Incident: Guolian Co., Ltd. stated on the investor interactive platform on June 2 that 1. “Yuan enterprises” can provide a large amount of simulated video data for the development of machine vision technology. 2. “Yuan Enterprise” can provide us with virtual transaction scenarios, as well as 360-degree product display functions, embedded use of functions such as online ordering and electronic contracts.
The company relies on digital technology and industrial Internet platforms to promote the development of the metaverse. In recent years, the company has carried out extensive research and application in the field of AI. At the same time, it has paid great attention to the future in-depth application of underlying metaverse technology in the industrial chain and supply chain. In particular, digital twins, digital companion, and digitally native technology and application progression systems in the industrial field are actively practised and continuously promoted in technology, data strategy, and digital factory construction. The company's original enterprises are guided by the digital upgrading of the industrial chain and supply chain, constructing digital twins of production, warehousing and logistics, and conducting in-depth model training in a virtual environment; at the same time, they are constructing scenarios in fields such as industry academic exchanges and expert training to comprehensively enhance the digital experience of enterprise users in the industrial chain.
The “information+transaction+service” closed-loop business model helps industrial digitalization grow rapidly. The company uses the Guolian cloud platform as digital technology support, the League of Nations resource network as the incubation base, and uses many e-commerce businesses to monetize traffic and value, open up upstream and downstream resources, and help the rapid development of industrial digitalization. In 2022, the company achieved net profit of 1,126 million yuan, an increase of 94.63% over the previous year; net cash flow from operating activities was 1,371 billion yuan, an increase of 405.54% over the previous year. Operating efficiency continues to improve, and the company's net profit mainly comes from online commodity trading business, business information services and digital technology services. With the development of the company's business, especially the growth rate of the online commodity trading business, the online commodity trading business has become the main source of the company's profit, and net profit has also shown rapid growth.
Investment advice: We expect the company's revenue for 23-25 to be 659.64, 100421, and 143.245 billion yuan respectively, and net profit of 1,676, 27.10, and 3,922 billion yuan respectively. The company's operating performance continuously verifies the growth logic and maintains the company's “buy” rating.
Risk warning: Downstream demand has been suppressed by economic development falling short of expectations; the company's B2B e-commerce expansion into new platforms has fallen short of expectations.