Substantial improvement in earnings quality, with proprietary Digital Twin technology as the future growth driver

A few days ago, the well-known brokerage "China Galaxy Securities" released a research report, and believes that DC Holdings (stock code: 00861.HK) has been deeply involved in the industry for many years, focusing on key account core customers, and the major account strategy and software business development have helped the company improve its gross profit margin and increase the company's overall revenue. The quality has improved significantly. At the same time, it helps promote the construction of smart cities and launches new product lines such as digital twin, which are expected to become a new direction for the company's growth in the future. It is estimated that the revenue will be 23.7/28.9/34.9 billion Hong Kong dollars in 2021-2023, and the company's profit is expected to be 842/1115/1564 million Hong Kong dollars in 2021-2023. For the first coverage, give a "recommended" rating

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