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《大行報告》中金:商湯(00020.HK)去年短期承壓 今年全力擁抱通用人工智能
阿思達克 03-29 14:43
中金發表評級報告指,商湯-W(00020.HK)去年總收入38億元人民幣,按年跌19%,低於中金預期,主因是智慧城市及商業疫情下業務承壓超預期;歸母淨虧損60.5億元人民幣,虧損幅度按年減少65%,低於預期。 中金表示,商湯積極佈局多模態大模型,今年已開源30億參數書生2.5多模態大模型,管理層預告今年有望正式推出NLP大模型及更大體量多模態大模型,實現B端商業層面賦能。 中金表示,考慮到2G或2B基本盤業務疫後復甦緩慢,中金下調商湯今年收入28.7%至51.2億元人民幣,維持今年調整後歸母淨利潤基本不變,又指明年年收入及調整後歸母淨虧損預測分別為67.8億元人民幣及12.8億元人民幣。 中金維持商湯目標價為3.6元不變,以及其評級為「跑贏行業」。(ca/w) ~
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