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。 一、本期业绩预计情况 1、业绩预告期间：2024 年 1 月 1 日至 2024 年 12 月 31 日 武汉精测电子集团股份有限公司 | 证券代码：300567 | 证券简称：精测电子 | 公告编号：2025-008 | | --- | --- | --- | | 债券代码：123025 | 债券简称：精测转债 | | | 债券代码：123176 | 债券简称：精测转2 | | 2024年度业绩预告 2、预计的业绩：预计净利润为负值 | 项 目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | 亏损：9,000 | 万元—10,000 | 万元 | 盈利：15,010.24 | 万元 | | 扣除非经常性损 益后的净利润 | 亏损：14,730 | 万元—15,730 | 万元 | 盈利：3,287.90 | 万元 | | 基本每股收益 | 亏损：0.32 | 元/股—0.36 | 元/股 | 盈利：0.5 ...

[Table_Page] 公司深度研究|专用设备 证券研究报告 [Table_Title] 精测电子（300567.SZ） 量检测设备持续突破，显示领域否极泰来 [Table_Summary] 核心观点： | 盈利预测： | | --- | | [Table_Finance] | 2022A | 2023A | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 2731 | 2429 | 2925 | 3648 | 4380 | | 增长率（ % ） | 13.4% | -11.0% | 20.4% | 24.7% | 20.1% | | EBITDA（百万元） | 333 | 349 | 501 | 682 | 889 | | 归母净利润（百万元） | 272 | 150 | 213 | 382 | 577 | | ） 增长率（ % | 41.4% | -44.8% | 41.7% | 79.5% | 51.1% | | EPS（元/股） | 0.99 | 0.54 | 0.78 | 1.39 | 2.10 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 73.82 CNY and a total market capitalization of 20.241 billion CNY [12] Core Views - The company has secured a significant contract for core bright-field defect inspection equipment, demonstrating strong competitiveness in the semiconductor measurement sector [2] - Multiple policy incentives are driving the recovery of 3C consumer demand, with the display panel business continuing to improve [3] - The semiconductor measurement business has reached an inflection point, with new orders expected to accelerate due to BIS regulations and domestic substitution trends [13][26] Financial Performance and Projections - Revenue for 2023A is projected at 2,429 million CNY, with a YoY decline of 11.0%, but expected to grow by 22.9% in 2024E, 28.3% in 2025E, and 25.4% in 2026E [30] - Net profit attributable to the parent company is forecasted to be 227 million CNY in 2024E, 347 million CNY in 2025E, and 533 million CNY in 2026E, with YoY growth rates of 51.4%, 52.8%, and 53.5% respectively [30] - Gross margin is expected to remain stable at around 48% from 2023A to 2026E [30] - ROE is projected to increase from 4.1% in 2023A to 11.7% in 2026E [30] Industry and Market Analysis - The BIS new regulations are accelerating the substitution of imported measurement equipment, with the company's semiconductor orders showing a clear inflection point [13] - The 3C consumer market is expected to recover due to policy incentives, with AI-driven innovations in smartphones, AI glasses, and AI PCs likely to boost demand for display panels [28] - The domestic semiconductor measurement market is poised for growth, with the company's core products already covering 1xnm and above processes, and advanced process equipment receiving repeat orders [36] Key Developments - The company has won a bid for defect inspection and stress testing equipment for a 12-inch production line, with a total contract value of 120 million CNY [35] - The company has completed the delivery of advanced process bright-field defect inspection equipment and is actively developing other products such as patterned dark-field defect inspection equipment [36] Valuation and Outlook - The report maintains revenue forecasts of 2,985 million CNY for 2024E, 3,830 million CNY for 2025E, and 4,804 million CNY for 2026E, with corresponding EPS of 0.83, 1.27, and 1.94 CNY [37] - The current stock price of 73.82 CNY corresponds to a PE ratio of 89x for 2024E, 58x for 2025E, and 38x for 2026E, supporting the "Buy" rating [37]

