Intelligent Finance APP learned that Zheshang Securities released a research report stating that considering the comprehensive layout of software and hardware facilities and internal growth-driven factors, it is expected that Xiamen Xiangyu (600057.SH) will have a net profit attributable to the parent company of 1.211 billion yuan, 1.435 billion yuan, and 1.683 billion yuan from 2020 to 2022, with year-on-year increases of 9.50%, 18.46%, and 17.35%, respectively, corresponding to EPS of 0.56 yuan, 0.66 yuan, and 0.78 yuan. From a growth perspective, the company's compound annual growth rate of net profit attributable to the parent company from 2020 to 2022 is 17.90%, and the PEG of the corresponding 2021E PE is 0.52, which is significantly lower than the valuation relative to the growth. Zheshang Securities believes that the reasonable valuation of the company is around 15 times PE, the reasonable market cap of the 2021 net profit attributable to the parent company is about 21.5 billion yuan, and the relative price still has about 58% room for growth. The first coverage is given a "buy" rating.$SENSETIME-W (00020.HK)$Risen more than 15%, trading at HKD 1.59 with a turnover of over HKD 1.5 billion.

On the news front, Sensetime will release the "RiRiXin" model 5.5 at the World Artificial Intelligence Conference to be held later this month. On April 23, Sensetime released the "RiRiXin" model 5.0 at the Technical Exchange Day, which is also the first Chinese model to surpass GPT-4 Turbo in the SuperClue evaluation.

Galaxy Securities previously stated in their research reports that the release of the "RiRiXin SenseNova" model exceeded expectations, significantly improving comprehensive capabilities, leading the industry in China, and driving domestic general model manufacturers to accelerate iteration. This is expected to reduce application costs and barriers, further expand application scenarios, and promote the commercialization process of AI.

Editor/Somer