ThunderSoft(SZ:300496) Great Wall Securities·2024-06-14 00:31Investment 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 positioned to benefit from the rapid development of edge AI applications, with a focus on enhancing its product offerings in the AI PC sector [1][2]. - The recent share buyback and cancellation reflect the company's confidence in its long-term growth prospects and its commitment to maintaining market stability [6]. Financial Summary - Revenue is projected to grow from 5,242 million yuan in 2023 to 6,039 million yuan in 2024, representing a year-over-year growth rate of 15.2% [1][7]. - The net profit attributable to the parent company is expected to recover from 466 million yuan in 2023 to 651 million yuan in 2024, with a growth rate of 39.7% [1][6]. - The company's return on equity (ROE) is forecasted to improve from 4.0% in 2023 to 6.0% in 2024 [1][8]. Product Development - The collaboration with Qualcomm on the Snapdragon development kit aims to accelerate the development of next-generation AI PC applications, featuring high GPU performance and extensive connectivity options [2]. - The company has launched several edge AI applications, including the "Magic Cube Toolbox" and "Magic Law Assistant," which enhance user experience and productivity [2][3]. Share Buyback - The company completed a share buyback of 808,400 shares, accounting for 0.18% of its total share capital, with a total expenditure of approximately 49.99 million yuan [6].