来源：Gangtise投研

　　九方智投（09636.HK）24年业绩及拟收购项目解读：2024年，公司净利润达2.7亿，同比增长42.8%，经调整后的经营净利润达4.1亿元，净利润率达18%。现金口径订单收入和会计口径收入表现强劲，预计2025年增速分别不低于20%和50%。经营性净现金流达16.3亿元，同比增幅超266%。无有息负债，24年末近15亿预收款将在25年陆续确认。研发投入达3.2亿元，同比增幅超10.9%。新产品线拓展，股票学习机基础版定价3000元，高阶版5880元。APP转型，提升长尾用户留存率、DAU和MAU。AI投入方向偏应用场景，已上线9个数字人，升级1个智能体，未来两年AI端投入预计维持3亿左右。

海量资讯、精准解读，尽在新浪财经APP

责任编辑：王若云

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