绿联科技首次覆盖报告：品牌崛起，NAS提速

公司主要财务信息 | | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | 4,803 | 6,170 | 8,688 | 11,641 | 14,834 | | 同比增长 (%) | 25.1% | 28.5% | 40.8% | 34.0% | 27.4% | | 营业利润(百万元) | 438 | 517 | 791 | 1,114 | 1,500 | | 同比增长 (%) | 17.3% | 18.2% | 52.9% | 40.8% | 34.7% | | 归属母公司净利润(百万元) | 388 | 462 | 695 | 982 | 1,317 | | 同比增长 (%) | 18.4% | 19.3% | 50.4% | 41.3% | 34.1% | | 每股收益（元） | 0.93 | 1.11 | 1.68 | 2.37 | 3.17 | | 毛利率(%) | 37.6% | 37.4% | 37.8% | 38.3% | 38.7% | | 净利率(%) | ...