《大行》招银国际降商汤(00020.HK)目标价至1.85元 评级“买入”

阿斯达克财经
Mar 27, 2025

招银国际发表研究报告指,商汤(00020.HK) 公布去年总营收按年增长11%至37.7亿元人民币,低于一致预期的45亿元人民币,主因传统AI业务收入下降;经调整净亏损按年收窄 21%至42.5亿元人民币,逊于预期,主要由于AI领域研发投入高于预期。在算力增长和行业解决方案持续丰富的驱动下,管理层对今年生成式AI 业务收入增长持乐观态度。该行预计,在生成式 AI 业务推动下,今年总营收将按年增长...

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