2023年中报点评：扣非净利润增长123%，相控阵气象雷达有望持续发力

1            报表预测单位:百万元会计年度2020202120222023E2024E2025E利润表 营业收入131.29183.03210.01310.61364.92503.61 减: 营业成本26.6836.0940.2868.3980.87112.92 税金及附加0.661.211.191.752.062.84 主营业务利润103.95145.73168.54240.46281.98387.84 减: 销售费用3.557.2915.3727.9531.0240.29 管理费用12.0514.1415.4834.1740.1455.40 研发费用22.9031.8042.2856.8966.8492.24 财务费用0.05-2.72 -3.48 -14.21 -27.72 -25.72 经营性利润65.4095.2298.90135.66171.71225.63 加: 资产减值损失-2.06 -1.53 -1.67 -2.51 -2.94 -4.06 信用减值损失-3.94 -5.47 -9.90 -11.08 -13.02 -17.96 其他经营损益0.000.00-0.00 -0.00 -0.00 -0.00 投资收益2.480.530.000.000.000.00 公允价值变动损益0.000.000.000.000.000.00 资产处置收益0.000.000.000.000.000.00 其他收益14.2220.1029.8711.5610.2310.92 营业利润76.09108.85117.20133.63165.98214.53 加: 其他非经营损益0.000.000.000.000.000.00 营业外收入0.010.030.030.020.020.02 减: 营业外支出0.010.000.010.010.010.01 利润总额76.10108.87117.22133.64166.00214.55 减: 所得税9.5112.2611.2612.8415.9520.61 净利润66.5996.62105.95120.80150.05193.93 减: 少数股东损益0.000.000.000.000.000.00 归属母公司股东净利润66.5996.62105.95120.80150.05193.93资产负债表 货币资金136.02160.94224.921,877.421,851.611,610.63 交易性金融资产0.000.000.000.000.000.00 应收票据0.000.000.000.000.000.00 应收账款101.95150.68218.52323.37379.91524.31 预付账款3.072.793.164.685.507.59 其他应收款0.480.720.811.191.401.94 存货42.7970.2899.61137.33162.39226.75 其他流动资产0.004.115.928.7510.2814.18 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29.5053.5264.3697.84249.71454.30 无形资产和开发支出53.3654.8352.5343.7835.0226.27 其他非流动资产7.4812.938.577.306.036.03 资产总计374.65510.81678.412,501.662,701.852,872.00 短期借款0.990.0060.060.000.000.00 交易性金融负债0.000.000.000.000.000.00 应付票据0.000.000.000.000.000.00 应付账款13.8725.1918.5238.2546.2959.91 预收账款0.000.000.000.000.000.00 合同负债1.212.074.817.128.3611.54 其他应付款6.0019.8325.150.000.000.00 长期借款0.005.995.175.175.175.17 其他负债15.0319.6418.0166.85217.22318.19 负债合计37.1172.72131.73117.39277.05394.81 股本116.00116.00116.00154.67154.67154.67 资本公积175.87179.80182.441,948.741,948.741,948.74 留存收益45.67142.28248.24280.87321.40373.78 归属母公司股东权益337.54438.09546.682,384.272,424.812,477.19 少数股东权益0.000.000.000.000.000.00 股东权益合计337.54438.09546.682,384.272,424.812,477.19 负债和股东权益合计374.65510.81678.412,501.662,701.852,872.00 投入资本(IC)215.65301.44407.99543.09614.86922.09现金流量表 经营性现金净流量-42.99 43.9633.02-28.91 96.7364.97 投资性现金净流量-63.21 -20.40 -23.95 -39.53 -190.74 -290.11 筹资性现金净流量187.04-2.35 55.951,720.9468.20-15.83 现金流量净额80.8421.1965.041,652.50-25.81 -240.97