1、!#$%&()*+,-.*/01234 !#$!#$24%&()*+,-./012345%&()*+,-./012345 !#$%!#$%l!#$%!#$%&(&()*)*2024+,-.+,-./0 2024+1234567 6.9 89:;7 19.0%?12ABCD7-0.2 89:EFG 190 H9IJK 2024+Q4 1234567 2.1 89:;7 35.9%:L7 22.7%?12ABCD7 0.03 89:;7 167.7%:L7 132.8%I/04MN/04MN24+EFEF:OPQN:OPQN/0/0RSTUVWXY:RSTUVWXY:ZZ_abcdeafghijd
2、bklmnopqr_abcdeafghijdbklmnopqrRSsRSstItI l uvwxuvwxAI/fghikyKzfghikyKz):):/0|/0|4=4=AC-DC%12024+/0ezalm56;44%I2uv AI wxKz)jast:/0VW561 89:;7 41%:Z“”Wn AI&AR kKz4I LED%1/0 PFC+LLC/LED”_6yeh_ LED 4“”K-?2/0 GaN E”9:lj LED?3/0,QR Buck LED _:2024+W56;411%I DC-DC%1/0 DC-DC 4.5-40V a0.6-6A aVW:2024+56;146
3、%I28A a60V VWlm:/0_ 60V85V100V ay;VW:h 100V n CMCOT Y DC-DC VW6_VI a%a%2024+/0a56;+/0a56;480%II/0y/BLDC aKz CPU GPU PCadkKzlmnI/04dbfghikh_alm)*an BLDC az KP90611:;12V a KP93102 SVPWM!n#$%k_d:&zN|()*+kVWI l,-./,-./012/0 2025-2027+ABCD345 900 H/4000 H/7800 H9:J67n 2025+nCD 1800 H89:J67n 2026+nBCD7 21
4、00 H8IJK PE 5 269/63/32x:R“=R”$;I l 4?AB=:jW6C7=:9DC7=kI Table_Profit Table_StockNameRptType!#!#$688045%/0#$&()%*+,&()%*+,-+-+.!#$%2025-04-30 56789:35.56;12?/89:44.87/20.66 ABC8DEB:69.84 FGBC8DEB:37.70 FGBHI8%:53.97 AJK8L9:24.83 FGJK8L9:13.40 /0EFGH/0EFGH300IJKIJK Table_Author 3LM%3LM%NOPNOP&()*%S00
5、10523060001+,% Q QQ QR-.R-.Q Q-./012 3456789:;$?/0-/?-35%-15%5%25%45%65%4/247/2410/241/254/25必易微沪深300Table_CompanyRptType1&(&(SS688045 !#$%&()*+,-.*2/4/01234 l TPUVTPUV WW:XHXH99 ABCDEFABCDEF 2024A 2025E 2026E 2027E 4GH YZZ?Z?_?_?GHIJK%L _ab?ab?acb?cab?MNOPQR9S dc?_?cZ?R9SIJK%L ab?eaZb?_ab?_eaZb?T9U
6、K%L ea_b?cab?Zab?_ab?ROEK%L dab?acb?aZb?eab?VWGXKYL dae?a?aec?a?P/E f?YZaZ_?YaY_?a?P/B aY?aZ?acc?aYZ?EV/EBITDA daY?Zaee?a?a_?MNOPQwindRST/012U Table_CompanyRptType1&(&(SS688045 !#$%&()*+,-.*3/4 /01234 !#$%&()!#$%&()Table_Finace MVWXYMVWXY Z Z :DE9 YY Z :DE9Z !#$!#$2024A 2025E 2026E 2027E !#$!#$2024A