【中国银河】中国联通（600050）-深度报告：AI浪潮大周期，数智云应用破局-250303（27页）.pdf

1、 -20%0%20%40%60%通信沪深300 101520253035 0.05.010.015.0 0.0%50.0%100.0%150.0%200.0%250.0%300.0%158028.41 179091.43 200971.82 243925.10 372596.79 383774.70 409295.72 441589.15 58815.76 77638.56 95855.77 134200.21 281230.56 287332.12 307585.73 332295.83 39983.36 41181.16 43919.70 47384.97 1542.16 1688.61

2、1800.90 1942.99 3734.53 3848.41 4104.33 4428.16 35832.60 37725.05 39415.18 41730.17 5867.14 6005.24 6428.54 6944.98 23997.92 28629.59 30533.46 31794.42 2216.86 2266.73 2426.51 2621.44-258.71 0.00 0.00 0.00 47410.76 48151.34 48236.97 48345.33-214.97 0.00 0.00 0.00 504816.38 506088.97 506088.97 506088

3、.97 113.61 0.00 0.00 0.00 54427.79 54427.79 54427.79 54427.79 4805.67 4950.69 5279.91 5696.50 304908.66 304908.66 304908.66 304908.66 22843.04 25482.64 28691.63 32942.55 31232.12 31232.12 31232.12 31232.12 672.06 696.00 696.00 696.00 114247.81 115520.40 115520.40 115520.40 805.58 714.00 714.00 714.0

4、0 662844.80 685180.41 707060.80 750014.08 22709.52 25464.64 28673.63 32924.55 260285.60 266430.50 268463.80 288627.63 3996.86 4838.28 5447.99 6255.66 680.63 680.63 680.63 680.63 18712.66 20626.36 23225.64 26668.89 151998.08 155295.03 166241.54 179596.67 10539.99 11618.83 13083.00 15022.58 107606.89

5、110454.84 101541.63 108350.34 8172.68 9007.53 10142.64 11646.30 44624.12 43088.45 43088.45 43088.45 98628.79 25464.64 28673.63 32924.55 2133.12 2133.12 2133.12 2133.12 0.26 0.28 0.32 0.37 42491.01 40955.33 40955.33 40955.33 304909.72 309518.95 311552.25 331716.08 198694.53 210313.36 223396.36 238418

6、.95 4.97%3.00%6.65%7.89%159240.54 165348.10 172112.18 179879.05 11.97%11.56%12.59%14.82%662844.80 685180.41 707060.80 750014.08 11.96%10.22%12.60%14.83%24.52%25.13%24.85%24.75%2.19%2.35%2.48%2.64%104341.63 19614.26 17152.44 37428.56 5.13%5.45%5.89%6.47%18712.6