研報掘金丨東方證券:維持紫光國微“增持”評級,目標價70.92元
東方證券研報指出,紫光國微(002049.SZ)預計24年實現歸母淨利潤11.9億元,同比下降53%。報吿期末公司財務狀況良好,預計實現歸母所有者權益124 億元。24年公司特種集成電路業務受市場下游需求不足影響,面臨部分產品價格下降和去庫存壓力,仍堅持技術創新,在特種 FPGA、特種存儲器、AI智能芯片及模擬領域均保持市場領先地位。紫光同芯發佈了國內首顆通過ASIL D產品認證的R52+內核車規 MCU—THA6系列產品,其中THA6206在產品安全性、可靠性、算力、實用性方面全面對標國際大廠,多家主機廠和 Tier1正基於該芯片進行開發測試。根據可比公司25年平均36倍PE估值,給予70.92元目標價,維持“增持”評級。
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