Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [4][6]. Core Viewpoints - The company has achieved steady growth in its operating performance, with a revenue of 2.331 billion yuan in 2024, representing a year-on-year increase of 4.62%. The net profit attributable to shareholders was 156 million yuan, up 3.59% year-on-year [2]. - In the first quarter of 2025, the company reported a revenue of 423 million yuan, a year-on-year growth of 4.33%, although it recorded a net loss of 8.33 million yuan [2]. - The company is leveraging advancements in AI technology, with significant growth in AI business revenue in Taiwan, which increased by 135.07% year-on-year [2]. - The company is increasing its R&D investment to enhance its AI applications, including the launch of the IndependAI platform, which supports the development of AI Agent applications [3]. Financial Performance Summary - For 2024, the company achieved a total revenue of 2.331 billion yuan, with a net profit of 156 million yuan. The revenue growth rate was 4.62%, while the net profit growth rate was 3.59% [7]. - The forecast for 2025-2027 indicates revenues of 2.592 billion, 2.855 billion, and 3.114 billion yuan, respectively, with net profits projected at 201 million, 242 million, and 280 million yuan [4][7]. - The earnings per share (EPS) are expected to be 0.74, 0.89, and 1.03 yuan for the years 2025, 2026, and 2027, respectively [4][7].