研报掘金丨华鑫证券：首予京基智农“增持”评级，智算转型开启价值重估

格隆汇07-31

华鑫证券研报指出，京基智农传统主业周期承压，智算转型开启价值重估。预计2026上半年实现归母净利润-42900～-54900万元；实现扣非归母净利润-40000～-52000万元。公司已在转型的道路上稳步试探，于今年6月出资6000万参股投资，布局机器人赛道。阿里云确立智算服务领先地位，全栈AI生态加速商业化。种全栈AI能力直接推动阿里云三季度外部商业化收入增速达40%，其中AI相关收入占比达...

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