EASTMONEY(300059) 华创证券·2024-03-03 16:00Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 22.1 yuan [1]. Core Views - The company has launched a "Quality and Return Improvement" action plan in response to the Shenzhen Stock Exchange's initiative aimed at enhancing the quality of listed companies and increasing investor returns [1]. - The plan focuses on two main aspects: enhancing shareholder returns and improving development quality [1]. - The company aims to strengthen communication with investors, particularly small and medium-sized investors, and explore long-term mechanisms for shareholder returns [1]. - The company plans to adjust the use of repurchased shares to be fully used for cancellation, which is expected to boost market confidence [1]. - The company is committed to focusing on its core business, enhancing its comprehensive service capabilities, and integrating AI into its product ecosystem [1]. - The report forecasts a recovery in market and investor confidence, which is expected to drive the company's fundamental performance [1]. Financial Summary - Total revenue is projected to increase from 12,486 million yuan in 2022 to 22,753 million yuan in 2025, with year-on-year growth rates of -5%, 15%, 24%, and 28% respectively [1]. - Net profit attributable to the parent company is expected to rise from 8,509 million yuan in 2022 to 15,912 million yuan in 2025, with year-on-year growth rates of -1%, 19%, 23%, and 27% respectively [1]. - Earnings per share (EPS) are forecasted to be 0.64 yuan in 2023, 0.79 yuan in 2024, and 1.00 yuan in 2025 [1]. - The price-to-earnings (PE) ratio is projected to be 21.9, 17.7, and 14 times for 2023, 2024, and 2025 respectively [1]. - Return on equity (ROE) is expected to be 14.38%, 15.15%, and 16.27% for the years 2023, 2024, and 2025 respectively [1].