Investment Rating - The report assigns an "Accumulate" rating for the company [3]. Core Insights - The company is focusing on expanding its AI+3D digital twin and information software business while solidifying its traditional 3D visualization products and integrated digital services. The company is increasing R&D investment and creating benchmark cases [2][6]. - The company has made significant advancements in video technology with the launch of the Sora AI video model, which is expected to drive rapid growth in the AR/VR industry. The global VR market is projected to grow at a CAGR of 24.74% from 2023 to 2028 [1][6]. - The company plans to repurchase shares worth between RMB 25 million and RMB 50 million, with a maximum repurchase price of RMB 22 per share, to maintain company value and protect shareholder interests [1]. Financial Summary - The company’s total market capitalization is approximately RMB 2.49 billion, with a circulating market value of about RMB 1.56 billion. The stock has seen a 52-week high of RMB 57.37 and a low of RMB 15.71, with a 52-week decline of 34.74% [4][14]. - Revenue projections for 2023, 2024, and 2025 are RMB 645 million, RMB 748 million, and RMB 902 million, respectively, with corresponding net profits of RMB 16.23 million, RMB 59.63 million, and RMB 96.01 million [14][15]. - The company is expected to achieve an EPS of RMB 0.15, RMB 0.57, and RMB 0.92 for the years 2023, 2024, and 2025, respectively, with P/E ratios of 147, 40, and 25 [14][15].
动态点评：拓展AI+3D数字孪生，回购彰显发展信心