海通国际发布景嘉微研报，显卡、通用GPU双线布局，管理变革推动创新，目标价格为86.50元

Core Viewpoint - Haitong International has issued a report on August 7, giving a rating to Jingjia Micro (300474.SZ) with a target price of 86.50 CNY, highlighting the company's strong R&D investment and innovative management practices [1] Group 1: Company Performance - The company maintains high R&D investment to pursue technological leadership [1] - Jingjia Micro has a dual product line strategy with its Jinghong GPU and JM11 graphics card [1] - Internal management system reforms are driving innovation within the company [1] Group 2: Risks - Potential risks include product iterations not meeting expectations [1] - Downstream demand may fall short of projections [1]