Workflow
昆仑万维:AI产品矩阵逐步丰富,有助高效提升用户规模-20250523

Investment Rating - The investment rating for the company is "Accumulate (Maintain)" [4] Core Views - The company is gradually enriching its AI product matrix, which is expected to efficiently enhance user scale [1] - The launch of the Skywork Super Agents product, which utilizes AI agent architecture and deep research technology, positions the company as a leader in generating multimodal content [6] - The company has established a comprehensive AI business layout, achieving significant results in various AI sectors, including music and short dramas, which are anticipated to drive revenue growth [6] - The projected net profits for the company from 2025 to 2027 are expected to be 0.03 billion, 0.28 billion, and 0.51 billion respectively, with EPS of 0.00, 0.02, and 0.04 per share [6] Financial Data and Valuation - The company's revenue is projected to grow from 4,915 million in 2023 to 7,514 million in 2027, with a year-on-year growth rate of 3.8% in 2023 and 7.0% in 2027 [3] - The net profit attributable to the parent company is expected to recover from a loss of 1,595 million in 2024 to a profit of 51 million in 2027, with a significant year-on-year growth of 774.3% in 2026 [3] - The gross margin is projected to decline from 78.8% in 2023 to 68.8% in 2027, indicating a shift in cost structure [3] - The company's total market capitalization is approximately 46,094.86 million, with a share price of 37.43 yuan as of May 22, 2025 [4]