研发持续加码，看好公司发展前景

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [12]. Core Views - The company is increasing its investment in research and development, particularly in artificial intelligence, which is expected to enhance its competitive edge in the financial information services sector [2][8]. - The company's self-developed financial industry model, HithinkGPT, has shown strong performance in financial scenarios and is designed to integrate with existing products and services, improving overall product quality [2]. - The company is recognized as a leading provider of internet financial information services in China, with significant advantages in product offerings, customer resources, technology, and brand recognition [2]. Financial Summary - The company's total revenue for Q1 2024 was 618 million yuan, with a year-over-year growth of 1.47% but a quarter-over-quarter decline of 48.08% [1]. - The net profit attributable to shareholders for Q1 2024 was 104 million yuan, reflecting a year-over-year decrease of 15.03% and a quarter-over-quarter decrease of 83.56% [1]. - The company's revenue for 2024 is projected to reach 4,020.15 million yuan, with a year-over-year growth rate of 12.79% [8]. - The diluted EPS for 2024 is estimated at 3.14 yuan, with corresponding P/E ratios of 39.37 for 2024, 35.18 for 2025, and 31.37 for 2026 [2][8].