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研報掘金丨東方證券:維持廣電運通“買入”評級,目標價16.8元
格隆匯 06-23 15:11

東方證券研報指出,6月13日,廣電運通自主研發的望道大模型成功通過廣東省生成式人工智能服務備案。目前,望道大模型已在金融、政務等領域開花結果,賦能重點項目並攬獲國家級榮譽。公司有望沿 “行業化 + 輕量化” 路徑,深化 “AI in all” 戰略,加速AI與千行百業融合,受益於AI大浪潮。數字人民幣業務方面,公司具備全棧技術服務能力,硬件上提供多形態硬錢包及智能數幣 ATM,深度參與運營兑換,軟件上為商業銀行等提供智能合約等生態產品。由於公司業務蓬勃發展,但營業成本增長略超預期,上調25年公司收入預期下調毛利率預期,參照可比公司,認為公司合理估值水平為2025年40倍市盈率,對應目標價16.80元,維持“買入”評級。

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