东兴证券：东兴晨报-20250221

Group 1: Company Overview - The company, Juewei Food, is leading in AI application and has implemented a comprehensive digital strategy across management, production, and marketing, enhancing efficiency in connecting "people, goods, and places" [1][2] - Juewei has achieved full coverage across major online platforms, allowing for precise insights into consumer demand and habits, which guide product development and marketing strategies [1][2] - The introduction of a digital system has improved store selection efficiency by 70.5%, with future AI integration expected to increase accuracy to over 90% [2] Group 2: AI and Marketing Strategy - Juewei has partnered with Tencent and other leading companies to launch the AIPC plan, focusing on deep AI integration in retail chains, which has led to the development of the AI assistant "Xiao Huo Ya" [2] - The AI application has evolved to version 2.0, with over 30,000 users and more than a million visits, resulting in a 39% increase in operational efficiency [2] - The company has successfully launched popular products, such as the "Fortune Bucket," contributing to significant sales growth [2] Group 3: Financial Projections - Juewei is projected to achieve a 5.18% increase in sales revenue and an 11.97% increase in net profit attributable to shareholders by 2025, with an expected EPS of 0.67 yuan [3] - Despite a challenging consumer environment, the long-term impact of AI technology on operational efficiency is expected to be transformative for the company [3] - The current stock price corresponds to a PE ratio of 22.74 times, indicating a strong investment outlook [3] Group 4: Industry Insights - The report highlights the agricultural sector's focus on rural revitalization, food security, and agricultural technology as key themes in the upcoming central policy document [7][8][9] - The agricultural sector is expected to outperform the market following the release of the central policy document, with specific opportunities identified in food processing, feed, and breeding industries [9] - Investment strategies suggest focusing on agricultural technology, particularly in biological breeding, with recommended stocks including Longping High-Tech and Da Bei Nong [9]