Investment Rating - The report maintains a "Buy" rating for the company [7] Core Insights - The launch of AI-Agentforce 2.0 aims to assist enterprises in transitioning from "AI trial" to "AI industrialization" through a standardized toolchain, addressing long development cycles and high operational costs [1][10] - The platform has successfully been applied in various industries, including retail, automotive, fintech, and B2B manufacturing, indicating a strong market demand for AI agents [2] - The report highlights the significant commercial progress of similar products from Salesforce and HubSpot, suggesting a robust demand for marketing SaaS solutions [4] Financial Forecast and Valuation - Revenue projections for the company are estimated at 2.355 billion, 3.088 billion, and 3.848 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 51.13%, 31.08%, and 24.62% [5][11] - The company is expected to achieve net profits of 56.11 million, 144.84 million, and 218.63 million yuan for the same years, indicating a turnaround from losses to profits [5][11] - Earnings per share (EPS) are projected to be 0.22, 0.57, and 0.85 yuan for 2025, 2026, and 2027 respectively [5][11]
迈富时（02556）：AI-Agentforce2.0，助力企业Agent敏捷部署