Newcapec(300248) China Post Securities·2025-02-24 08:15Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [2][10]. Core Insights - The company is a leader in the smart campus sector with a market share exceeding 40%, focusing on information technology solutions for educational institutions [5]. - The introduction of AI-driven services, such as the "Xiao Mei" AI assistant, enhances campus services by providing personalized support for various student and faculty needs [6][7]. - The partnership with Huawei aims to advance AI applications in education, enhancing user experience and fostering innovation in the sector [8][10]. Company Overview - The latest closing price is 12.50 yuan, with a total market capitalization of 60 billion yuan and a circulating market value of 51 billion yuan [4]. - The company has a debt-to-asset ratio of 18.0% and a price-to-earnings ratio of 55.38 [4]. Financial Projections - Expected earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 0.28, 0.35, and 0.43 yuan respectively, with corresponding price-to-earnings ratios of 44.73, 35.84, and 29.23 [10][12]. - Revenue forecasts for 2024, 2025, and 2026 are 1.109 billion, 1.288 billion, and 1.512 billion yuan, reflecting growth rates of 4.44%, 16.22%, and 17.38% respectively [12][15].