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中泰证券:维持浪潮信息“买入”评级,AI算力服务器需求持续景气

Zhongtai maintains the 'Buy' rating for Inspur Electronic Information Industry, as demand for AI computing Servers continues to thrive.

Breakings ·  Dec 16 15:40

Zhongtai's Research Reports point out that Inspur Electronic Information Industry (000977.SZ) continues to optimize operational efficiency in the third quarter of 2024, with significant profit growth. Specifically, in the first three quarters, the company's three expenses (selling expenses, administrative expenses, and research and development expenses) totaled 3.847 billion yuan, accounting for 4.63% of revenue of 83.126 billion yuan, a significant decline from 7.78% in the same period last year, demonstrating strong cost control capabilities. According to IDC's report 'China Semiannual Liquid-Cooled Server Market (First Half of 2024) Tracking' released in October, the Chinese liquid-cooled server market is expected to grow by 98.3% year-on-year in the first half of 2024, reaching a market size of 1.26 billion dollars, with a year-on-year shipment growth of 81.8%, in which Inspur Electronic Information Industry retains the top position in the Chinese market with over 50% market share. Considering the ongoing AIGC trend and the current major enterprises significantly increasing their investments in the AIGC field, demand for AI computing Servers continues to thrive, leading to an upward revision of the company's profit forecast, while maintaining the 'Buy' rating.

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