CICC has issued a research report initiating coverage on MININGLAMP-W (02718) with an "Outperform" rating and a target price of HK$321. The report identifies MININGLAMP-W as China's largest data intelligence application software company, highlighting its core marketing intelligence product, the "Miaozhen System," as the country's first big data-driven advertising monitoring solution. CICC forecasts the company's revenue for 2025, 2026, and 2027 to reach RMB 1.41 billion, RMB 1.84 billion, and RMB 2.37 billion, respectively, representing a compound annual growth rate of 19.7% from 2024 to 2027.