行动教育：扎实成长，拥抱AI-20250223

Investment Rating - The report maintains a "Buy" rating for the company, with a target price not specified [7]. Core Insights - The company is integrating AI capabilities through the DeepSeek-R1 model, enhancing its operational efficiency and decision-making processes [1][2]. - The company has launched the "Hundred Schools Plan," aiming to establish 100 branches in key cities over the next 3-5 years, which is expected to accelerate its growth [3]. - The company focuses on providing effective management education, targeting the development of managerial skills and organizational innovation [4]. Financial Projections - The company forecasts revenue growth from 450.92 million in 2022 to 1,229.46 million by 2026, with a compound annual growth rate (CAGR) of approximately 23.50% [6][12]. - The projected EPS for 2024, 2025, and 2026 are 2.17, 2.58, and 3.17 respectively, indicating a positive growth trajectory [4][12]. - The company expects to maintain a gross margin of around 79% and a net profit margin of approximately 30% over the next few years [12].