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研報掘金丨海通國際:維持北路智控“優於大市”評級,目標價53.46元
海通國際研報指出,目前國內多爲井工煤礦,安全水平較低、生產效率差。北路智控自主開發軟硬件,廣泛運用於採煤、掘進、運輸、通風、排水等煤礦生產作業場景,能夠有效滿足信息高可靠傳輸、全場景可視化監控及智能分析、生產設備智能控制、採掘工作面智能化升級等需求。我們認爲,未來兩到三年,公司煤礦智能化業務會保持平穩發展,爲公司第二增長曲線奠定基礎。認爲公司第二增長曲線前景廣闊,預計最晚2026年將在業績上得到顯著體現。參考可比公司,給予公司2025年動態30倍PE(原爲2024年30x),目標價53.46元,維持“優於大市”評級。
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