Taiji Corp,Ltd(002368) 民生证券·2025-04-10 09:37Investment Rating - The report maintains a "Recommended" rating for the company [8] Core Viewpoints - The company has launched the "Taiji Low-Code Development Platform TDP V25.0.0," marking a new stage of intelligence in the low-code development field through AI-driven data modeling and code generation [4][5] - The company is positioned as a leader in the "Xinchuang" (information innovation) sector, with steady revenue growth from its subsidiary, Electric Science and Technology JinCang, which achieved a revenue of 433 million yuan in 2024, a year-on-year increase of 16.02% [6] - The company is actively developing data elements and aims to play a significant role in the national data element development strategy, focusing on data resource utilization challenges [7][9] - The company is expected to enhance its "cloud + data + application" service capabilities, with projected net profits for 2025-2027 of 313 million, 409 million, and 531 million yuan, respectively [9] Financial Projections - The company forecasts total revenue of 7.836 billion yuan for 2024, with a growth rate of -14.8%, followed by 9.039 billion yuan in 2025, representing a growth rate of 15.4% [10][12] - The projected net profit for 2024 is 191 million yuan, with a significant increase to 313 million yuan in 2025, reflecting a growth rate of 63.7% [10][12] - The earnings per share (EPS) is expected to rise from 0.31 yuan in 2024 to 0.50 yuan in 2025, with a corresponding price-to-earnings (PE) ratio decreasing from 81 to 49 [10][12]