Blue Focus(300058) 华鑫证券·2025-04-25 08:36Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is leveraging AI to reshape its core business, aiming for high-quality development in technology marketing [1] - The company reported a total revenue of 14.2577 billion yuan in Q1 2025, a year-on-year decrease of 9.66%, while net profit attributable to shareholders was 95.5 million yuan, an increase of 16% year-on-year [4] - The company is expected to achieve AI-driven revenue of 30 to 50 billion yuan in 2025, with a long-term goal of exceeding 100 billion yuan [5] - The company plans to optimize its business structure to mitigate external fluctuations and expand into high-value markets in Europe, Southeast Asia, and Latin America [4][5] Summary by Sections Market Performance - The company’s stock price is currently at 8.27 yuan, with a market capitalization of 20.9 billion yuan [1] Financial Forecast - Revenue projections for 2025-2027 are 65.037 billion, 70.418 billion, and 76.250 billion yuan respectively, with net profits of 459 million, 570 million, and 713 million yuan [8] - The company is expected to achieve an EPS of 0.18, 0.23, and 0.28 yuan for the years 2025, 2026, and 2027 respectively [8] AI Strategy - The company is committed to an "All in AI" strategy, aiming to become a technology-driven marketing company with a scale of 100 billion yuan [7] - The company has developed its own AI platform, BlueAI, and is collaborating with major partners to enhance its AI capabilities [6][7]