We recently published Trending Analyst Calls: Top 10 Stocks. Oracle Corporation (NYSE:ORCL)is one of the stocks analysts were recently talking about. Tyler Radke, Citi’s co-head of U.S. software equity research, said in a recent program on CNBC that Oracle’s stock was not expensive even after its post-earnings rally amid strong revenue growth. The analyst was expecting further “surprises” from Oracle in an upcoming event. "I mean what’s crazy about this move, I mean our numbers for revenue and EPS for FY ...

We recently published These 10 Stocks are Buzzing After Important Analyst Calls. Oracle Corp (NYSE:ORCL) is one of the stocks analysts were recently talking about. Aswath Damodaran, NYU Stern School of Business professor of finance, said in a recent program on CNBC that in every big “boom” over the past few decades, “architecture companies” initially thrive. However, the “biggest” winners in major booms are product and service companies. The professor predicted that in the coming months and years, compani ...

We recently published 10 Stock News You Should Pay Attention To. Oracle Corp (NYSE:ORCL) is one of the stocks to watch in September. Oracle Corp (NYSE:ORCL) shares skyrocketed after the company’s latest quarterly results. The company said it expects booked revenue to exceed $0.5 trillion. Oracle’s moat is its strong roots in enterprise databases and ERP software that are in high demand with large clients like banks and hospitals. Oracle Corp (NYSE:ORCL) differentiates itself by offering cheaper cloud serv ...

业绩预增 - 1H25E净利润同比增长150-180%至2.88-3.22亿元人民币 中值3.05亿元超市场预期20% 并达到全年盈利预测的54% [1][2] - 收入/净利润预计同比增长7%/162% 主要驱动因素为CCM业务增长2%(非移动类增长97%)及FPM业务翻倍增长(超声波产品增长20倍) [2] - 毛利率提升至7.1%(对比1H24的5.2%和2H24的6.9%) 得益于HCM规格升级 高毛利非移动CCM及超声波FPM出货 [2] 业务驱动因素 - 规格升级与产品结构优化：中高端HCM产品及汽车/IoT CCM占比提升 [1] - 毛利率改善：UTR(利用率)提升及ASP(平均售价)上涨 [1] - FPM(指纹识别模块)产品组合优化及出货量增长 [1] - Nexmax子公司业绩持续改善 [1] 下半年展望 - 高端智能手机CCM需求：OIS/潜望式镜头占比将从1H的18%提升至2H的23% [2] - 非移动CCM业务：IoT/汽车领域收入预计2H同比增长85%(1H为+97%) [2] - FPM技术升级：2H出货量预计同比增长15% [2] - 预计2H25收入/净利润将同比增长25%/162% [2] 盈利预测调整 - 上调FY25-27E每股收益21-30% 反映1H25超预期表现及FY26/27E更优毛利率前景 [1][3] - 当前盈利预测较市场共识高出14-19% [3] - 目标价上调至13.21港元 基于19.5倍FY25E市盈率(原17.7倍) 与行业十年平均前瞻市盈率一致 [1][3] 行业催化剂 - 三季度新产品发布 [1] - 汽车/IoT CCM客户订单获取 [1] - FPM业务毛利率扩张 [1] - 行业估值重估及FY26-27E更强劲的盈利前景 [3]

核心观点 - 2025年有望成为AI应用落地的元年，AI Agent应用场景将迎来快速爆发 [1] - 管理软件是AI Agent落地的最佳场景之一，传统行业龙头公司具备显著优势 [1][3] - 短期产品价值逻辑验证和产业技术变革将带来新催化，Q4开始AI应用收入有望在各公司业绩上显现 [1][7] - 长期管理软件+AI市场空间达3800亿元，数字化叠加智能化有望为行业打开4倍空间 [7] AI Agent发展 - AI Agent具备自主规划、感知、决策、执行能力，实现从知识辅助到操作代替的价值提升 [1] - 过去两年技术限制因素通过工程优化大幅改善，已具备落地条件 [1] - 场景侧和产品侧的价值发现加速推动Agent落地，优质AI应用公司和产品将获更多认可 [2] 管理软件作为最佳场景的5个维度 - 场景丰富：人效提升和流程简化需求迫切，传统企业部分流程时长以月计 [3] - 数据闭环：59%的企业内部数据存入企业环境，提供模型训练基础并降低安全方案难度 [3] - 业务闭环：复用模块接口降低部署成本，应用部署速度更快、服务能力更强 [3] - 趋势共振：与管理软件云转型和前台延伸趋势同步，企业每天调用模型不足4000次时公有云更具成本优势 [3] - 价值明晰：AI代码生成可替代30%以上内部开发，明确ROI打开付费意愿 [4] 传统行业龙头的4个优势 - 数据优势：大规模客户基础公司掌握高质量数据，获得模型训练和调优能力 [5] - 入口优势：头部公司产品能力更强、功能覆盖更全，有成为B端AI超级入口潜质 [5] - 行业经验：敏捷获取潜在场景，形成月度级别新产品更新，深度理解行业需求 [5] - 投入能力：开发大模型AI应用功能潜在投入50万美元，高门槛下龙头优势显著 [5] 市场空间与节奏 - 长期管理软件+AI市场空间3800亿元，2022年企业软件管理市场规模940.58亿元 [7] - 2025年为AI应用落地元年，Q4开始AI应用收入有望在业绩显现 [7] - 2026年AI应用向高价值成熟场景收敛，逐步放量打开第二增长曲线 [7] 产品方向 - AI加速落地财务、人力、营销、研发等领域，与ERP、HCM、CRM等软件深度融合 [8] - 两个应用方向：重塑前端人机交互和重塑企业生产经营模式，后者更符合Agent核心方向 [8] - 2025年相关领域有望率先完成产品价值逻辑验证，成为产业风向标 [8]