研報掘金丨華安證券:姚記科技估值合理,首予“增持”評級
華安證券13日研報指出,姚記科技(002605.SZ)遊戲業務穩健發展,遊戲流水穩中增長,營銷策略不斷優化迭代,AI產業趨勢有希望持續賦能遊戲的研發製作和玩法創新;公司撲克牌產能合理擴張和較強的定價實力,有望持續驅動撲克牌收入增長;公司營銷業務和公司各業務有望不斷協同。預計公司23-25年營業收入,48.65/56.35/64.58億元,預計公司23-25年歸母淨利潤7.17/8.76/10.31億元(yoy 105.6%/22.3%/17.6%),對應23-25年P/E19.21/15.71/13.35,公司仍處於新業務成長階段,估值合理,首次覆蓋給予“增持”評級。
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