%% %% 丨证券研究报告丨 联合研究丨公司点评丨精测电子（300567.SZ） [Table_Title] 精测电子：收入高增长，半导体新产品落地 | --- | --- | |----------------------------------|-------| | | | | 报告要点 | | | [Table_Summary] 近期精测电子发布 | | | 实现归母净利润 毛利率为 | | | 18.50% | | | 为盈；毛利率为 | | 分析师及联系人 [Table_Author] 杨洋 倪蕤 王泽罡 SAC：S0490517070012 SFC：BUW100 | --- | |--------| | | | | | | | SAC ： | | | | SFC ： | SAC：S0490520030003 SAC：S0490521120001 请阅读最后评级说明和重要声明 精测电子（300567.SZ） cjzqdt11111 相关研究 速》2024-04-29 [Table_Title2] 精测电子：收入高增长，半导体新产品落地联合研究丨公司点评 [Table_Rank]投资评级 买入丨维持 ...

中国经济网北京11月11日讯 精测电子(300567.SZ)今日股价涨停，收报82.15元，涨幅20.00%。 龙虎榜数据显示，精测电子买入金额最大的前五名中，有4家机构专用席位；卖出金额最大的前五名 中，有4家机构专用席位。 经统计，精测电子的机构席位今日净买入金额为18735.41万元。 ...

Investment Rating - Maintained "Overweight" rating [1] Core Views - The company's 2024Q3 performance continued to grow, with significant breakthroughs in advanced semiconductor process equipment [2] - Revenue for the first three quarters of 2024 reached RMB 1.831 billion, a year-on-year increase of 18.5%, with net profit attributable to the parent company of RMB 82 million, a year-on-year increase of 752.58% [2] - Q3 2024 revenue was RMB 710 million, a year-on-year increase of 63.35%, with net profit attributable to the parent company of RMB 32 million, a year-on-year increase of 231.25% [2] - Gross margin for Q3 2024 was 43.97%, a year-on-year decrease of 4.60 percentage points, while net margin attributable to the parent company was 4.57%, a year-on-year increase of 10.25 percentage points [2] Business Layout and Performance - The company optimized its business layout, with semiconductor business leading growth [3] - Display segment revenue for Jan-Sep 2024 was RMB 1.268 billion, a year-on-year increase of 20.54%, while semiconductor segment revenue was RMB 407.97 million, a year-on-year increase of 95.33% [3] - New energy segment revenue was RMB 122.66 million, a year-on-year decrease of 51.51% [3] - Total orders on hand as of October 24, 2024, were approximately RMB 3.168 billion, with display, semiconductor, and new energy orders at RMB 831 million, RMB 1.69 billion, and RMB 646 million, respectively [3] R&D and Innovation - R&D investment for Jan-Sep 2024 was RMB 474.34 million, an increase of RMB 22.96 million compared to the same period last year [4] - The company made breakthroughs in display testing, focusing on mid and front-end panel manufacturing equipment, intelligent and precision optical instruments, and new display products such as OLED and Micro-OLED [4] - In semiconductor testing, the company achieved significant progress in advanced process technologies, with core products covering advanced processes and securing repeat orders for film thickness products, OCD equipment, and electron beam defect review equipment [4] Financial Forecasts - Adjusted revenue forecasts for 2024-2026 to RMB 2.798 billion, RMB 3.382 billion, and RMB 3.993 billion, respectively [5] - Adjusted net profit attributable to the parent company for 2024-2026 to RMB 196 million, RMB 330 million, and RMB 404 million, respectively [5] - Diluted EPS for 2024-2026 is projected at RMB 0.72, RMB 1.21, and RMB 1.48, respectively [5] - Current PE ratios for 2024-2026 are 89x, 53x, and 43x, reflecting the company's long-term growth potential in semiconductor and display testing equipment [5] Financial Metrics - Revenue for 2023 was RMB 2.429 billion, with a year-on-year decrease of 11.0%, while 2024E revenue is projected at RMB 2.798 billion, a year-on-year increase of 15.2% [8] - Net profit attributable to the parent company for 2023 was RMB 150 million, with a year-on-year decrease of 44.8%, while 2024E net profit is projected at RMB 196 million, a year-on-year increase of 30.8% [8] - Gross margin for 2023 was 48.9%, while 2024E gross margin is projected at 45.5% [8] - ROE for 2023 was 3.6%, while 2024E ROE is projected at 4.7% [8] Valuation and Ratios - Current P/E ratios for 2024-2026 are 89x, 53x, and 43x, respectively [5] - P/B ratios for 2024-2026 are 4.6x, 4.4x, and 4.1x, respectively [8] - EV/EBITDA ratios for 2024-2026 are 4.58x, 3.39x, and 2.87x, respectively [8]

