券 报 告 困 了 ， 公 司 研 究 2024 年 11 月 12 日 | --- | --- | --- | |-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 15% compared to the CSI 300 index in the next six months [9]. Core Views - The consumer electronics market is experiencing a mild recovery, with growth driven by automotive electronics and AI servers. The company reported a consolidated revenue of 4.363 billion yuan in October, a decrease of 2.18% year-on-year, but achieved a revenue of 23.487 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 14.82% [2][3]. - The company is benefiting from the release of new products by major overseas clients and is increasing its market share, particularly in high-end HDI and SLP products, which are in demand due to advancements in AI technology [2][3]. Summary by Sections Financial Performance - For Q3 2024, the company achieved a revenue of 10.36 billion yuan, a year-on-year increase of 16.14%, and a net profit attributable to shareholders of 1.19 billion yuan, up 15.26% year-on-year [2]. - The revenue breakdown by product shows that consumer electronics, automotive and server electronics, and communication electronics generated revenues of 6.912 billion, 0.729 billion, and 15.776 billion yuan, with year-on-year growth rates of 22.03%, 102.52%, and 9.53% respectively [2]. Future Projections - The company forecasts total revenues of 36.227 billion, 42.037 billion, and 45.984 billion yuan for 2024, 2025, and 2026, with year-on-year growth rates of 12.98%, 16.04%, and 9.39% respectively. Net profits are projected to be 3.718 billion, 4.588 billion, and 4.986 billion yuan for the same years, with growth rates of 13.10%, 23.42%, and 8.68% respectively [3][4].

证券代码：002938 证券简称：鹏鼎控股 公告编号：2024-074 鹏鼎控股（深圳）股份有限公司 2024 年 10 月营业收入简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示：鹏鼎控股(深圳)股份有限公司(以下简称"本公司"或"公司") 之间接控股股东臻鼎科技控股股份有限公司（以下简称"臻鼎科技"）为台湾 地区上市公司，臻鼎科技需按照台湾证券交易所相关规定，披露每月营业收入 数据。为使 A 股投资者能够及时了解公司的经营情况，本公司亦同步在深圳证 券交易所指定的信息披露媒体上披露本公司营业收入。 本简报为初步核算数据，未经会计师事务所审计或审阅，最终数据以公司 定期报告为准，敬请投资者注意投资风险。 公司 2024 年 10 月合并营业收入为人民币 436,296 万元，较去年同期的合并 营业收入減少 2.18%。 特此公告。 鹏鼎控股（深圳）股份有限公司 董 事 会 2024 年 11 月 7 日 ...

[Table_MainInfo] 公司研究/信息设备/电子元器件 证券研究报告 鹏鼎控股（002938）公司研究报告 2024 年 11 月 05 日 [Table_InvestInfo] 投资评级 优于大市 首次 覆盖 | --- | --- | |---------------------------------------------------|-------------| | 股票数据 | | | 11 [ Table_StockInfo 月 04 日收盘价（元） ] | 37.30 | | 52 周股价波动（元） | 15.92-43.58 | | 总股本 / 流通 A 股（百万股） | 2319/2305 | | 总市值 / 流通市值（百万元） 相关研究 | 86482/85995 | 市场表现 [Table_QuoteInfo] -28.54% -3.54% 21.46% 46.46% 71.46% 96.46% 2023/11 2024/2 2024/5 2024/8 鹏鼎控股 海通综指 | --- | --- | --- | --- | |------------------------- ...

隐证券 电子/元件 日防流 鹏鼎控股 (002938.SZ) 2024 年 11 月 04 日 2024Q3 营收同环比双增，多领域布局协同发力 公司信息更新报告 投资评级：买入（维持） | --- | --- | |--------------------------|--------------------------| | | | | 罗通（分析师） | 刘天文（分析师） | | luotong@kysec.cn | liutianwen(@kysec.cn | | 证书编号：S0790522070002 | 证书编号：S0790523110001 | ● 公司 2024Q3 营收周环比双增，盈利能力环比修复，维持"买入"评级 公司发布 2024 年三季报,2024Q1-Q3 公司实现营业收入 234.87 亿元,同比 +14.82%;归母净利润 19.74 亿元,同比+7.05%;扣非归母净利润 19.29 亿元, 同比+8.89%;毛利率 20.47%,同比+0.18pcts,净利率 8.40%,同比-0.61pcts。其 中,2024Q3 营收实现 103.6 亿元,同比+16.14%,环比+60 ...

