竞争力

Investment Rating - The report maintains a "Buy" rating for Shiji Information (002153) [3] Core Views - The company's product competitiveness is demonstrated by its contracts with renowned hotel brands, both domestically and internationally [2] - The strategic cooperation framework agreement with Jinjiang Hotels (China) is expected to bring long-term financial benefits and enhance the company's brand image [1] - The company's domestic hotel segment has seen significant growth in contract signings, indicating strong competitiveness in Greater China [2] - New business areas, such as destination and scenic spot solutions, are expected to drive domestic revenue growth [2] - The company is well-positioned to benefit from new consumption scenarios, including high-end tourism and theme parks, leveraging its platform synergies [2] Financial Forecasts - Revenue is projected to grow from 2,749.33 million yuan in 2023 to 3,824.86 million yuan in 2026, with a CAGR of 11.56% [5] - EBITDA is expected to increase from 69.84 million yuan in 2023 to 376.81 million yuan in 2026 [5] - Net profit attributable to the parent company is forecasted to rise from -104.62 million yuan in 2023 to 248.95 million yuan in 2026 [5] - EPS is projected to improve from -0.04 yuan per share in 2023 to 0.09 yuan per share in 2026 [5] Market Performance - The company's total market capitalization is 22,270.22 million yuan, with a circulating market capitalization of 13,054.07 million yuan [4] - The stock's 52-week high and low prices are 11.59 yuan and 4.81 yuan, respectively [4] - The 52-week P/E ratio ranges from -21.56 to -220.12, while the P/B ratio ranges from 1.82 to 4.20 [4] - The stock has experienced a 52-week decline of 26.10%, with a turnover rate of 269.46% [4]