半导体真空泵

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A股震荡攀升,创业板指半日最大涨幅近2%
Mei Ri Jing Ji Xin Wen· 2025-05-08 04:29
5月8日,A股震荡攀升,创业板指一度涨近2%,截至上午收盘,上证指数涨0.38%报3355.26点,深证成指涨1.03%,创业板指涨1.74%,北证50涨0.14%,科 创50跌0.28%,中证A500涨0.74%,A股半日成交8271亿元。 资金面,央行公告称,5月8日以固定利率、数量招标方式开展了1586亿元7天期逆回购操作,操作利率1.40%,投标量1586亿元,中标量1586亿元。 消息面,金融监管总局副局长丛林表示,金融服务重点领域和关键环节的民营企业,发力点放在"一业一策"上,立足行业产业特点,提供有针对性的金融服 务。目前已经设立74只私募股权投资基金,另外在18个试点城市落地了科技企业并购贷款,支持科技企业畅通资本循环。 板块方面,军工股延续强势,通信光模块方向活跃。 | | 板块名称 | 均涨幅%1 | | --- | --- | --- | | 1 | 地热能 | 2.89 | | 2 | 铜缆高速连接 | 2.46 | | 3 | 热泵概念 | 2.40 | | 4 | 远程办公 | 2.37 | | 5 | BC电池 | 2.19 | | 6 | 人脑工程 | 2.16 | | 7 | ...
汉钟精机(002158):净利率提升 半导体真空泵替代持续
Xin Lang Cai Jing· 2025-04-29 02:43
Core Viewpoint - Hanbell Precise Machinery reported a revenue of 3.674 billion yuan for 2024, a year-on-year decrease of 4.62%, and a net profit attributable to shareholders of 863 million yuan, a decrease of 0.28% year-on-year, primarily due to the downturn in the real estate market affecting demand for refrigeration compressors and photovoltaic vacuum pumps [1] Financial Performance - The gross margin for 2024 was 38.31%, down by 2.01 percentage points year-on-year, mainly due to a price war triggered by supply-demand mismatches in the photovoltaic industry [2] - The net profit margin improved to 23.53%, an increase of 1.02 percentage points year-on-year, reflecting effective cost control measures [2] - The operating expense ratio for 2024 was 11.34%, down by 3.08 percentage points year-on-year, with management expenses at 4.03% (up 0.19 percentage points), sales expenses at 3.84% (down 0.88 percentage points), and R&D expenses at 4.95% (down 0.76 percentage points) [2] Industry Outlook - The demand for refrigeration compressors is expected to benefit from growth in the cold chain logistics and heat pump industries, as well as equipment upgrades, despite pressure from the commercial central air conditioning market due to real estate adjustments [3] - The total demand for cold chain logistics in 2024 is projected to reach 365 million tons, a year-on-year increase of 4.3% [3] - The semiconductor vacuum pump market is seeing a trend towards domestic substitution, with the company increasing its marketing efforts in the domestic semiconductor industry and beginning bulk deliveries to recognized semiconductor manufacturers [3] Profit Forecast and Valuation - The company forecasts net profits attributable to shareholders for 2025-2027 to be 931 million yuan, 1.032 billion yuan, and 1.138 billion yuan, respectively, reflecting a downward adjustment due to unexpected pressures on commercial air conditioning and photovoltaic vacuum pumps [4] - The target price is set at 20.88 yuan, based on a 12 times price-to-earnings ratio for 2025, maintaining a "buy" rating [4]
【汉钟精机(002158.SZ)】2024年业绩承压,看好半导体真空泵业务——2024年年报点评(黄帅斌/陈佳宁/汲萌/李佳琦)
光大证券研究· 2025-04-28 09:07
点击注册小程序 查看完整报告 特别申明: 本订阅号中所涉及的证券研究信息由光大证券研究所编写,仅面向光大证券专业投资者客户,用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户,请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限,若给您造成不便,敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 事件: 4月25 日 汉钟精机发布 2024年年报。 2024年公司实现营收36.74亿元,同比-4.6%;实现归母净利润8.63 亿元,同比-0.3%;实现扣非归母净利润8.21亿元,同比-2.2%。其中,2024Q4公司单季度实现营收8.18亿 元,同比-13.6%;归母净利润1.41亿元,同比-23.7%;扣非归母净利润1.32亿元,同比-31.3%。 2024年销 售毛利率为38.3%,同比下滑2.0pct。 点评: 多条产品线稳健增长,与客户合作进展顺利。公司核心产品与下游头部客户建立稳定合作,产品应用领域 不断扩大: 1)商用空调压缩机: 新一代产品持续迭代, 能 适配新型环保冷媒; 2)冷冻冷藏压缩机: 通过对技 ...
汉钟精机(002158):2024年年报点评:2024年业绩承压,看好半导体真空泵业务
EBSCN· 2025-04-28 03:44
要点 2025 年 4 月 28 日 公司研究 2024 年业绩承压,看好半导体真空泵业务 ——汉钟精机(002158.SZ)2024 年年报点评 事件: 4 月 25 日汉钟精机发布 2024 年年报。2024 年公司实现营收 36.74 亿元, 同比-4.6%;实现归母净利润 8.63 亿元,同比-0.3%;实现扣非归母净利润 8.21 亿元,同比-2.2%。其中,2024Q4 公司单季度实现营收 8.18 亿元,同比-13.6%; 归母净利润 1.41 亿元,同比-23.7%;扣非归母净利润 1.32 亿元,同比-31.3%。 2024 年销售毛利率为 38.3%,同比下滑 2.0pct。 点评:收入小幅下滑,利润基本稳定 受下游需求波动影响,公司全年营收略有下滑,但得益于产品结构持续优化与成 本控制,归母净利润与上年基本持平。海外布局方面,越南北宁工厂正式投产, 海外收入同比增长 8.3%,国际化进程稳步推进。随着产品持续迭代、国产替代 加速落地,叠加海外市场稳步拓展,展望中长期,公司盈利能力有望逐步提升。 压缩机业务稳中有升,真空业务短期承压。分产品来看,2024 年公司压缩机(组) 收入 20.3 ...