研報掘金丨上海證券:海光信息業績有望持續增長,首予“買入”評級
上海證券研報指出,海光信息(688041.SH)是國內高端處理器龍頭,多年積澱已至業績放量期。公司2019-2023年實現營業收入3.79/10.22/23.10/51.25/60.12 億元,複合增長率達99.55%,2021 年起公司開始迎來利潤快速增長期。認爲自主可控勢在必行,基於信創帶來國產替代機遇,保守估計公司X86服務器CPU營收27年相較於24年增長279.50%,業務增量可觀。據灼識諮詢統計,智能算力2021至2030年年均複合增長率將超65%。海光深算一號具有相對優秀性能表現,售價顯著低於英偉達A100,整體來看具有較高性價比。同時,海光DCU 具有“類CUDA”生態,能夠較好地適配、適應國際主流商業計算軟件和人工智能軟件。認爲海光信息是國產先進微處理器的龍頭公司,未來將持續受益於信創國產替代、智算需求激增等影響,業績有望持續增長。首次覆蓋,給予“買入”評級。
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