智能存储表现亮眼，NAS 贡献主要增长 绿联科技(301606) 证券研究报告 消费电子 / 公司点评 / 2026.03.31 | 投资评级:增持(维持) | | --- | | 基本数据 | 2026-03-30 | | --- | --- | | 收盘价(元) | 69.53 | | 流通股本(亿股) | 2.19 | | 每股净资产(元) | 8.15 | | 总股本(亿股) | 4.15 | 最近 12 月市场表现 -21% 6% 34% 62% 90% 118% 绿联科技 沪深300 分析师 孙谦 SAC 证书编号：S0160525060001 sunqian@ctsec.com 分析师 于雪娇 SAC 证书编号：S0160525080005 yuxj@ctsec.com 相关报告 1. 《多元产品协同发力，驱动三极增长引擎》 2026-03-20 核心观点 盈利预测 | [币种Table_FinchinaSimple] (人民币) | 2024A | 2025A | 2026E | 2027E | 2028E | | --- | --- | --- | --- | --- | --- | | 营 ...

Core Viewpoint - Ugreen Technology's participation in CES highlights its evolving brand maturity and commitment to smart devices, data connectivity, and digital life experiences [1][2][3] Group 1: Brand Development - Ugreen has consistently focused on "connection" and "experience" in its brand growth, starting with data cables and charging devices, and expanding into a comprehensive product system [1] - The brand's transition from a "functional accessory provider" to a "systematic digital solution brand" is emphasized through its restrained yet continuous investment in product performance and long-term value [2] Group 2: Market Positioning - Ugreen's presence at CES serves as a signal of its advancement to a higher dimension, allowing it to validate product strength and engage with industry trends [2] - The company is adapting to the evolving digital lifestyle by expanding its focus to include smart storage and private cloud solutions, indicating a shift towards more systematic fields [1][3] Group 3: Future Outlook - As the global consumer electronics industry continues to upgrade, competition is shifting from single-point performance to comprehensive capabilities and long-term value [3] - Ugreen is expected to continue evolving its products and technologies in alignment with real user needs, thereby accumulating broader space for long-term brand development [3]