中控技术：AI大模型+行业Knowhow，重塑流程工业智能化

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company has fully integrated the DeepSeek large model, aiming to reshape the intelligence of process industries through AI and industry know-how [8] - The company has a strong market presence, covering over 30,000 process enterprise customers and achieving a domestic market share of nearly 40% in DCS, over 55% in the chemical sector, and nearly 50% in the petrochemical sector [8] - The company maintains its profit forecast, expecting net profits of 1.256 billion, 1.512 billion, and 1.822 billion yuan for 2024, 2025, and 2026 respectively, corresponding to PE ratios of 37X, 30X, and 25X [8] Financial Data and Profit Forecast - Total revenue is projected to grow from 8,620 million yuan in 2023 to 13,586 million yuan in 2026, with a compound annual growth rate (CAGR) of approximately 16.4% [7] - The net profit attributable to the parent company is expected to increase from 1,102 million yuan in 2023 to 1,822 million yuan in 2026, reflecting a CAGR of about 20.5% [7] - The earnings per share (EPS) is forecasted to rise from 1.44 yuan in 2023 to 2.30 yuan in 2026 [7]