DIGIWIN(SZ:300378) Guoyuan Securities·2025-04-30 06:55Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [4][6]. Core Insights - The company achieved steady growth in its operating performance, with a revenue of 2.331 billion yuan in 2024, representing a year-on-year increase of 4.62%. The net profit attributable to shareholders was 156 million yuan, up 3.59% year-on-year [2]. - In the first quarter of 2025, the company reported a revenue of 423 million yuan, a year-on-year growth of 4.33%, although it recorded a net loss of 8.33 million yuan [2]. - The company is leveraging advancements in AI technology, with significant growth in its AI business in Taiwan, which saw a revenue increase of 135.07% year-on-year [2]. Financial Performance Summary - The company’s revenue for 2025 is projected to be 2.592 billion yuan, with a net profit of 201 million yuan, and an EPS of 0.74 yuan per share. The projected P/E ratios for 2025, 2026, and 2027 are 49.20, 40.96, and 35.33 respectively [4][7]. - The company has been increasing its R&D investment, particularly in its AI platform, which enhances user experience and functionality [3]. - The financial forecasts indicate a steady growth trajectory, with revenues expected to reach 3.114 billion yuan by 2027, and net profits projected to grow to 280 million yuan [7].