Geovis(688568) Tebon Securities·2025-01-19 10:00Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company is positioned as a leader in low-altitude AI computing, with significant advancements in its cloud services and satellite data capabilities [5] - The company has established a comprehensive low-altitude cloud solution, integrating satellite data, AI algorithms, and supercomputing power [6] - The company has signed over 15 strategic cooperation agreements in low-altitude regions, indicating strong market engagement and potential for nationwide promotion [7] Summary by Sections Market Performance - The company's stock has shown a relative performance against the CSI 300 index, with absolute returns of -8.85%, -18.38%, and 29.17% over the last 1, 2, and 3 months respectively [4] Financial Forecasts - Projected total revenue for 2024-2026 is expected to be 35.69 billion, 53.82 billion, and 83.65 billion yuan, representing year-on-year growth rates of 41.86%, 50.82%, and 55.41% respectively [7] - Net profit forecasts for the same period are 4.38 billion, 6.96 billion, and 11.57 billion yuan, with growth rates of 27.98%, 58.75%, and 66.23% respectively [7] Key Developments - The company has developed a leading airspace grid map and a self-constructed satellite constellation, enabling high-resolution imaging and real-time weather forecasting [5] - The company has created a generative AI engine for remote sensing data, integrating extensive data processing capabilities and algorithms [5] - The company has built two digital low-altitude testing grounds to enhance its cloud capabilities through real flight data [5]