 2018 2019 2020E 2021E 2022E 354 21,155 25,466 41,890 52,182 -0.95% 5884.16% 20.38% 64.49% 24.57% 5 1,252 1,616 2,479 3,081 -77.79% 25329.01% 29.09% 53.40% 24.28% 0.01 0.93 1.01 1.55 1.93 0.39% 15.67% 16.83% 20.51% 20.32% 3,025 41 38 25 20 11.7 6.4 6.4 5.1 4.0 -10%60%129%199%269%10-1901-2004-2007-20晶澳科技沪深300 % 1M 3M 1Y 5.83 64.25 224.37 8.19 64.26 245.17  要点 2018 2019 2020E 2021E 2022E 354 21,155 25,466 41,890 52,182 286 16,658 20,266 33,655 42,042 36 1,422 1,310 1,564 1,831 5 137 163 264 329 23 1,197 1,401 2,262 2,766 59 699 815 1,299 1,618 -2 569 532 825 1,082 7 257 306 461 574 19 -116 0 0 0 3 1,669 2,052 3,137 3,895 0 1,611 2,064 3,149 3,908 -4 327 413 630 782 5 1,284 1,651 2,519 3,126 0 32 35 40 45 5 1,252 1,616 2,479 3,081 0.01 0.93 1.01 1.55 1.93 2018 2019 2020E 2021E 2022E -10 3,691 3,326 3,293 5,026 5 1,252 1,616 2,479 3,081 36 1,422 1,310 1,564 1,831 -220 5,822 1,007 6,142 3,849 170 -4,806 -608 -6,891 -3,734 -147 -2,329 -4,296 -4,100 -4,100 -1 -1,786 -4,300 -4,100 -4,100 0 149 0 0 0 -146 -692 4 0 0 0 -149 2,889 5,734 2,161 0 953 254 0 0 0 8,615 3,306 6,124 2,971 42 11,404 1,550 5,878 3,683 -157 1,229 1,918 4,927 3,088 2018 2019 2020E 2021E 2022E 1,485 28,528 35,035 49,557 59,337 65 5,721 7,640 12,567 15,655 0 0 0 0 0 347 3,889 4,681 7,700 9,592 40 0 0 0 0 16 344 414 679 846 155 2,780 3,432 5,848 7,362 150 924 1,084 1,694 2,077 796 14,832 18,517 30,102 37,362 0 0 0 0 0 0 149 149 149 149 342 10,402 12,670 14,982 17,134 21 1,025 1,479 1,638 1,693 42 760 828 893 955 0 0 0 0 0 264 88 88 88 88 689 13,696 16,518 19,454 21,975 214 20,233 25,089 37,092 43,746 0 4,846 7,434 11,558 12,529 127 2,800 3,407 5,658 7,068 49 1,655 2,013 3,343 4,176 17 1,804 2,172 3,572 4,450 0 342 342 342 342 210 15,092 18,452 28,020 32,401 0 2,388 4,388 6,388 8,388 0 100 100 100 100 1 551 666 1,100 1,373 4 5,140 6,637 9,072 11,344 1,271 8,295 9,946 12,465 15,591 389 1,342 1,595 1,595 1,595 1,711 4,238 4,146 4,394 4,398 -832 2,457 3,912 6,143 9,220 1,271 7,989 9,606 12,085 15,166 0 305 340 380 425 2018 2019 2020E 2021E 2022E 19.1% 21.3% 20.4% 19.7% 19.4% 5.4% 18.2% 15.5% 13.6% 13.3% -4.8% 10.9% 10.3% 9.9% 9.7% 0.1% 7.6% 8.1% 7.5% 7.5% 1.4% 5.9% 6.3% 5.9% 5.9% 0.3% 4.5% 4.7% 5.1% 5.3% 0.4% 15.7% 16.8% 20.5% 20.3% -13.5% 10.2% 9.7% 10.9% 11.2% 2018 2019 2020E 2021E 2022E 14% 71% 72% 75% 74% 3.79 0.98 1.00 1.07 1.15 3.05 0.80 0.82 0.87 0.93 - 0.93 0.81 0.67 0.72 - 3.13 2.81 2.66 2.74 2018 2019 2020E 2021E 2022E 7% 6% 6% 5% 5% 17% 3% 3% 3% 3% 0% 3% 2% 2% 2% 2% 1% 1% 1% 1% -935% 20% 20% 20% 20% 2018 2019 2020E 2021E 2022E 0.00 0.00 0.00 0.00 0.00 -0.02 2.75 2.08 2.06 3.15 3.27 5.95 6.02 7.58 9.51 0.91 15.77 15.96 26.26 32.71 2018 2019 2020E 2021E 2022E 3025 41 38 25 20 11.7 6.4 6.4 5.1 4.0 777 16 19 14 12 0.0% 0.0% 0.0% 0.0% 0.0% qRtPqPpQnQrPqMvNmMmMpN8OaOaQnPqQtRpPlOoPpOlOqQsQ8OrQzQNZrMtPuOsOoN