2023年中报点评：T/R组件业务持续发力，Q2营收业绩创下新高

1          报表预测单位:百万元会计年度2020202120222023E2024E2025E利润表 营业收入2,212.272,508.813,460.514,309.625,393.286,763.65 减: 营业成本1,553.591,638.642,399.242,975.833,661.864,585.13 税金及附加4.1510.1719.4224.1930.2737.96 主营业务利润654.53860.011,041.851,309.601,701.162,140.56 减: 销售费用8.349.2210.1010.7716.1823.67 管理费用54.4670.9282.45102.67128.49161.14 研发费用207.52244.08345.07409.41539.33676.37 财务费用9.2413.09-2.98 -27.05 -30.43 -36.87 经营性利润374.97522.70607.21813.791,047.591,316.26 加: 资产减值损失-36.29 -115.93 -12.16 -59.75 -70.69 -58.25 信用减值损失-33.80 -36.57 -70.81 -71.45 -91.89 -121.39 其他经营损益-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 投资收益0.000.000.510.000.000.00 公允价值变动损益0.000.002.840.000.000.00 资产处置收益0.000.020.000.000.000.00 其他收益24.6720.3030.3324.7624.8026.51 营业利润329.54390.50557.92707.35909.801,163.13 加: 其他非经营损益0.000.000.000.000.000.00 营业外收入0.000.010.000.000.000.00 减: 营业外支出0.000.072.900.000.000.00 利润总额329.55390.44555.02707.35909.801,163.13 减: 所得税21.3622.2734.4343.8856.4472.16 净利润308.19368.16520.59663.47853.361,090.98 减: 少数股东损益0.000.000.000.000.000.00 归属母公司股东净利润308.19368.16520.59663.47853.361,090.98资产负债表 货币资金581.841,025.702,337.662,360.672,659.203,121.59 交易性金融资产0.000.00502.84502.84502.84502.84 应收票据449.96525.511,364.081,698.782,125.942,666.12 应收账款1,199.291,288.461,415.981,763.422,206.842,767.57 预付账款7.6810.0111.2714.0317.5622.02 其他应收款0.230.140.040.050.060.08 存货872.40858.40955.061,184.591,457.671,825.20 其他流动资产30.7928.7055.2268.7786.06107.93 长期股权投资0.000.000.000.000.000.00 金融资产投资0.000.000.000.000.000.00 投资性房地产0.000.000.000.000.000.00 固定资产和在建工程739.161,146.621,537.981,538.741,629.991,711.74 无形资产和开发支出47.9246.9158.03101.1599.2697.38 其他非流动资产71.31120.1886.9986.9986.9986.99 资产总计4,000.575,050.628,325.159,320.0210,872.4212,909.45 短期借款200.060.000.000.000.000.00 交易性金融负债0.000.000.000.000.000.00 应付票据59.37296.11869.831,078.881,327.591,662.32 应付账款805.571,185.681,490.431,848.622,274.792,848.33 预收账款0.000.000.000.000.000.00 合同负债6.62583.648.0610.0312.5515.74 其他应付款121.84106.99115.87143.71176.84221.43 长期借款0.00162.35132.44108.3286.0662.08 其他负债629.87164.8972.9781.3892.14106.12 负债合计1,823.332,499.662,689.603,270.943,969.984,916.03 股本360.00360.00400.01400.01400.01400.01 资本公积1,602.751,608.304,325.974,325.974,325.974,325.97 留存收益214.49582.66909.561,323.102,176.463,267.44 归属母公司股东权益2,177.242,550.965,635.546,049.086,902.447,993.42 少数股东权益0.000.000.000.000.000.00 股东权益合计2,177.242,550.965,635.546,049.086,902.447,993.42 负债和股东权益合计4,000.575,050.628,325.159,320.0210,872.4212,909.45 投入资本(IC)2,348.532,314.813,792.614,371.295,174.786,121.99现金流量表 经营性现金净流量-416.22 1,142.73-183.99 416.55491.90651.13 投资性现金净流量-384.02 -451.59 -1,005.28 -146.54 -201.54 -201.64 筹资性现金净流量1,287.56-247.73 2,501.68-247.00 8.1712.90 现金流量净额487.32443.411,312.4023.02298.53462.38