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研报掘金丨华创证券:首予中科星图“推荐”评级,目标价61.18元

Research Reports Gold Digging | Huachuang Securities: Initiates a "Recommend" rating for Geovis Technology Co.,Ltd, with a Target Price of 61.18 yuan.

Gelonghui Finance ·  Jan 2 16:54

Hua Chuang Securities' research report indicates that the aerospace and information industry is entering a policy window period. Geovis Technology Co.,Ltd (688568.SH), as a leading enterprise in the aerospace and information industry, is likely to fully benefit from the promotion of information infrastructure construction. Based on comparable company valuations, a 48 times PE ratio is given for the company in 2025, corresponding to a Target Price of 61.18 yuan, with an initial coverage rating of 'Recommended'. The company is a domestic leader in digital earth, focusing on the research and development and industrial application of digital earth products. From 2019 to 2023, the company's revenue increased from 0.49 billion yuan to 2.52 billion yuan, achieving a 4-year CAGR of 50.6%. Its net income grew from 0.1 billion yuan to 0.34 billion yuan, with a 4-year CAGR of 35.1%. The company is promoting the 'Star Map Partner Program' to continually stimulate employee enthusiasm and innovative potential, ensuring the growth momentum of the first growth curve. Moreover, demand is driving new product development: since 2020, the company has been laying out the low-altitude economy field, creating a basic platform for low-altitude security called GEOVIS Smart Low-altitude Brain.

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