【中航证券】爱科赛博（688719）-2024年报及2025一季报点评：电力电子变换控制领先企业，2024全年营收创下历史新高-250518（8页）.pdf

1、 1 报表预测报表预测单位:百万元单位:百万元会计年度会计年度2022202220232023202420242025E2025E2026E2026E2027E2027E利润表利润表 营业收入578.98826.06972.271,302.871,600.221,775.41 减:营业成本323.76452.39631.16830.781,036.591,142.36 税金及附加5.065.745.777.739.4910.53 主营业务利润 主营业务利润250.16367.93335.35464.36554.13622.52 减:销售费用55.5688.0969.0592.50104.011

2、15.40 管理费用39.8449.7864.0185.73105.29106.52 研发费用65.6589.25141.91190.22233.63248.56 财务费用6.294.38-12.07-11.78-10.54-12.17 经营性利润 经营性利润82.82136.4272.45107.70121.73164.21 加:资产减值损失-8.44-12.31-9.92-6.51-6.40-0.89 信用减值损失-9.31-10.85-14.87-19.54-4.80-3.55 其他经营损益0.00-0.00-0.00-0.00-0.00-0.00 投资收益-0.29-0.02 0.79

3、0.520.610.58 公允价值变动损益0.080.141.250.000.000.00 资产处置收益-0.65-0.12 0.20-0.19-0.19-0.19 其他收益8.0423.0418.6520.1219.6319.79 营业利润 营业利润72.25136.3068.55102.08130.57179.95 加:其他非经营损益0.000.000.000.000.000.00 营业外收入4.4813.750.365.515.174.48 减:营业外支出4.252.362.242.612.452.47 利润总额 利润总额72.48147.6866.67104.98133.29181.9

4、6 减:所得税2.4413.56-5.61 1.441.832.50 净利润 净利润70.05134.1372.29103.53131.46179.46 减:少数股东损益1.36-4.52-0.84-1.20-1.52-2.08 归属母公司股东净利润 归属母公司股东净利润68.69138.6473.12104.73132.98181.54资产负债表资产负债表 货币资金84.101,165.98291.69219.16204.12284.26 交易性金融资产0.0080.14596.25596.25596.25596.25 应收票据61.0751.7662.8084.16103.36114.68

5、 应收账款334.91487.61572.06678.21876.83972.83 预付账款7.906.438.0610.8013.2614.72 其他应收款3.805.247.109.5211.6912.97 存货242.33313.65348.18457.50525.40629.08 其他流动资产6.466.265.497.369.0410.03 长期股权投资0.000.0042.4141.5340.5139.53 金融资产投资0.000.0010.0010.0010.0010.00 投资性房地产0.000.000.000.000.000.00 固定资产和在建工程113.87131.203

6、43.37478.12519.30499.16 无形资产和开发支出12.1014.0534.7433.1331.5229.91 其他非流动资产23.2730.2552.2051.2450.8849.23 资产总计 资产总计889.822,292.562,374.362,676.972,992.153,262.63 短期借款137.938.2063.530.000.000.00 交易性金融负债0.000.000.000.000.000.00 应付票据44.9359.3666.00103.73129.43142.63