Zhongyan Technology (SZ:003001) Guoxin Securities·2025-04-02 11:15Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1][4][23] Core Viewpoints - The strategic cooperation between the company and Jingtai Technology is expected to drive a revolution in geotechnical engineering efficiency through AI empowerment, significantly shortening the research and development cycle of geotechnical materials and reducing overall costs [2][3][9] - The company has made significant progress in major national engineering projects, including collaborations in the nuclear power and hydropower sectors, which are expected to accelerate the realization of related orders [3][16][18] Summary by Relevant Sections Strategic Cooperation - The company signed a strategic cooperation agreement with Jingtai Technology, focusing on the fields of soil solidification agents and soft foundation solidification, combining industry experience with AI technology to create a new generation of intelligent geotechnical material systems [2][3] Market Opportunities - The collaboration is anticipated to enhance the company's leading advantage in geotechnical engineering, opening up potential market space for foundation treatment services [3][4] - The company has secured strategic partnerships with major players in the nuclear power and hydropower sectors, which are expected to lead to accelerated project approvals and order realizations [16][18] Financial Forecast - The company is projected to achieve revenues of 919 million, 1.342 billion, and 2.050 billion yuan for the years 2024, 2025, and 2026 respectively, with net profits of 71 million, 147 million, and 299 million yuan, reflecting significant growth rates of +123%, +106%, and +103% [4][23]