Guangda Securities: First giving Wan Yuan Intelligent Technology a "buy" rating, overseas commercialization turning point imminent.

Guangda Securities released a research report stating that they are covering Wenyuan ZhiXing for the first time and giving it a "Buy" rating. They predict that the company's revenue for 2025, 2026, and 2027 will be 587 million, 1.131 billion, and 2.017 billion RMB respectively, believing that the company has certain scarcity and premium space. In the first half of fiscal year 2025, the company achieved revenue of 200 million RMB, a year-on-year increase of 32.8%, with product revenue of 70 million RMB, a significant increase of 230.0% year-on-year; service revenue of 130 million RMB, remaining flat year-on-year. The company's gross profit for the first half of fiscal year 2025 was 60 million RMB, an increase of 11.5% year-on-year.