研报掘金丨国盛证券：神州数码业务结构有望持续改善，首予“买入”评级

格隆汇07-27

国盛证券研报指出，神州数码国产算力筑基底座，AI助推数云融合。公司正在推动从IT硬件分销商向云服务、信创自主品牌服务商与AI解决方案供应商的转型，目前主营业务分为IT分销及增值业务、数云服务及软件、自有品牌产品三部分，战略业务加速扩张，2025年AI相关业务收入实现330.3亿元，同比大幅增长47.7%。IT分销奠基，AI+新品类布局托举增长；自主品牌产品矩阵持续完善，AI浪潮下增长加速。平台能力...

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