GRG Banking(002152) 万联证券·2024-02-28 16:00Investment Rating - The investment rating for the company is "Buy" [6][11]. Core Insights - The company has reported a robust growth in performance, with total revenue for 2023 reaching 9.042 billion yuan, a year-on-year increase of 20.14%. The net profit attributable to shareholders was 979.5 million yuan, up 18.39% year-on-year [3][4]. - The company is focusing on high-quality development through its two main business lines: financial technology and urban intelligence. The fourth quarter of 2023 is expected to see a revenue of 3.298 billion yuan, a growth of 20.20% year-on-year, and a net profit of 227 million yuan, reflecting a significant increase of 41.82% year-on-year [4][5]. - The company is actively transforming into a "data operator" and is expanding its public data operation business, including a project for the Guangzhou AI public computing center [4][5]. Financial Forecast - The adjusted revenue forecasts for 2023-2025 are 9.042 billion, 10.365 billion, and 11.675 billion yuan respectively, with net profits of 979.5 million, 1.146 billion, and 1.293 billion yuan [4][9]. - The earnings per share (EPS) are projected to be 0.39 yuan for 2023, 0.46 yuan for 2024, and 0.52 yuan for 2025 [5][10].