GIT(SZ:300465) China Post Securities·2025-09-15 08:11Investment Rating - The report initiates coverage with a "Buy" rating for the company [10] Core Views - The company has been focusing on the financial IT service sector, providing comprehensive IT solutions for the banking industry, and has established a strong market presence with competitive solutions [4][5] - The establishment of the Artificial Intelligence and Financial Big Data Division marks a significant shift towards integrating AI technologies into its business model, aiming to enhance its service offerings and market competitiveness [5][10] - The company reported a stable growth in its main financial technology business, achieving a revenue of 520 million yuan in the first half of 2025, representing a year-on-year increase of 2.74%, with a notable net profit growth of 60.35% [6] Financial Performance - The company's revenue from software development and services reached 478 million yuan, up 6.87% year-on-year, while the lower-margin system integration and service business saw a decline of 28.70% [6] - The company has effectively controlled costs, leading to a decrease in sales, management, and R&D expense ratios, contributing to improved net profit margins [6] - The projected earnings per share (EPS) for 2025-2027 are estimated at 0.12, 0.15, and 0.20 yuan, with corresponding price-to-earnings (P/E) ratios of 210.70, 164.47, and 123.48 [10][12] Product and Technology Integration - The integration of AI technologies into various product lines is expected to enhance the company's market competitiveness, particularly in credit, data analysis, and operational efficiency [7][9] - The company plans to leverage the DeepSeek platform for innovative applications in the financial sector, improving decision-making processes and data management [7][9]