Investment Rating - The report maintains a "Buy" rating for Tianli International Holdings (01773) with a target price not specified [5]. Core Insights - The company has signed a project investment agreement with the Haikou Education Bureau, marking a significant expansion in its national footprint and establishing a modern smart high school with a capacity of no less than 2,500 students [1]. - The strategic layout in Hainan Free Trade Port is seen as a key breakthrough for the company, leveraging policy advantages to explore diversified educational models [1]. - The company is accelerating its integration of AI technology in education, collaborating with leading AI firms to enhance personalized learning and optimize teaching management [2]. - Tianli's subsidiary, Qiming Daren Technology, has been recognized as a pioneer in educational digitization, with its cloud platform covering various educational aspects [2]. - The company has achieved notable educational outcomes, including awards in national competitions and recognition for innovative educational projects [3]. Financial Projections - Revenue projections for FY25-27 are estimated at 4.6 billion RMB, 6.4 billion RMB, and 8.8 billion RMB respectively, with adjusted net profits of 800 million RMB, 1.1 billion RMB, and 1.4 billion RMB [4]. - Earnings per share (EPS) are projected to be 0.38 RMB, 0.51 RMB, and 0.67 RMB for the same periods [4].
天立国际控股：海南自贸港布局落子，加速AI在教育场景融合创新-20250309