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金山雲(KC.US/03896.HK)毛利率持續改善 機構看好上行空間

面對人工智能新機遇,作為中立的雲服務商,金山雲圍繞AIGC場景升級核心技術能力,為大模型公司、垂直行業優質客户和生態夥伴提供強大的算力底座,公司已簽約及洽談商機的人工智能客户達數十家。機構預計其將為公司提供面向C 端的用户推理場景夯實基礎。

中金最新研報指出,公司毛利率持續環比改善,展望年內經調整EBITDA 利潤率轉正。2023 年三季度,公司毛利率12.1%,同比/環比改善6/1ppt,其中公有云毛利率同比改善6.3ppt 至4.7%(得益於業務及客户結構優化);行業雲毛利率同比改善1.1ppt 至24.2%(得益於精選優質項目)。當季,公司經調整EBITDA 利潤率-2.8%,同/環比分別改善7.5/0.6ppt。

金山雲副董事長兼CEO鄒濤表示:“經過一年多的戰略調整,金山雲的技術創造力和核心業務的活力正在加速釋放,公司基本面保持長期向好。面對人工智能帶來的機遇,我們將繼續圍繞核心能力煉內功,攜手生態夥伴以差異化打法推動高質量可持續發展取得新成效。”

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