According to reports, Sealand Securities has initiated coverage on BIDU-SW (09888) with a "Buy" rating. The firm projects revenues for the years 2025 to 2027 to be CNY 130.973 billion, CNY 135.668 billion, and CNY 144.307 billion, respectively. The estimated non-IFRS net profits are expected to be CNY 16.6 billion, CNY 19.864 billion, and CNY 23.548 billion, corresponding to non-IFRS EPS of CNY 6.04, CNY 7.22, and CNY 8.56. The company is one of the few in the world providing end-to-end AI solutions. Its unique breadth and depth of AI capabilities provide a differentiated technical foundation for all its business lines.

The AI transformation of Baidu’s search services is accelerating, with AI-generated results increasingly dominating its mobile search results page. Users utilizing AI have demonstrated higher levels of activity and retention, indicating that the company's products are enhancing user satisfaction. Baidu is also transitioning from generic search results to personalized pages, generating customized responses based on individual user situations to better connect users with the services they need.

The firm claims that with its full-stack AI capabilities, Baidu provides cost-effective end-to-end AI cloud products and solutions. The company offers efficient, reliable, and scalable cloud services that enable enterprises to easily adopt AI technologies and expand them for tangible business impacts. Looking ahead, Baidu is expected to lead the transformation of the domestic AI ecosystem. Additionally, Baidu is a global leader in the Robotaxi market, actively accelerating its global expansion and has established a leading position in the Robotaxi market. In left-hand drive regions, Baidu is the first company to achieve break-even in its User Experience (UE), and currently, all operations in mainland China are fully autonomous. In right-hand drive markets, the company has expanded its testing scope, demonstrating a high level of adaptability in its technology stack and operational expertise to meet new market and regulatory environments.