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研報掘金丨海通證券:予海光信息“優於大市”評級,目標價165.56-193.15元
格隆匯 03-07 13:26

海通證券研報指出,海光信息(688041.SH)2024年業績實現高增,營銷模式以直銷爲主。生成式人工智能AIGC涌現,算力需求不斷增加。根據2024 年年報援引艾瑞預測,中國AIGC產業將持續增長。2028年,我國AIGC 產業規模預計將達到7202億元,到2030 年有望突破萬億元,2023-2028年,中國AIGC產業規模的年均複合增速達115.06%。認爲公司是國內CPU、DCU領軍企業,有望受益於信創和AI帶來的需求提升。結合目前行業階段和公司增速及壁壘,給予公司2025年動態PS 30-35倍,2025年合理價值區間爲165.56-193.15元,給予“優於大市”評級。

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