异动解读 | 讯飞医疗科技盘中大涨5.72%,招银国际维持"买入"评级

异动解读
Aug 22, 2025

讯飞医疗科技(02506)今日盘中大涨5.72%,股价表现强劲。这一涨势或与招银国际最新发布的研究报告有关,该报告维持了对讯飞医疗的"买入"评级。

根据招银国际的分析,讯飞医疗2025年上半年业绩表现亮眼。公司实现收入3亿元人民币,同比增长30%。其中,政府端(G端)业务增长尤为显著,同比增长87%至1.4亿元。消费者端(C端)业务也保持稳健,增长10%至1亿元。公司运营效率持续改善,销售、管理及研发费用率均有下降,净亏损率显著收窄至22%。

尽管企业端(B端)业务表现低于预期,收入同比下降10%,但招银国际认为,讯飞医疗覆盖G、B、C三端需求的多元AI解决方案能够在一定程度上对冲单一板块波动,支撑公司的韧性增长。值得注意的是,招银国际考虑到B端业务的短期挑战,将2024-2026年收入复合增速预测从此前的37.9%下调至27.9%。尽管如此,分析师仍看好公司前景,将目标价定为143.59港元,这可能是推动股价上涨的重要因素之一。

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