Investment Rating - The investment rating for the company is "Buy" (首次) [3] Core Views - The company is actively engaging in new business ventures and has become a strategic shareholder in multiple high-quality enterprises [2] - A strategic cooperation agreement has been signed with Keton Technology, the general agent of NVIDIA in China, to explore the layout of intelligent computing centers [8] - The company aims to leverage its extensive customer resources to assist Keton Technology in expanding into various sectors, including internet enterprises and AI companies [8] Financial Summary - Projected revenue for 2024 is 4,208.40 million, with a decrease of 20.35% from the previous year, followed by a gradual recovery in subsequent years [3] - Expected net profit attributable to the parent company for 2025 is 288.73 million, showing a significant increase of 134.16% compared to 2024 [3] - Earnings per share (EPS) is projected to grow from 0.58 in 2024 to 2.33 in 2027 [3] - The price-to-earnings (P/E) ratio is expected to decrease from 53.60 in 2024 to 13.47 in 2027, indicating improving valuation over time [3] Basic Data - The closing price of the stock is ¥31.35, with a total market capitalization of 6,609.11 million [4]