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研報掘金丨國盛證券:首予兆易創新“買入”評級,產品出貨量創出新高
格隆匯 06-12 14:20

國盛證券研報指出,兆易創新佈局存儲+MCU+傳感器,產品出貨量創出新高。新產品主要覆蓋存儲、MCU、傳感器三大領域,其中2024年存儲收入佔比70%以上,公司在NORFlash領域全球市佔率第二,SLCNAND也逐步佔據一定份額,DRAM業務隨着三大原廠逐步退出+端側定製化方案的順利推進有望實現較大增長。利基存儲格局優化,端側AI推動定製化需求增長。MCU&傳感器:國內龍頭廠商,產品矩陣完善。公司明後年估值相對於可比公司估值更低,有一定的估值優勢,首次覆蓋給予公司“買入”評級。

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