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研報掘金|第一上海:維持中國軟件國際“買入”評級 目標價為8.1港元
第一上海發佈研究報吿稱,維持中國軟件國際“買入”評級,目標價為8.1港元。綜合分析,中軟國際流水穩健,且公司研發能力繼續加固,該行看好公司在雲智能業務的影響和佈局。在華為多項業務合作線以及大客户的加持下,基石業務預計依舊穩定發力;雲智能業務和汽車業務員高速發展的確定性。報吿稱,公司2023年上半年雲智能業務營收33億元,同比增長3%,主要由全棧雲業務服務能力提升帶來業績增長。公司成為首批通過華為雲CTSP認證的服務夥伴,且持續保持IDC統計的雲遷移、雲開發兩大細分領域排名第一,未來將在雲專業服務領域持續增長;同時,公司深度參與華為造車各項業務,並已為比亞迪、吉利、沃爾沃等多家龍頭車企進行軟件架構和智能座艙的技術服務。該行認為公司在鴻蒙矩陣不斷垂直優化,公司綁定華為雲能力10%份額,2022年華為雲營收達到453億,未來公司有望持續受益,同時智能汽車軟件產業鏈的佈局將打開公司增長新增長曲線。
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