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研報掘金丨國金證券:首予紫光股份“買入”評級,目標價31.2元

國金證券研報指出,紫光股份提升對子公司新華三的持股比例,計劃赴港上市:公司是ICT行業領軍企業,全面佈局“雲-網-安-算-存-端”產品。2024年公司新收購核心子公司新華三30%的股權,持股比例從51%提升至81%,剩餘19%股權也納入遠期期權安排,未來有望增厚利潤。公司現已遞交港股發行上市的申請,募集資金將用於加大AI投入、支持意向收購等。AI服務器採用國產芯片的比例較高,有望受益於芯片國產替代。給予公司2025年40倍PE,目標價爲31.2元。首次覆蓋,給予“買入”投資評級。

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