Actions(SH:688049) China Post Securities·2025-08-29 10:44Investment Rating - The investment rating for the company is "Buy" [4] Core Views - The company has accelerated its AI transformation across all product categories, achieving significant revenue growth driven by strong AI technology integration. In the first half of 2025, the company reported revenue of 449 million yuan, a year-on-year increase of 60.12%, and a net profit attributable to shareholders of 91 million yuan, up 123.19% year-on-year [2][3] - The company is focusing on upgrading existing application scenarios and expanding into emerging markets. The integration of AI with hardware has created new market opportunities, and the company is committed to providing low-power, high-performance AI chip solutions for battery-powered edge devices. The successful launch of several AI audio chips has already shown significant commercial success [3][4] Financial Forecasts - Revenue projections for the company are 910 million yuan, 1.21 billion yuan, and 1.61 billion yuan for the years 2025, 2026, and 2027 respectively. Net profits are expected to be 190 million yuan, 260 million yuan, and 370 million yuan for the same years [4][8] - The company anticipates a compound annual growth rate (CAGR) of approximately 39.4% for revenue from 2024 to 2025, and a net profit growth rate of 76% for the same period [8][9]