| --- | --- | --- | --- | --- | |-------|---------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 司深 度 | | | | | | | | | | | | | | | | | | | | | | [Table_StockNameRptType] 中国西电（ 601179） 业绩符合预期，海内外需求共振 主要观点： 公司点评 正 泰电器 （6018 77） 公司 研究/公司 点评 ⚫[Table_Summary] 业绩 公司公布 2024H1 业绩，实现营收 102.84 亿元，YoY+8.24%；实现归母 净利润 4.52 亿元，YoY+5.23%；实现扣非归母净利润 4.71 亿元， YoY+22.87%。其中 2024Q2 实现营收 56.02 亿元，YoY+19.03%；实现归 母净 ...

福田汽车（ [Table_StockNameRptType] 600166） 公司覆盖 商用车周期复苏，新技术新产品加速落地 | --- | --- | |----------------------------------------|-----------| | [Table_Rank] 投资评级：买入 首次覆盖 | | | 报告日期： 2024-09-03 | | | [Table_BaseData] 收盘价（元） | 2.29 | | 近 12 个月最高 / 最低（元） | 3.73/2.20 | | 总股本（百万股） | 8,004 | | 流通股本（百万股） | 6,575 | | 流通股比例（ % ） | 82.15 | | 总市值（亿元） | 183 | | 流通市值（亿元） | 151 | [公司价格与沪深 Table_Chart] 300 走势比较 -46% -31% -16% 0% 15% 9/23 12/23 3/24 6/24 福田汽车 沪深300 [Table_Author] 分析师：姜肖伟 执业证书号：S0010523060002 电话：18681505180 邮箱：jiangx ...

[Table_Profit] 拓普集团（ [Table_StockNameRptType] 601689） 公司点评 新产品与新客户放量，收入持续高增长 | --- | --- | --- | |-------------------------------------|------------|-------------| | | | | | [Table_Rank] 投资评级：买入（维持） | | | | 报告日期： | 2024-09-03 | | | [Table_BaseData] 收盘价（元） | | 31.83 | | 近 12 个月最高 / | 最低（元） | 50.40/29.57 | | 总股本（百万股） | | 1,686 | | 流通股本（百万股） | | 1,686 | | 流通股比例（ % ） | | 100.00 | | 总市值（亿元） | | 537 | | 流通市值（亿元） | | 537 | -51% -36% -21% -5% 10% 9/23 12/23 3/24 6/24 拓普集团 沪深300 [Table_Author] 分析师：张志邦 执业证书号：S0010523 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has demonstrated steady revenue growth, with a 22.1% year-on-year increase in revenue for H1 2024, reaching 4.011 billion yuan. However, the net profit attributable to the parent company decreased by 19.3% year-on-year to 315 million yuan [2][3] - The company is expanding its overseas business, achieving direct overseas revenue of 1.394 billion yuan in H1 2024, a 34.24% increase, which accounts for 34.75% of total revenue [2] - The company is well-positioned in the AI server power supply market, collaborating with a leading international company to meet related demands, indicating potential for significant market expansion [2] Financial Summary - For 2024E, the company is projected to achieve revenue of 8.255 billion yuan, a 22.2% increase year-on-year, with net profit expected to be 719 million yuan, reflecting a 14.3% growth [3][4] - The gross margin is expected to be 24.1% in 2024E, slightly down from 24.9% in 2023A, while the return on equity (ROE) is projected to remain stable at 14.2% [3][4] - The company's earnings per share (EPS) is forecasted to increase from 1.27 yuan in 2023A to 1.43 yuan in 2024E [3][4]

迪安诊断（ [Table_StockNameRptType] 300244） 公司点评 二季度收入环比改善，减值影响利润 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

翔宇医疗（ [Table_StockNameRptType] 688626） 公司点评 研发销售投入加大，2024H1 净利润短期承压 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

中科江南（ [Table_StockNameRptType] 301153） 公司点评 2024 年中报，客户预算支出调整影响收入，新业务成长迅速 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

保隆科技（ [Table_StockNameRptType] 603197） 公司点评 | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has recently received a project designation letter from a major new energy vehicle manufacturer, marking a significant breakthrough in its business model [1] - The project includes three new platform-type seat frame projects, with expected mass production dates in March and July 2025 [1] - The total revenue generated from these projects is estimated to be 2.269 billion RMB over a lifecycle of five years, from 2025 to 2029 [1] - The company is transitioning from being a Tier 1 supplier to a Tier 2 supplier, indicating a shift in its role within the supply chain [1] - The company is expected to see substantial growth in its seat business, with net profit forecasts for 2024, 2025, and 2026 at 173 million, 250 million, and 341 million RMB respectively, reflecting growth rates of 90%, 44%, and 37% [1][5] Financial Summary - Revenue for 2023 is projected at 1.519 billion RMB, with significant growth expected in subsequent years: 2.628 billion RMB in 2024, 3.492 billion RMB in 2025, and 4.036 billion RMB in 2026 [4] - The net profit for 2023 is estimated at 91 million RMB, increasing to 173 million RMB in 2024, 249 million RMB in 2025, and 341 million RMB in 2026 [4][5] - The company's gross margin is expected to stabilize around 16% in 2025 and improve to 17% by 2026 [5] - The company's cash flow from operating activities is projected to increase significantly from 53 million RMB in 2023 to 652 million RMB in 2026 [3]

三花智控（ [Table_StockNameRptType] 002050） 公司点评 Q2 业绩符合预期，毛利率稳中有升 | --- | --- | |-------------------------------------|-------------| | | | | [Table_Rank] 投资评级：买入（维持） | | | 报告日期： | 2024-09-02 | | [Table_BaseData] 收盘价（元） | 17.34 | | 近 12 个月最高 / 最低（元） | 29.09/15.66 | | 总股本（百万股） | 3,733 | | 流通股本（百万股） | 3,670 | | 流通股比例（ % ） | 98.33 | | 总市值（亿元） | 647 | | 流通市值（亿元） | 636 | [公司价格与沪深 Table_Chart] 300 走势比较 -54% -37% -19% -2% 16% 9/23 12/23 3/24 6/24 三花智控 沪深300 [Table_Author] 分析师：张志邦 执业证书号：S0010523120004 邮箱：zhangzhibang@h ...