研報掘金丨國聯證券:神州泰嶽業績符合預期,關注雲及AI業務進展,予“買入”評級
國聯證券研報指出,神州泰嶽(300002.SZ)24年歸母淨利潤14.4億元,yoy+62.35%,扣非歸母淨利潤11.6億元,yoy+39.31%。業績符合預期,利潤穩健增長。主要系《Age ofOrigins》和《War and Order》等主要遊戲產品持續在中國遊戲廠商出海收入排行榜中位居前列,同時通過實施精準營銷策略適度控制投放支出,驅動業務利潤增長。新遊戲方面,公司自研自發的兩款模擬經營+SLG產品,包括科幻題材《Stellar Sanctuary》以及文明題材《Next Agers》,均已在海外開啓商業化測試,目前仍在流水爬坡期,後續有望在國內上線。其中《Stellar Sanctuary》已獲國產遊戲版號(《荒星傳說:牧者之息》)。看好公司創新驅動的基因,對工程化創新下遊戲新品保持樂觀,關注雲及AI業務進展,給予“買入”評級。
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