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东方证券:维持碧桂园服务(06098)“增持”评级 数智化转型提升运营效率
Zhi Tong Cai Jing· 2025-12-01 01:51
Core Viewpoint - The report from Dongfang Securities maintains a "Buy" rating for Country Garden Services (06098) with a target price of HKD 6.83, highlighting the company's active expansion into community value-added services and its collaboration with Keda Nengtong in the electric vehicle charging business, aiming to cultivate new growth points and enhance future competitiveness through technology empowerment [1][2]. Group 1: Community Value-Added Services - The company is focusing on developing community value-added services, particularly in sectors such as automotive, home, retail, and services, with notable growth in community wine culture, achieving over 88% year-on-year growth in six trial regions for its wine business, generating revenue of HKD 190 million [2]. - The company is advancing its community charging business, providing a one-stop service for charging station equipment and an independently developed operational management platform, primarily targeting two-wheeled electric vehicles. As of mid-2025, the company operates approximately 600,000 charging sockets across over 5,000 communities, with more than 5.5 million registered users and over 200 million monthly active users [2]. Group 2: Clean Robot Deployment - The company has accelerated the deployment of its self-developed "Zero Resident" cleaning robots, which are now operational in 17 projects across cities like Guangzhou, Beijing, Shanghai, and Dalian, with over 130 units deployed. The plan is to expand this to 1,000 units within the year, aiming for standardized and large-scale applications in property management to achieve significant efficiency improvements and cost savings [3]. - The company intends to increase R&D investment to enhance the application capabilities of robots in complex scenarios, which is expected to create new competitive advantages in efficiency, quality, and cost control [3].