BizConf(300578) 天风证券·2025-02-21 14:23Investment Rating - The investment rating for the company is "Accumulate" [5] Core Views - The company is expected to achieve a net profit attributable to shareholders of 25 million to 37.5 million yuan in 2024, marking a return to profitability compared to the previous year [1] - The company has implemented cost reduction and efficiency improvement measures, leading to a decrease in expense ratios [2] - The company focuses on AI and cloud-based video communication services, aiming to provide a comprehensive solution for large enterprises [3] - The company has adjusted its profit forecasts for 2024 and 2025, with net profit estimates revised to 27.06 million yuan and 7.07 million yuan respectively [4] Financial Data and Forecasts - Revenue for 2024 is projected to be 468.35 million yuan, a slight increase from 454.71 million yuan in 2023, with a growth rate of 3% [4] - The company reported a significant reduction in sales and management expense ratios in 2024, with sales expense ratio at 9.67% (down 5.23 percentage points) and management expense ratio at 9.48% (down 4.05 percentage points) [2] - The company's net profit for 2023 was a loss of 501.19 million yuan, while the forecast for 2024 indicates a recovery to a profit of 27.06 million yuan [4] - The company's earnings per share (EPS) is expected to be 0.14 yuan in 2024, compared to a loss of 2.53 yuan in 2023 [4] Industry Position - The company is recognized as a leading brand in AI and cloud-based video communication, targeting various sectors including government, education, healthcare, technology, finance, and renewable energy [4] - The company is leveraging advanced technologies such as AI models and machine vision to enhance its product offerings and maintain a competitive edge in the market [3]