[营销星球]麦格理-AI在中国的应用：AI领先，半导体正在赶上-2019.10.9-60页

Pleaserefertopage57forimportantdisclosuresandanalystcertification,oronourwebsitewww.macquarie.com/research/disclosures.8October2019GreaterChinaEQUITIESStockrecommendationStockTickerMktcap(US$m)3MADTO(US$m)Price(lcy)RTPUp-sideYonyou600588CH10,7439930.89O36.6018%iFlytek002230CH9,80814731.86N29.50-7%Kingdee268HK3,500248.38O9.5013%Thunisoft300271CH2,4632421.75O31.5045%Source:Bloomberg,MacquarieResearch,October2019.PriceasofOct4,2019.YonyouandKingdeearecoveredbyJohnWang.ComparativevaluationStockTickerPEPBROE2019E2020E2019E2020E2019E2020EYonyou600588CH69.862.19.48.914%15%iFlytek002230CH86.370.07.77.19%11%Kingdee268HK83.559.34.34.35%7%Thunisoft300271CH30.024.13.02.711%12%Source:Bloomberg,MacquarieResearch,October2019.PriceasofOct4,2019.ChinaSoftwareindustryP&Laverage: