公司发布2024年 年报，业绩持续表现优异公司于2025 年8 月18 日发布2025 年中报业绩，实现营业收入 2.53亿元，同比增长84.34%；实现归属于上市公司股东的净利润1.54 亿元，同比增长173.37%；实现归 母扣非净利润1.48亿元，同比增长210.65%。 发布限制性股票激励（草案），彰显公司经营信心公司于2025 年8 月18 日发布公告，拟授予限制性股 票数量320 万股，授予价格（含预留部分）为56.89 元/股，激励对象总人数为129 人，约占公司员工总 人数200 人（截至2024 年12 月31 日）的64.50%，归属条件在业绩考核要求部分对公司的营业收入和净 利润都设定考核目标。本激励规划是公司上市以来的第二次激励，也彰显了公司的经营信心。 公司当前股价对应的PE 为99/66/49 倍，维持"买入"投资评级。 下游领域布局持续开阔，参股新公司积极拥抱新领域公司高性能MEMS 陀螺仪的精度水平可以达到中 低精度的激光陀螺仪和光纤陀螺仪，随着MEMS 惯性技术的愈发成熟，在保持原有低成本、小体积、 可批量生产的特点下，精度水平不断提高，将可在诸多战术级应用场景替代激光陀螺和 ...

芯动联科（ [Table_StockNameRptType] 688582） 公司点评 中报业绩表现优异，多场景高渗透全面开花 | | | | Table_BaseData] [收盘价（元） | 79.40 | | --- | --- | | 近 12 个月最高/最低（元） | 88.95/30.82 | | 总股本（百万股） | 401 | | 流通股本（百万股） | 249 | | 流通股比例（%） | 62.19 | | 总市值（亿元） | 318 | | 流通市值（亿元） | 198 | 公司于 2025 年 8 月 18 日发布 2025 年中报业绩，实现营业收入 2.53 亿元，同比增长 84.34%；实现归属于上市公司股东的净利润 1.54 亿元， 同比增长173.37%；实现归母扣非净利润1.48亿元，同比增长210.65%。 基本每股收益 0.39 元，同比增长 178.57%。公司业绩上市以来持续表 现优异，随着产品渗透率加速提升，我们持续看好公司长期发展。 ⚫ 发布限制性股票激励（草案），彰显公司经营信心 公司于 2025 年 8 月 18 日发布公告，拟授予限制性股票数量 320 万股 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve significant growth in its 2025 semi-annual performance, with revenue projected to be between 228 million to 278 million yuan, representing a year-on-year increase of 66.04% to 102.45%. The net profit attributable to the parent company is expected to be between 138 million to 169 million yuan, reflecting a year-on-year increase of 144.46% to 199.37% [4] - The company has a strong order backlog and successfully delivered products as planned, contributing to substantial revenue growth in the first half of 2025. The overall net profit margin is anticipated to reach 60.67% [4] - The company has adjusted its profit forecast, expecting net profits for 2025-2027 to be 342 million, 510 million, and 745 million yuan respectively, with corresponding EPS of 0.85, 1.27, and 1.86 yuan per share [4] Financial Summary and Valuation Indicators - Revenue for 2023 is 317 million yuan, with a year-on-year growth of 39.8%. It is projected to reach 1.302 billion yuan by 2027, with a CAGR of 45% [7] - The net profit for 2023 is 165 million yuan, with a year-on-year growth of 41.8%, expected to grow to 745 million yuan by 2027 [7] - The gross margin is expected to be 83% in 2023, improving to 86% by 2027, while the net margin is projected to increase from 52.2% in 2023 to 57.2% in 2027 [10] Market Growth Potential - The eVTOL market is expected to grow significantly, with a projected market size of 9.5 billion yuan by 2026, reflecting a CAGR of approximately 72.3% from 2024 to 2026. The IMU module accounts for about 8% of eVTOL costs [5] - The domestic high-performance MEMS gyroscope market is estimated to reach 1.268 billion yuan in 2023, with a CAGR of approximately 42.3% from 2023 to 2028 [5]