Eazytec(688258) 华鑫证券·2025-02-20 00:10Investment Rating - The report maintains a "Buy" investment rating for the company [1] Core Views - The company is advancing in both mergers and acquisitions as well as technology upgrades, particularly in the fields of domestic innovation and development tools [1] - The acquisition of a 48% stake in Aipu Yang Technology has been completed, resulting in full ownership, which is expected to stabilize and slightly grow the revenue from the PowerBuilder product line [3] - The low-code IDE tool SnapDevelop has gained traction with nearly 4,000 trial users, showcasing AI capabilities that enhance coding efficiency [4] - The company is positioned as a leading supplier of core firmware in the domestic innovation sector, collaborating with major domestic chip manufacturers and maintaining a strong market presence [5][7] Financial Forecast - Revenue projections for 2024, 2025, and 2026 are estimated at 395 million, 502 million, and 644 million respectively, with corresponding EPS of 0.57, 0.78, and 0.99 [8][10] - The company is expected to experience significant growth, with revenue growth rates of 23.3%, 27.2%, and 28.3% for the years 2024 to 2026 [10] - The report indicates a steady increase in net profit, with projections of 69 million, 95 million, and 120 million for the same years [10]