证券代码：002721 证券简称：金一文化 北京金一文化发展股份有限公司 投资者关系活动记录表 | | 答：我们在银行也中标了一些 AI 大模型相关项目，公司已有或 | | --- | --- | | | 正在开发软件交付结合 AT 技术以改变或服务银行客户的智能体，如 | | | 在智能营销、财富管理、智能投顾及智能客服等智能产品建设。公 | | | 司的薪酬服务平台已经接入 deepseek；同时，公司与阿里合作了大 | | | 模型项目。 | | | 5、开科唯识关于跨境支付的规划及目前实施的路径？ | | | 答：开科唯识数字人民币产品利用区块链技术设计数币钱包的 | | | 分布式账本，独立支持运营钱包核心处理体系，包括钱柜管理、数 | | | 币钱包开户到销户的生命周期管理以及对钱包分类分级、钱包记账 | | | 与分布式对账、以及基于区块链的智能合约技术应用数字证书、数 | | | 字签名、加密存储等功能，在光大银行、盛京银行等银行已有相关 | | | 成熟的产品应用。区块链技术涉及的数字钱包及加密存储技术等可 | | | 以运用于稳定币领域。 | | | 6、开科唯识如何布局稳定币业务？ | ...

Investment Rating - The report maintains a "Buy" rating for Beijing Human Resources (600861) with a target price based on the last closing price of 22.32 [1][7]. Core Insights - The company reported a revenue of 430.32 billion yuan for 2024, representing a year-on-year growth of 12.32%, and a net profit attributable to shareholders of 7.91 billion yuan, up 44.42% year-on-year [4][5]. - In Q1 2025, the company achieved a revenue of 108.37 billion yuan, a growth of 2.72% year-on-year, and a net profit of 5.91 billion yuan, which is a significant increase of 180.41% year-on-year [4][5]. - The outsourcing business is identified as the core driver of revenue growth, accounting for 83.77% of total revenue, with a year-on-year growth rate of 13.96% [4][5]. - The company is focusing on digital upgrades to enhance operational efficiency through collaborations with technology firms [6]. Financial Performance Summary - For 2024, the company expects to achieve a revenue of 430.32 billion yuan, with a growth rate of 12.32%, and a net profit of 7.91 billion yuan, reflecting a growth rate of 44.42% [8]. - The projected net profits for 2025, 2026, and 2027 are 10.98 billion yuan, 10.1 billion yuan, and 11.47 billion yuan, with growth rates of 38.69%, -7.94%, and 13.52% respectively [7][8]. - The estimated earnings per share (EPS) for 2025, 2026, and 2027 are 1.94 yuan, 1.78 yuan, and 2.03 yuan, with corresponding price-to-earnings (PE) ratios of 12X, 13X, and 11X [7][8]. Cost Management and Efficiency - The company has shown significant improvement in cost management, with a decrease in selling, administrative, and research expenses as a percentage of revenue [6]. - The overall gross margin for 2024 was 5.89%, down 1.00 percentage point year-on-year, primarily due to the increased proportion of lower-margin outsourcing business [5][6].