研報掘金丨長江證券:同花順龍頭優勢穩固,維持“買入”評級
長江證券研報指出,同花順(300033.SZ)24年實現營業收入41.9億元,同比+17.5%,實現歸母淨利潤18.2億元,同比+30.0%。廣告收入高增,爲業績的主要驅動,軟件及基金代銷有所承壓。截至2024年末,公司APP月活數爲3627萬人,同比+18.9%,測算市場份額爲21.2%,同比-0.29pct,公司平臺流量隨市場回升,龍頭優勢穩固。同花順作爲頭部互聯網金融平臺,平臺流量優勢穩固。短期內看好公司的業績彈性,中長期來看,公司前瞻性佈局人工智能賽道,AI大模型及智能投顧應用順利落地,有望助同花順打開新的成長空間。預計公司2025-2026年歸母淨利潤分別爲22.7億元和25.7億元,對應PE分別爲76.7和67.9倍,維持“買入”評級。
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