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研報掘金丨華源證券:首予兆易創新“買入”評級,汽車電子等領域實現了全品類產品覆蓋
格隆匯 02-10 15:22

華源證券研報指出,兆易創新(603986.SH)目前是中國排名第一的32位ARM通用型MCU供應商,已成功量產51個產品系列、超過600+ 款MCU產品,實現對高性能、主流性、入門級、低功耗、無線、車規、專用產品的全面覆蓋。另外,公司NAND Flash產品方面已經實現38nm和24nm兩種製程全面量產,並正在以24nm為主要工藝製程,容量覆蓋1Gb~8Gb,其中SPI NAND Flash在消費電子、工業、汽車電子等領域實現了全品類的產品覆蓋。選取瀾起科技/瑞芯微/樂鑫科技/恒玄科技/北京君正為可比公司,可比公司平均估值為98.6倍,鑑於公司在存儲芯片及32位MCU芯片的龍頭地位以及長期成長性,首次覆蓋,給予“買入”評級。

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