Investment Rating - The report maintains a "Buy" rating for Tianli International Holdings (01773) with a target price not specified [5]. Core Views - The company has signed a project investment agreement with the Haikou Education Bureau, marking a significant step in its national expansion strategy. The project aims to establish a modern smart high school with a capacity of no less than 2,500 students, leveraging the advantages of the Hainan Free Trade Port policy [1]. - The company is accelerating its integration of AI technology in education, collaborating with leading AI firms and experts to explore the potential of AI applications in personalized learning and educational management [2]. - Tianli International Holdings has achieved notable educational outcomes, including awards for its research projects and student achievements in various competitions, showcasing its commitment to educational excellence [3]. Financial Projections - The company projects revenues of RMB 4.6 billion, RMB 6.4 billion, and RMB 8.8 billion for FY25, FY26, and FY27 respectively. Adjusted net profits are expected to be RMB 800 million, RMB 1.1 billion, and RMB 1.4 billion for the same periods. Earnings per share (EPS) are forecasted at RMB 0.38, RMB 0.51, and RMB 0.67 [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-20250310