2024-06-18 2、《Q4 业绩同环比大幅改善，半导体业务交付能力提 升—精测电子（300567.SZ）公司动态点评》2024-01-24 证券研究报告 | 公司动态点评 2024 年 10 月 29 日 精测电子（300567.SZ） 盈利端明显修复，半导体业务成业绩增长新引擎 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------|-------|-------------------------------|-------|-------------------------------------------|-----------| | | | | | | | | | | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 增持（维持评级） | | | 营业收入（百万元） | | | | | | | | | | | | | 2,731 2,429 2,880 3,750 4,380 | | ...

精测电子（300567.SZ） 通用设备 证券研究报告/公司点评报告 2024 年 10 月 28 日 精测电子：半导体量测业务放量驱动成长 | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|---------------------------|----------|-------|------------------------------------------|-------|-------| | 评级： 买入（维持） | 公司盈利预测及估值 \n指标 | \n2022A | 2023A | 2024E | 2025E | 2026E | | | 营业收入（百万元） | 2,731 | 2,429 | 2,900 | 3,750 | 4,690 | | 分析师：王芳 | 增长率 yoy% | 13% | -11% | 19% | 29% | 25% | | 执业证书编号： S0740521120002 | 归母净利润（百万元） | 272 | 150 | 212 | 363 | 460 | | | ...

还是分为两个环节。第一个部分呢,我就会对2020年三季度报告相关的一些财务事宜,以及公司的整体运营情况做一个简单的介绍。后面呢,更多的时间由我们的这个管理团队来解答各位投资者的这个提问,跟大家进行互动交流。那我们现在正式开始我们的这个三季度的这个电话交流。 第一个就是我们2084年前三季度的整体的财务数据的一个情况报告期内 工资实现一夜收入759.54万元较上年同比增长了63.35%实现归属于上升工资股东的净利润是3241.32万元较去年同期增长是231.25 2024年1-9月份公司实践营业收入18亿3063.84万元,较上年同比增长18.50%。实践归属于上市公司股东的新利润8224.11万元,较上年同比增长752.58%。第二个就是截止本报告期,也就是今天的整品开头订单的情况。 截止到本报告Q日,公司取得的在手订单的金额总计约31.68亿元,其中显示领域的在手订单约8.31亿元,半导体领域的在手订单约16.9亿元,心力元领域的在手订单约6.46亿元。这里面大家可以看到我们在半导体领域已经成为我们公司经营业绩的一个核心和一个重要的支撑了。 第三点就是整体的研发的投入的一个情况,跟各位投资人进行一个汇报。整 ...

证券研究报告·公司点评报告·通用设备 精测电子（300567） 2024 年三季报点评：业绩保持增长，看好半 导体业务持续放量 2024 年 10 月 27 日 增持（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|---------|--------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 2731 | 2429 | 3176 | 4112 | 5024 | | 同比（ % ） | 13.35 | (11.03) | 30.74 | 29.46 | 22.17 | | 归母净利润（百万元） | 271.89 | 150.10 | 267.01 | 377.41 | 504.10 | | 同比（ % ） | 41.40 | (44.79) | 77.88 | 41.35 | 33.57 | | EPS- 最新摊薄（元 / 股） | 0.99 ...