您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。[中泰证券]:聚和材料24半年报点评:Q2业绩超预期,业务拓展有望打开新成长曲线 - 发现报告

聚和材料24半年报点评:Q2业绩超预期,业务拓展有望打开新成长曲线

2024-09-05曾彪、吴鹏中泰证券嗯***
AI智能总结
查看更多
聚和材料24半年报点评:Q2业绩超预期,业务拓展有望打开新成长曲线

JKLM688503SHa bc JKLM24NOIQ22PQARS2TUVWXYZ defgI2024O9h6i 23 2022A 2023A 2024E 2025E 2026E ghij78k 6504 10290 14136 16978 19313 lmnyoy 28 58 37 20 14 opqj78k 391 442 621 801 928 lmnyoy 59 13 40 29 16 r5hZjk 162 183 256 331 383 r5st9f 502 1101 281 034 110 ouUhZn 9 9 12 13 14 PE 177 157 112 86 75 PB 15 14 13 12 10 ABCDE ffi2860 01S0740522020001 Emailzengbiaoztscomcn 23 01S0740522040004 Emailwupengztscomcn vwr5xyz560ffiT5ffi202495Ihffi 456785 242 956785 179 ffi 2860 78 6922 978 5114 0123456fi8 300 10 202309 202310 202311 202312 202401 202402 202403 202404 202405 202406 202407 202408 202409 0 10 20 30 40 50 60 70 9 1DEFGHIJKLMNOPQRSTUVWXYZ 2DEFGIJKLM23F 23aBbcT24dYZLECOef FGHI 456789202420241ABC6765DEF618GHIJK299DEF111LJM109EF07pctN24Q2ABC3812DEF590OF291GHIJK223DEF536OF 1944LJM130EF17pctOF47pctP QRST6Q2QROFUVWX61YZOF24Q2Z613aOFUV11bcNdZ484aOFUV47NdeFf24Q160UVgQ2h80N2YijklmnopqZrsCtuv78wJxyOFUVQ2zLJM13OFUV5pctP ijQP 6ZEZP95pXijP0BBsAnidXijNyBC5iQnPX1Z78iZAPERCTOPconZXijix40T20TPkHJTidf3“”Z‘’“nP 62024178Afifl5“5ijpaiPExcd1PAsP wJT6iZop 78QR782426AGHIJK0628093 D017695107DYEF40291623ffiPE0 11985678”TP U6pNNspP wJA 7 7 2023 2024E 2025E 2026E 2023 2024E 2025E 2026E 749 1029 1235 1405 012 10290 14136 16978 19313 3145 989 1359 1632 1856 067 9280 12546 15042 17135 3189 1825 2507 3011 3425 15 20 24 27 89 40 54 65 74 ABC 40 52 62 71 D 1327 1794 2151 2450 EFBC 87 113 135 153 GH 0 0 0 0 IJBC 294 325 387 440 KLMN 1864 2040 2170 2276 OPBC 39 141 185 209 MNG 6794 8782 10264 11487 QCRSTU 46 200 200 200 KLVWX 0 0 0 0 RSTU 48 70 80 80 VWYZX 229 229 229 229 SN1 13 60 0 0 a 160 233 304 372 X1 41 12 0 0 bcde 43 123 193 253 KL1 29 80 41 50 fg 115 128 140 150 0 498 701 904 1047 KLhMN 154 172 187 199 0i12 1 0 0 0 hMNG 702 886 1052 1203 0ijk 1 0 0 0 G 7496 9668 11316 12690 lm 498 701 904 1047 nWo9 1930 3444 4269 4730 pq 57 80 103 119 345 396 525 617 689 r 441 621 801 928 389 80 106 124 139 stYuT 1 0 0 0 19v 0 0 0 0 wxyzr 442 621 801 928 GH 5 7 8 10 NOPLAT 475 745 965 1113 KL39 36 36 36 36 EPSY7183256331383 WhMN 6 6 6 6 KLMN 99 121 156 177 OP MNG 2552 4245 5216 5786 20232024E2025E2026E VWo9 0 0 0 0 6V 3 0 0 0 0 012V 582 374 201 138 KLhMN 23 123 123 123 EBITV 168 568 294 153 hMNG 23 123 123 123 wyzrV 130 404 290 158 G 2576 4368 5339 5909 wxyzpZ 4920 5299 5976 6781 98 113 114 113 stYuZ 0 0 0 0 r 43 44 47 48 pZG 4920 5299 5976 6781 ROE 90 117 134 137 YuZ749696681131612690 ROIC 105 118 126 127 M7 344 452 472 466 20232024E2025E2026E PZ 398 674 736 717 NM 2664 679 83 267 MN 27 21 20 20 1 547 804 1045 1212 N 21 16 16 16 D 722 467 357 299 31 932 996 708 567 l 14 15 15 15 3 145 155 110 86 3189t 51 55 58 60 KL 1701 175 174 164 389t 4 3 3 3 XNM 133 274 226 226 Dt 37 45 47 48 7jk 135 208 211 214 Y YZX 229 0 0 0 Y1 183 256 331 383 KLVW 497 66 15 12 YM 1101 281 034 110 NM 2362 1233 516 129 Yr 2033 2189 2469 2801 o9 1167 1514 824 461 S Yj 61 232 314 365 PE 157 112 86 75 Yu 0 0 0 0 PB 14 13 12 10 KL 1256 49 6 33 EVEBITDA 101 69 53 46 Wind FGjk T B 3CT 8 612DEE“F2GHI15o1 612DEE“F2GHI515J K 612DEE“F2GHI105J L 612DEE“F2GMI10o1 QT 612DEE“F2GHI10o1 cN 612DEE“F2GHI1010J L 612DEE“F2GMI10o1 OP6T3FQ9R612DE783ffi0SQ2GYE“F2GAAPbcA3oTU3002G“FNVWoVW20XYZ3YSVW2G0X3Y“FNoabcJcd2G“Fe3o3f5002GSghijz2G“F0XKBkkYP clm3nKo780opq7”78”YrKcdmstuvwxyzmQP”Q8”78suP”78xCC”Q1bsP ”Q“”78pbwzfl7SSys7kVSP”78yflFNN”QcQ79zxxP”78”Qflz 9fi2PSP”QfrflpU8sloxSiZ”78gQcEfiZP”Qc2pzxDslsiZP KP”78u”QcEfcP Poy”78pb”78lzxxKQcp789mzx78U8SU8Z“”ij‘’“”P”78pb”78lSDzx”Q79uSbcflP ”QG7clm3nKo78”KP4”78lDv”Q9gflv”QKSP