DIGIWIN(SZ:300378) Changjiang Securities·2025-08-19 13:13Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Viewpoints - The domestic AI Agent industry is currently transitioning from being easy to use to being truly effective, with rapid increases in AI penetration [2][10] - The company is actively embracing AI, having recently hosted an event to discuss its vision for the future of AI and digital transformation, and has been recognized as a leading AI enterprise [4][10] - The company is expected to achieve net profits of 197 million, 243 million, and 295 million yuan for the years 2025 to 2027, with corresponding growth rates of 26%, 23%, and 22% [10] Summary by Sections Company Overview - The company has made significant investments in AI, enhancing its product capabilities and accelerating the formation of a commercial closed loop [2][10] - The company has released multiple AI software infrastructure suites in 2025, integrating AI across its business operations [10] Market Position - The company has been recognized in various rankings, including being listed among the top 30 global AI+ enterprises and the top 20 decision-making AI companies in China [4][10] - The company is positioned to lead industry changes due to its accumulated industry know-how and customer base [10] Financial Projections - The company is projected to have total revenue of 2.58 billion, 2.91 billion, and 3.34 billion yuan from 2025 to 2027, with a gross profit margin of approximately 57% to 59% [13] - The earnings per share (EPS) are expected to increase from 0.72 yuan in 2025 to 1.09 yuan in 2027 [13]