Core Insights - The article highlights the rapid advancement and integration of artificial intelligence (AI) across various industries, emphasizing its role as a strategic technology driving a new wave of technological revolution and industrial transformation [1][2]. Industry Trends - The Chinese government is promoting the "AI+" initiative to integrate digital technology with manufacturing and market advantages, supporting the widespread application of large models and the development of new intelligent terminals [1]. - AI technology is evolving at an exponential rate, becoming a core driver of industrial innovation and development, with the National Development and Reform Commission planning to expand AI market applications [2]. Company Developments - Companies like Rui Ming Technology are focusing on AI and video technology, with significant investments in R&D since 2016, leading to the development of the SafeGPT model that enhances vehicle safety and efficiency [2]. - Shen Zhou Tai Yue has achieved a revenue of 6.452 billion yuan in 2024, a year-on-year increase of 8.22%, and a net profit of 1.428 billion yuan, reflecting a 60.92% growth, attributed to the integration of AI across its business lines [3]. - The company has successfully reduced production costs in game development by 40% for 2D games and 20% for 3D games through AI tools, indicating a significant impact on operational efficiency [4]. R&D Investments - Companies are increasing R&D investments to maintain competitive advantages in the rapidly evolving AI landscape, with Rui Ming Technology planning to enhance its R&D resources and efficiency, reporting a 15.14% increase in R&D expenses to 284 million yuan in 2024 [6]. - The focus on understanding AI application scenarios and technology is crucial for companies to gain recognition in their respective fields, as failure to do so could negatively impact brand and market competitiveness [6]. Market Dynamics - The capital market is responding positively to the AI sector, with companies actively shaping new ecosystems and exploring innovative applications, driven by both policy support and market vitality [6].

Core Insights - The event organized by Shenzhen Stock Exchange focused on the theme "Empowering Intelligence, Pursuing New Blue Oceans," highlighting the integration of AI technology in business development and its impact on company performance [1] Group 1: AI-Driven Performance Growth - Companies are experiencing robust growth driven by AI technology, with examples like Ruiming Technology reporting a 63.45% increase in total revenue to 2.777 billion yuan and a 184.50% rise in net profit to 290 million yuan in 2024 [2] - Shenzhou Taiyue achieved a revenue of 6.452 billion yuan, an 8.22% increase, and a net profit of 1.428 billion yuan, up 60.92%, marking five consecutive years of revenue and profit growth [2] Group 2: AI Application and Innovation - Companies are actively integrating AI into their operations, with Shenzhou Taiyue utilizing AI tools in game production, reducing 2D art costs by 40% and 3D art costs by 20% [2] - Guolinda has developed an AI model for the construction industry, enhancing automation and decision-making across the project lifecycle, and has committed to deep integration of AI in all products [3] Group 3: R&D Investment and Strategy - Companies are increasing R&D investments to enhance technological foundations and efficiency, with Ruiming Technology allocating 284 million yuan to R&D, a 15.14% increase [4] - Shenzhou Taiyue plans to leverage its digital capabilities to explore new technologies and business models in the AI era, aiming for stable cash flow from new business lines [4] - Collaboration through mergers and acquisitions is encouraged by current policies, with Shenzhou Taiyue looking to invest in quality assets to support long-term growth [5]

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [2][11]. Core Insights - The company has shown significant improvement in profit management, with a 116.2% year-on-year increase in net profit for 2024, reaching 250 million yuan, despite a 4.93% decline in total revenue [7][11]. - The company is focusing on cost control and efficiency improvements, resulting in a 5.97% reduction in sales, management, and R&D expenses [7]. - The introduction of an AI-driven solution for the construction industry is expected to enhance the company's competitive edge and drive future growth [11]. Financial Performance Summary - For 2024, the company reported total revenue of 6,240 million yuan, a decrease of 4.93% year-on-year, while the net profit was 250 million yuan, reflecting a 116.2% increase [6][7]. - The projected revenue for 2025 is 6,324 million yuan, with a net profit forecast of 502 million yuan, indicating a growth of 100.6% [6][11]. - The company's gross margin is expected to improve slightly from 84.3% in 2024 to 85.1% by 2027 [6][12]. Business Segment Analysis - The digital cost business is projected to generate revenue of 4,986 million yuan in 2024, with a gross margin of 93.42% [12]. - The digital construction segment is expected to see a revenue of 786.87 million yuan in 2024, with a gross margin of 35.87% [12]. - The overseas business is anticipated to grow, with revenue reaching 203.45 million yuan in 2024, reflecting a year-on-year increase of 5.08% [12]. Valuation and Market Position - The estimated market value range for the company is between 307.48 billion yuan and 338.46 billion yuan, with a reasonable value per share estimated between 18.61 yuan and 20.49 yuan [11]. - The company is positioned to benefit from the upcoming market reforms in construction pricing, which will enhance data service capabilities and accelerate AI integration [11].