Eazytec(SH:688258) KAIYUAN SECURITIES·2025-06-11 14:42Core Insights - The report highlights the promising commercial prospects of the AI+IDE platform EazyDevelop launched by the company, maintaining a "Buy" rating and adjusting profit forecasts for 2025-2027 [2][4][5] - Expected net profits for 2025-2027 are projected at 0.88 billion, 1.58 billion, and 2.97 billion respectively, with EPS at 0.73, 1.30, and 2.45 yuan per share [2][4] - The current price-to-earnings (PE) ratios are 65.6, 36.8, and 19.6 for the respective years, indicating strong growth potential driven by both firmware and IDE businesses [2][4] Company Overview - The company recently released the public beta version of EazyDevelop, an integrated development platform that leverages AI large models and multi-agent technology to automate the entire software development process [4][5] - The platform aims to enhance efficiency and intelligence in software development, covering aspects from requirement analysis to operational monitoring [4] Market Context - The report notes the significant growth in the AI programming sector, citing a recent funding round for Anysphere, the parent company of AI programming tool Cursor, which achieved a valuation of 9.9 billion dollars [5] - The company is positioned as a rare player in the domestic AI programming field, with a strong technological foundation and promising performance expectations [5]