Richinfo Technology (300634) Soochow Securities·2025-04-22 10:23Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's Q1 2025 performance met market expectations, with revenue of 488 million yuan, a year-on-year increase of 15.08%, and a net profit attributable to shareholders of 73 million yuan, down 12.25% [2] - The company has launched its "AI 2.0" strategy, aiming to introduce self-learning digital employees by 2026, focusing on enhancing short-term ROI through precise empowerment and long-term value growth by restructuring business processes with AI [8] - The earnings per share (EPS) forecast for 2024-2025 has been adjusted to 0.72 yuan and 0.89 yuan, respectively, with a projected EPS of 1.01 yuan for 2027, indicating potential benefits from the growth in AI applications and the information technology sector [8] Financial Summary - Total revenue is projected to grow from 1,652 million yuan in 2024 to 2,778 million yuan in 2027, reflecting a compound annual growth rate (CAGR) of approximately 19.06% [1][9] - The net profit attributable to shareholders is expected to increase from 230 million yuan in 2024 to 455 million yuan in 2027, with a notable growth rate of 40.71% in 2025 [1][9] - The company's price-to-earnings (P/E) ratio is forecasted to decrease from 47.29 in 2024 to 23.91 in 2027, indicating an improving valuation over time [1][9]