2025年中报披露结束,我们建议重视中报业绩超预期公司所指引的产业发展方向及交易弹性。目前高景气度板块方向仍较为明确,我们建议:(1)AI应用加速落地且创造收入,关注大厂超级APP AI化进度及CAPEX投入,同时关注垂直场景AI产品渗透率的提升;(2)继续关注新游带动下高频数据不断修正的游戏公司,同时前置关注后续重点游戏的预期交易;(2)潮玩仍是新消费高热方向,关注新IP和产品形态的孵化,及IP...
Source Link2025年中报披露结束,我们建议重视中报业绩超预期公司所指引的产业发展方向及交易弹性。目前高景气度板块方向仍较为明确,我们建议:(1)AI应用加速落地且创造收入,关注大厂超级APP AI化进度及CAPEX投入,同时关注垂直场景AI产品渗透率的提升;(2)继续关注新游带动下高频数据不断修正的游戏公司,同时前置关注后续重点游戏的预期交易;(2)潮玩仍是新消费高热方向,关注新IP和产品形态的孵化,及IP...
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