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研报掘金丨国信证券:用友网络业绩表现有望逐步修复,维持“优于大市”评级

Research Reports on Gold Mining丨Guosen: Yonyou Network Technology's performance is expected to gradually recover, maintaining an "outperform the market" rating.

Gelonghui Finance ·  Apr 17 17:21  · Ratings

Gelonghui, April 17 | The Guosen Research Reports point out that Yonyou Network Technology (600588.SH) faced year-on-year pressure on its annual performance, with a significant profit decline in the fourth quarter. The company's profit is also affected by non-recurring factors such as personnel adjustments and impairment losses. The current negative impact on profits is gradually being cleared, and Net income is expected to bottom out and rebound. The company continues to add large clients, laying the foundation for the expansion of core products, with related contract liabilities increasing, providing certain revenue assurance. The company's core product BIP3 has released versions R5 and R6, fully enhancing AI integration, data services, and Global capabilities, achieving a 50% year-on-year reduction in resource consumption and a 30% savings in operational costs. The company is a globally leading enterprise service provider, fully promoting AI product development, with large clients continuing to be introduced. Considering that the factors affecting the company's profits are gradually being cleared, performance is expected to gradually recover, maintaining an 'outperform the market' rating.

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