Juewei Food (603517) 东兴证券·2025-02-19 12:23Investment Rating - The report maintains a "Strong Buy" rating for the company [2][5]. Core Insights - The company is leading in AI applications and has implemented a comprehensive digital strategy across management, production, and marketing, enhancing efficiency in operations [3][4]. - A partnership with Tencent has been established to explore deep applications of AI in retail, resulting in the development of the AI assistant "Xiao Huo Ya," which has significantly improved operational efficiency [3][5]. - The introduction of a digital system has increased store location efficiency by 70.5%, with future AI integration expected to boost accuracy to over 90% [4]. Financial Performance and Projections - The company has over 15,000 stores and is expected to see a sales revenue growth of 5.18% in 2025, with a net profit growth of 11.97%, leading to an EPS of 0.67 yuan [5][6]. - The financial forecast indicates a revenue of 7,158.86 million yuan in 2025, with a projected net profit of 423.10 million yuan [6]. - The company’s net asset return is expected to improve from 5.00% in 2023 to 5.71% in 2025 [6].