Investment Rating - The report maintains a "Buy" rating for the company [4] Core Insights - The upgraded "Qingjiao Assistant" application integrates Deepseek R1, significantly enhancing lesson preparation efficiency and teaching quality, allowing teachers to focus more on students' emotional and developmental needs [1][2] - The company is committed to exploring AI applications in education, leveraging offline education's unique advantages to improve service quality and operational efficiency [3] - The introduction of AI tools is expected to create a competitive advantage for leading institutions while posing challenges for smaller entities, potentially reshaping the educational landscape [3] Financial Projections - Revenue forecasts for 2024, 2025, and 2026 are projected at 880 million RMB, 1.53 billion RMB, and 1.83 billion RMB respectively, with adjusted net profits of 180 million RMB, 280 million RMB, and 340 million RMB [4] - Earnings per share (EPS) are expected to be 0.21 RMB, 0.33 RMB, and 0.40 RMB for the same years, corresponding to price-to-earnings (PE) ratios of 17x, 11x, and 9x [4] - The current stock price is 3.53 HKD, with a total market capitalization of approximately 2.99 billion HKD [4]
卓越教育集团：“青椒助教”全面升级，接入Deepseek R1-20250218