%% %% 丨证券研究报告丨 公司研究丨点评报告丨鹏鼎控股（002938.SZ） [Table_Title] 鹏鼎控股 2024 年三季报点评：消费电子旺季来 临，盈利能力稳中有升 报告要点 [Table_Summary] 鹏鼎控股发布 2024 年三季报：2024 年前三季度，公司实现营业收入 234.87 亿元，同比 +14.82%；实现归母净利润 19.74 亿元，同比+7.05%；单三季度来看，公司和实现营业收入 103.60 亿元，同比+16.14%、环比+60.89%；实现归母净利润 11.90 亿元，同比+15.26%、环 比+314.66%。 分析师及联系人 [Table_Author] 杨洋 SAC：S0490517070012 SFC：BUW100 请阅读最后评级说明和重要声明 鹏鼎控股（002938.SZ） cjzqdt11111 公司研究丨点评报告 资料来源：Wind 相关研究 05-12 [Table_Title 鹏鼎控股 2024 2] 年三季报点评：消费电子旺季来 临，盈利能力稳中有升 [Table_Summary2] 事件描述 鹏鼎控股发布 2024 年三季报：2024 年前三 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 36.65 CNY [3]. Core Insights - The company reported a revenue of 23.487 billion CNY for the first three quarters of 2024, representing a year-on-year increase of 14.82%. The net profit attributable to shareholders was 1.974 billion CNY, up 7.05% year-on-year [1]. - In Q3 alone, the company achieved a revenue of 10.360 billion CNY, a year-on-year increase of 16.14% and a quarter-on-quarter increase of 60.87%. The net profit for Q3 was 1.190 billion CNY, reflecting a year-on-year growth of 15.26% and a quarter-on-quarter growth of 314.63% [1]. - The company is focusing on AI innovation, particularly in high-end HDI and SLP products, to meet the growing demand in the PCB industry, which is projected to grow by 5.0% in 2024 [1]. - The company is expanding its production capacity in Thailand, particularly for AI servers and automotive applications, with significant growth expected in these sectors [1]. Financial Summary - For 2024, the company is projected to achieve a net profit of 3.332 billion CNY, with a PE ratio of 26. The net profit is expected to grow to 4.511 billion CNY in 2025 and 5.036 billion CNY in 2026, with corresponding PE ratios of 19 and 17 respectively [2][4]. - The company's revenue is forecasted to increase from 32.066 billion CNY in 2023 to 35.193 billion CNY in 2024, with a growth rate of 9.8% [4]. - The gross margin is expected to remain stable around 21.29% in 2024, with a net profit margin of 9.47% [4].

消费电子组件 鹏鼎控股（002938.SZ） 增持-A(维持) 证券研究报告 24Q3 收入稳健增长，AI 推动 PCB 需求量价齐升 2024 年 11 月 1 日 公司研究/公司快报 公司近一年市场表现 事件描述 公司公告 2024 年三季报。前三季度收入 234.87 亿同比+14.82%，归母 净利润 19.74 亿，同比+7.05%，扣非归母净利 19.29 亿同比+8.89%；单三季 度收入 103.60 亿元，同比+16.14%，环比+60.89%，归母净利润 11.90 亿元， 同比+15.26%，环比+314.66%。 事件点评 公司 2024 年前三季度收入稳定增长，消费电子旺季收入稳健增长。2024 年大客户新机备货较去年有一定增长，同时公司积极扩展新料号及提升份 额，消费电子旺季收入同比稳健提升。毛利率 Q3 季度 23.62%，同比提升 0.78pct，旺季稼动率改善直接提升毛利率水平，费用端受汇兑影响，财务费 用较去年有所减少。 AI 终端引领消费电子终端新一轮创新，公司紧跟行业趋势，打开 PCB 下游广阔成长空间。公司对下游需求的变化保持高度敏感，在 AI 手机、AI 服务器等领 ...

编号：2024-07 证券代码：002938 证券简称：鹏鼎控股 | --- | --- | --- | |----------------|----------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 | 分析师会议 | | 类别 | | □媒体采访 □业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他 （ ） | | | 参与单位名称及 | UBS AG | 葛晓瑞；瑞士银行 刘帅禹；中国国际金融股份有 ...

鹏鼎控股（002938.SZ） 元件 证券研究报告/公司点评报告 2024 年 10 月 31 日 鹏鼎控股：汇兑扰动 Q3 仍双位数成长，AI 浪潮注入成长新动能 | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...