Investment Rating - The report maintains a "Buy" rating for the company [7] Core Insights - The company plans to introduce strategic shareholders through a placement, which is expected to accelerate new business development [7] - The placement involves the issuance of up to 17,480,000 shares, representing approximately 1.77% of the company's existing share capital, with expected proceeds of around HKD 209.59 million [7] - The strategic partnership with Jingtai Technology and "Jiao Ge Peng You" is anticipated to enhance the company's new business expansion, leveraging AI technology and e-commerce synergies [7] Financial Projections - Total revenue is projected to grow from HKD 976.22 million in 2024 to HKD 1,658.05 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 17.51% [7][8] - Net profit attributable to shareholders is expected to increase from HKD 380.18 million in 2024 to HKD 849.83 million in 2027, with a CAGR of about 23.30% [7][8] - The earnings per share (EPS) is forecasted to rise from HKD 0.38 in 2024 to HKD 0.86 in 2027 [7][8] Market Data - The closing price of the stock is HKD 13.42, with a market capitalization of approximately HKD 12,275.28 million [5] - The price-to-earnings (P/E) ratio is projected to decrease from 32.16 in 2024 to 14.39 in 2027, indicating improving valuation metrics [7][8] Strategic Use of Proceeds - The net proceeds from the placement will primarily be used to accelerate the expansion of platform technology services, focusing on innovative sectors such as e-commerce, AI applications, and robotics [7] - Increased investment in research and development is planned, particularly for the "Sheng Yi Tong Cloud Platform" and AI application commercialization [7]
拟配售引入战略股东，新业务拓展有望加速