The Zhitong Finance App learned that on April 23, the internationally renowned investment bank Jefferies (Jefferies) released a research report to analyze and forecast the business situation of Shenzhou Holdings (00861), give it a buying rating, and raise the target stock price to HK$4.30. Jefferies said that the overall revenue of Shenzhou Holdings in the second half of 2023 increased 11% year over year, and big data business revenue increased 42% year over year, exceeding its expectations. Driven by intelligent computing-related business, the number of customers in the company's big data business and average customer unit price have both achieved strong growth. Furthermore, the company expanded rapidly in overseas markets. Overseas revenue in 2023 doubled compared to the previous year, accounting for more than 15% of revenue. It is predicted that the future will bring higher growth rate and greater gross profit contribution, and become a new growth engine.

Jefferies believes that the company's lower net profit for 2023 is mainly due to one-time depreciation of historical assets, and the risk of further asset depreciation in the future is low. It is predicted that in 2024, the company's EBIT will reach 961 million yuan and net profit of 403 million yuan, corresponding to 12 times PE. In addition, Shenzhou Holdings was included in the China Securities Hong Kong AI Index and the China Securities Hong Kong Stock Connect AI Index in March 2023, and stock liquidity is also expected to increase significantly.