Huachuang Securities research report points out that Gu Jing held its 2024 annual shareholder meeting on May 29. At the meeting, the company's management faced industry pressures with an open attitude, emphasizing that the company focuses on long-term high-quality development while taking multiple measures to continuously seize market share in the short term, conveying confidence to shareholders. Against the backdrop of industry pressure, both revenue and profit achieved double-digit growth in the first quarter, highlighting operational resilience. Currently, the company has a pragmatic and rational understanding of the industry pressure environment, expanding consumption scenarios and channels through multiple measures, innovating expense investment methods to enhance cost-effectiveness, and continuously seizing market share. The EPS forecast for 2025-2027 is maintained at 11.62/12.98/14.53 yuan, with the current corresponding valuation for the 2025 EPS forecast being only 13 times, indicating a cost-effective valuation. The target price is maintained at 300 yuan, with a "strong buy" rating