买入 产品融合大模型技术，积极转型厚积薄发 猎豹移动（CMCM.US） 2025-01-23 星期四 首次覆盖给予买入评级： 相关报告 我们认为公司 AI 及其他收入规模有望处于高速增长状态，且从行业规 模发展潜力来看，公司收入增长天花板巨大。公司为轻资产运营模式， 规模效应能够持续体现，独创"端+模"融合的产品矩阵，因此应该给 予较高的估值溢价。同时公司在手现金约 15 亿元人民币，能够支撑公 司持续研发投入。综上，我们给予公司 6.4 美元的目标价，首次覆盖并 给予买入评级，对应 2025 财年的 PS 约 1.5 倍。 | | | 百万元 | FY2022 | FY2023 | FY2024E | FY2025E | FY2026E | | --- | --- | --- | --- | --- | --- | --- | --- | | 证 | | 主营业务收入 | 884 | 670 | 748 | 904 | 1,259 | | 券 | | 同比增长（%） | 12.7% | -24.3% | 11.7% | 20.9% | 39.3% | | | | 毛利率 | 71.4% | 65.4% | ...

Cheetah Mobile Inc. (NYSE:CMCM) Q3 2024 Earnings Conference Call December 17, 2024 6:00 AM ET Company Participants Helen Jing Zhu - Investor Relations Sheng Fu - Chairman and Chief Executive Officer Thomas Ren - Director and Chief Financial Officer Conference Call Participants Operator Good day and welcome to the Cheetah Mobile Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask que ...

BEIJING, Dec. 17, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the third quarter ended September 30, 2024. Management Commentary Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "Our third-quarter results demonstrate strong momentum, with accelerated revenue growth fueled by robust performance in our service robotics and internet businesses. W ...

BEIJING, Dec. 11, 2024 /PRNewswire/ -- Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company") (NYSE: CMCM), a China-based IT company, today announced that it will report its financial results for the third quarter ended September 30, 2024, before the U.S. market opens on Tuesday, December 17, 2024. The earnings release will be available on the Company's investor relations website at http://ir.cmcm.com.Cheetah Mobile's management will hold an earnings conference call at 6:00 AM on Tuesday, December 17, 2024 ...

Cheetah Mobile Inc. (NYSE:CMCM) Q2 2024 Earnings Conference Call September 13, 2024 7:00 AM ET Company Participants Helen Zhu - Investor Relations Director Sheng Fu - Chairman and Chief Executive Officer Thomas Ren - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Cheetah Mobile Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questio ...

BEIJING, Sept. 13, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the second quarter ended June 30, 2024. Management Commentary Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "In Q2, Cheetah Mobile achieved solid revenue growth of 12.3% year-over-year, with AI and others contributing around 40% of total revenue. Our service robotics business, ...

BEIJING, Sept. 6, 2024 /PRNewswire/ -- Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company") (NYSE: CMCM), a China-based IT company, today announced that it will report its financial results for the second quarter ended June 30, 2024, before the U.S. market opens on Friday, September 13, 2024. The earnings release will be available on the Company's investor relations website at http://ir.cmcm.com. Cheetah Mobile's management will hold an earnings conference call at 7:00 AM on Friday, September 13, 2024, U ...

Cheetah Mobile Inc. (NYSE:CMCM) Q1 2024 Earnings Conference Call June 7, 2024 7:00 AM ET Company Participants Helen Zhu - Investor Relations Director Sheng Fu - Chairman and Chief Executive Officer Thomas Ren - Chief Financial Officer Conference Call Participants Nancy Lu - JP Morgan Thomas Chong - Jefferies Miranda Zhuang - Bank of America Ritchie Sun - HSBC Wei Fang - Mizuho Operator Good day, and welcome to the Cheetah Mobile First Quarter 2024 Earnings Conference Call. All participants will be in a list ...

BEIJING, June 7, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2024. Management Commentary Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "Cheetah Mobile is transforming from a consumer-facing company to an enterprise-facing company. Our acquisition of Beijing OrionStar Technology Co., Ltd. ("Beijing OrionSta ...

BEIJING, May 31, 2024 /PRNewswire/ -- Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company") (NYSE: CMCM), a China-based IT company, today announced that it will report its financial results for the first quarter ended March 31, 2024, before the U.S. market opens on Friday, June 7, 2024. The earnings release will be available on the Company's investor relations website at http://ir.cmcm.com. Cheetah Mobile's management will hold an earnings conference call at 7:00 AM on Friday, June 7, 2024, U.S. Eastern T ...