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研報掘金丨西部證券:維持寶信軟件“買入”評級,發力AI賽道服務鋼鐵智造新範式
格隆匯 04-08 15:18

西部證券研報指出,寶信軟件(600845.SH)24年實現歸母公司淨利潤22.65億元,同比下滑11.3%,Q4歸母公司淨利潤爲3.35億元,同比下滑50.9%。判斷業績下滑的主因可能還是核心下遊鋼鐵行業受宏觀經濟波動而導致在信息化及自動化建設的資本開支放緩或延遲,後續重點關注鋼鐵行業去產能、供需結構能否改善,以及併購重組的實質性進展。IDC業務2025年有望迎來新一輪成長。未來,隨着AI的深入應用,公司在鋼鐵工業領域的技術壁壘與市場空間有望進一步提升。寶武融合併購下的信息化升級需求持續釋放,疊加以PLC及工業機器人等爲核心的高階智能製造建設,寶信以鋼鐵業爲代表的信息化、自動化業務依舊可期;IDC業務憑藉在資源獲取、客戶基礎及專業運營等維度的競爭優勢有望保持成長。維持“買入”評級。

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